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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 c
by 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 agoSure - 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 agoIn the United States, the research arm of banks are explicitly forbidden from working with the investment arms. So they are not the same people.