Each earnings season, most publicly traded companies will report results that beat analysts’ consensus estimates for sales and earnings. Positive “surprises” are set up and expected, with a typical “beat rate” of 70% or so. Investors can take a single quarter’s earnings surprise with a grain of salt, especially if the results are only slightly ahead of expectations. But this doesn’t mean you should ignore the estimates.
Over long periods, a pattern of rising estimates tends to drive stock prices higher. And the reverse can be correlated with price declines
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Arista Stock Jumps as Earnings Top EstimatesInvestors had worried about the outlook after Meta Platforms issued a more conservative capital-spending forecast than expected.
Source: MarketWatch - 🏆 3. / 97 Read more »
AGCO Stock Is Rising. Earnings Crushed Estimates.Farm-equipment maker AGCO saw 'robust demand' as third-quarter numbers beat estimates. It also raised guidance.
Source: MarketWatch - 🏆 3. / 97 Read more »
Fresh Del Monte’s stock slides premarket after earnings fall short of estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »
CVS Earnings Top Estimates but Stock Drops as Outlook Is Slashed AgainCVS revises lower its guidance range for diluted GAAP earnings per share for the third straight quarter.
Source: MarketWatch - 🏆 3. / 97 Read more »
Wingstop’s stock pops 7% after earnings beat estimates by a wide marginCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »
Airbnb Earnings Top Estimates, But Stock Slips on Light GuidanceAirbnb posted revenue of $3.4 billion, up 18% from a year ago.
Source: MarketWatch - 🏆 3. / 97 Read more »