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What would the beat if not consensus estimates?

• CryptoBanker 6y ago
  Management usually issues estimates as well
  • kgwgk 6y ago
    You're right. But management guidance is usually below consensus. If it wasn't beating their own guidance but not the expectations wouldn't be really seen as a "beat". Or maybe that's not what you mean... "Beating" is about actual results being higher than expectations. I don't think I've ever seen someone before say "beating" with the meaning of "issuing a better-than-expected guidance". (That would be the "raise" part in "beat and raise".)