1492 Billion Vs 14542 Billion

Amazon's Earnings Report: A Tale of Two Estimates

1492 Billion vs. 14542 Billion

Refinitiv's Estimates Raise Questions

Amazon's earnings report for the fourth quarter of 2022 is eagerly anticipated, with analysts expecting mixed results. Refinitiv, a financial data provider, has released two widely divergent estimates for the company's earnings per share (EPS): 1492 billion and 14542 billion. The significant discrepancy has raised questions about the accuracy of these estimates and the potential impact on Amazon's stock price.

The higher estimate of 14542 billion is based on Refinitiv's assumption that Amazon's earnings will continue to be bolstered by its investment in Rivian Automotive, an electric vehicle manufacturer. The lower estimate of 1492 billion, on the other hand, reflects concerns that Rivian's recent struggles could drag down Amazon's overall earnings.

The uncertainty surrounding Refinitiv's estimates has led to increased volatility in Amazon's stock price. In extended trading on Thursday, Amazon's shares plunged as much as 20% after the company posted weaker-than-expected earnings for the third quarter of 2022. The stock's performance in the coming days will likely be influenced by the accuracy of Refinitiv's estimates for the fourth quarter.

Investors are advised to approach the upcoming earnings report with caution and to consider both estimates before making any investment decisions. The final results may differ significantly from Refinitiv's projections, and the stock price could experience further volatility.