3 ms·

I remember (and will try to find) this one instance a few years back where one of the large banks issued a price upgrade shortly before earnings. This brought u

I remember (and will try to find) this one instance a few years back where one of the large banks issued a price upgrade shortly before earnings. This brought up the consensus prior to the earnings announcement causing the company to miss/underperform consensus which CNBC and other public news outlets weren't afraid use as the headline grabber... The company management was pretty pissed, but it also shows how simple the public can be in interpreting the earnings miss/beat.

o-__-o 7y ago
I no longer trade during earnings because it’s effectively random for John Q Public. A company beats across all estimates (eps, total rev, next quarter guidance) but drops 6% because a random non-public metric (like same store comp sales, or new subscribers added) that not a single analyst talked about that quarter was missed.