Thoughts on Amazon

$Amazon(AMZN.US)$ Operating income for amazon for all of 2021 was $24.8B on revenue of $469B. Operating income for the TTM is $12.9B on total revenue of $502B. I suspect, as I've been saying for the past year, 2021 will be the highest pure eps for Amazon for at least 2021-2025. Despite it's more than 50% decline in stock price, it's PE ratio has pushed up to 74 because it's earnings have been absolutely decimated. The difficult part for amazon is that it's about to lap Q4 2021 where it netted $11.8B from it's Rivian investment to prop up the eps by a huge magnitude. In Q4 2022 it'll prob take a roughly $700M-$1B loss again from Rivian, but this time it's operating income may also be down. That could cause a MASSIVE shortfall in terms of eps for the TTM. Think about it, in Q3 2022 it's eps were $0.28, then in Q2 2022 they were ($0.20), Q1 2022 ($0.38), and the dangerous part (like I said), in Q4 2021 they were $1.39 because of Rivian. So, if you look at the trailing 3 quarters because those are what matter (for a TTM PE ratio), you are down a negative ($0.30) eps. Do you think AMAZON will have a GAAP eps of greater than $0.30? Remember that it's going to take another +/-$1B loss from rivian. IF AMAZON'S EPS ARE NOT GREATER THAN .30 THIS COMING QUARTER, IT'S PE RATIO WILL BE N/A