$Amazon.com(AMZN)$ When Q4 2021 results are replaced by Q4 2022 results, PE will skyrocket into the stratosphere.
PE will easily go over 200 then unless AMZN price falls.
The price will fall because all us former and present Amazon employees know that Q4 has been a bust.
Notes:
2021 Q3 - $4.3B Profit
2021 Q4 - $14.9B Profit (but only $3.1B if the $11.8B RIVN gain is excluded)
2022 Q1 - $5.2B Loss
2022 Q2 - $2.6B Loss
2022 Q3 - $2.9B Profit
2022 Q4 - Much lower since instead of $11.8B gain from RIVN, it will be $1.5B loss from RIVN
You replace $14.9B with anything less, and it will be much less, the PE will go up.
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