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By “est”, you mean estimates made by people who have nothing to do with the company, not by Apple themselves.

by such12 4y ago

chollida1 4y ago
Somewhat, they are typically generated by the analysts whose job it is to follow the company. However, Those analysts typically get their numbers in large part by talking to the investor relations/CFO of these companies so the estimates are usually pretty good.
- such12 4y ago
  Apple has declined to provide guidance for some time now.
  - chollida1 4y ago
    somewhat. They still provide some guidance on numbers both magnitude and direction, but don't release actual estimates. I'm confused now. You claimed to not really understand who makes these estimates and have no knowledge about how they are formed but it sounds like you do know a tiny bit about guidance? I mean you literally asked how these estimates were created?
    - such12 4y ago
      > I'm confused now. Agreed. > You claimed to not really understand who makes these estimates and have no knowledge about how they are formed but it sounds like you do know a tiny bit about guidance? Where do you think I made this claim?
    - such12 4y ago
      Another reply since you edited your comment to add this: > I mean you literally asked how these estimates were created? Honestly, you genuinely seem confused. Where do you think I asked that question?
      - deleted 4y ago
        [deleted]
guiambros 4y ago
The people "who have nothing to do with the company" are the ones who buy or sell the stock, and end up dictating what the price action would be post earnings call. So you're technically correct, but it doesn't change the fact that the estimates done by analysts materially influence stock performance.
- such12 4y ago
  Sure - but the point is that it is an indication of their sentiment, rather than anything to do with the running of the company. I.e. it’s a reflection of their position, not Apple’s.
- shuckles 4y ago
  In the United States, the research arm of banks are explicitly forbidden from working with the investment arms. So they are not the same people.
  - djbebs 4y ago
    That makes no sense
    - shuckles 4y ago
      The idea is aligning profit motive of investment with profit motive of selling analysis makes it too tempting to engage in price manipulation.
marcus0x62 4y ago
Sure, but like it or not, performance against those third-party estimates has a big impact on stock performance.
- such12 4y ago
  True. However this doesn’t mean as much as pre-covid when Apple did provide their own estimates.

By “est”, you mean estimates made by people who have nothing to do with the company, not by Apple themselves.

by such12 4y ago

By “est”, you mean estimates made by people who have nothing to do with the company, not by Apple themselves.

Somewhat, they are typically generated by the analysts whose job it is to follow the company. However, Those analysts typically get their numbers in large part by talking to the investor relations/CFO of these companies so the estimates are usually pretty good.

such12 4y ago
Apple has declined to provide guidance for some time now.
- chollida1 4y ago
  somewhat. They still provide some guidance on numbers both magnitude and direction, but don't release actual estimates. I'm confused now. You claimed to not really understand who makes these estimates and have no knowledge about how they are formed but it sounds like you do know a tiny bit about guidance? I mean you literally asked how these estimates were created?
  - such12 4y ago
    > I'm confused now. Agreed. > You claimed to not really understand who makes these estimates and have no knowledge about how they are formed but it sounds like you do know a tiny bit about guidance? Where do you think I made this claim?
  - such12 4y ago
    Another reply since you edited your comment to add this: > I mean you literally asked how these estimates were created? Honestly, you genuinely seem confused. Where do you think I asked that question?
    - deleted 4y ago
      [deleted]

guiambros 4y ago

The people "who have nothing to do with the company" are the ones who buy or sell the stock, and end up dictating what the price action would be post earnings call. So you're technically correct, but it doesn't change the fact that the estimates done by analysts materially influence stock performance.

such12 4y ago
Sure - but the point is that it is an indication of their sentiment, rather than anything to do with the running of the company. I.e. it’s a reflection of their position, not Apple’s.
shuckles 4y ago
In the United States, the research arm of banks are explicitly forbidden from working with the investment arms. So they are not the same people.
- djbebs 4y ago
  That makes no sense
  - shuckles 4y ago
    The idea is aligning profit motive of investment with profit motive of selling analysis makes it too tempting to engage in price manipulation.

marcus0x62 4y ago

Sure, but like it or not, performance against those third-party estimates has a big impact on stock performance.

such12 4y ago
True. However this doesn’t mean as much as pre-covid when Apple did provide their own estimates.