The forecast is suggesting that Amazon is likely to report EPS equal to $ 4.61. In comparison, the EPS for the last quarter was at $ 6.04, which means that Amazon is likely to see its first misstep in growth in more than a year.
Typically, there is a drop in orders for big retail companies at the beginning of each year, which could potentially offset the revenue streams for Amazon and result in a decreased EPS. Moreover, the Relative Strength Indicator – RSI, suggests that for some time the price has been trading in an overbought area which is yet another indication that a selloff might be imminent.
On the other hand, if the forecasts come true and Amazon reports EPS equal to $ 4.6, that would exceed the earnings for the same quarter of last year, which were reported at $ 3.27. This difference of 1.34 is still significant enough to showcase the growth of Amazon on a year-to-year basis.
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