Что такое earnings guidance

Earnings+Guidance

101 undivided earnings

102 upper earnings limit

103 Year’s Maximum Pensionable Earnings

104 forward price/earnings

105 State Earnings Related Pensions Scheme

106 trailing price/earnings

107 Accumulated Earnings

108 Accumulated Earnings account

109 Earnings Retained for Use in the Business

110 Earnings Retained for Use in the Business account

111 Retained Earnings

112 Retained Earnings account

113 accumulated earnings

114 earnings

115 net earnings per common share

116 retained earnings

117 retained earnings account

118 retained earnings in equity

119 guidance system

120 three-dimensional guidance

См. также в других словарях:

guidance — It is increasingly important for firms to meet or exceed analysts consensus earnings forecasts. Often management will give guidance or hints of the earnings per share prospects over the next quarter or next year to try to direct the consensus to… … Financial and business terms

Guidance — Information that a company provides as an indication or estimate of its future earnings. Also known as earnings guidance. Guidance reports estimating a company s future earnings have some influence over analyst stock ratings and investor… … Investment dictionary

Earnings call — Earnings Calls are a teleconference in which a public company discusses the financial results of a reporting period. The name comes from the bottom line numbers in the income statement earnings per share. The U.S. based National Investor… … Wikipedia

Earnings — The amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. Earnings typically refer to after tax net income.Ultimately, a business s earnings are the main… … Investment dictionary

Earnings Estimate — An analyst s estimate for a company s future quarterly or annual earnings. Future earnings estimates are arguably the most important input when attempting to value a firm. By placing estimates on the earnings of a firm for certain periods… … Investment dictionary

Biovail — Infobox Company name = Biovail Corporation type = Public (tsx|BVF) (nyse|BVF) foundation = 1982 founder = Eugene Melnyk Rolf Reininghaus location = area served = North America key people = William M. Wells (CEO) Dr. Douglas J.P. Squires… … Wikipedia

Triple Play — In investments, a stock that simultaneously beats analyst expectations for revenue and earnings and also raises earnings guidance for future quarters. The term triple play was first popularized by Bespoke Investment Group in the mid 2000 s and is … Investment dictionary

Visibility — The extent to which future projections are probable. Visibility is commonly used in discussing a company s future earnings. A lack of earnings visibility can be a sign that low, or no earnings, are on the horizon. Factors that may contribute to a … Investment dictionary

G-Mode — Infobox Company company name = G mode company type = Corporation foundation = 2000 location = Tokyo, Japan key people = area served = industry = Computer and video games revenue = operating income = net income = num employees = 200 parent =… … Wikipedia

education — /ej oo kay sheuhn/, n. 1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. 2. the act or process of… … Universalium

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Earnings+Guidance

1 earnings

доход от побочного занятия discretionary

поступления долларов earnings валовая выручка

pl заработанные деньги, заработок;
прибыль

прибыль, поступления, (валовая) выручка

in kind плата продуктами питания

per share( EPS) доход на акцию export

поступления, облагаемые особым налогом factor

доход агента factor

доход комиссионера factor

общий заработок (без вычета налогов и взносов работников в систему соцобеспечения) gross

общая сумма поступлений от фрахта group

доходы группы компании hourly

эк.произ. часовой заработок interest

чистые валютные поступления net

чистые поступления net

чистые поступления за фрахт nominal

доход от сдельной работы price cash

поступления от безвозмездных социальных выплат unappropriated retained

2 earnings-related

3 retained earnings

4 career-guidance

5 earnings

6 guidance

7 under the guidance of

8 guidance

9 child guidance

10 earnings

11 guidance

12 guidance on construction methods

13 practical guidance

14 engineering guidance

15 taxiway guidance signing

16 guidance rules

17 guidance

18 guidance

19 accumulated earnings

20 accumulated earnings tax

См. также в других словарях:

guidance — It is increasingly important for firms to meet or exceed analysts consensus earnings forecasts. Often management will give guidance or hints of the earnings per share prospects over the next quarter or next year to try to direct the consensus to… … Financial and business terms

Guidance — Information that a company provides as an indication or estimate of its future earnings. Also known as earnings guidance. Guidance reports estimating a company s future earnings have some influence over analyst stock ratings and investor… … Investment dictionary

Earnings call — Earnings Calls are a teleconference in which a public company discusses the financial results of a reporting period. The name comes from the bottom line numbers in the income statement earnings per share. The U.S. based National Investor… … Wikipedia

Earnings — The amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. Earnings typically refer to after tax net income.Ultimately, a business s earnings are the main… … Investment dictionary

Earnings Estimate — An analyst s estimate for a company s future quarterly or annual earnings. Future earnings estimates are arguably the most important input when attempting to value a firm. By placing estimates on the earnings of a firm for certain periods… … Investment dictionary

Biovail — Infobox Company name = Biovail Corporation type = Public (tsx|BVF) (nyse|BVF) foundation = 1982 founder = Eugene Melnyk Rolf Reininghaus location = area served = North America key people = William M. Wells (CEO) Dr. Douglas J.P. Squires… … Wikipedia

Triple Play — In investments, a stock that simultaneously beats analyst expectations for revenue and earnings and also raises earnings guidance for future quarters. The term triple play was first popularized by Bespoke Investment Group in the mid 2000 s and is … Investment dictionary

Visibility — The extent to which future projections are probable. Visibility is commonly used in discussing a company s future earnings. A lack of earnings visibility can be a sign that low, or no earnings, are on the horizon. Factors that may contribute to a … Investment dictionary

G-Mode — Infobox Company company name = G mode company type = Corporation foundation = 2000 location = Tokyo, Japan key people = area served = industry = Computer and video games revenue = operating income = net income = num employees = 200 parent =… … Wikipedia

education — /ej oo kay sheuhn/, n. 1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. 2. the act or process of… … Universalium

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Торговля новостными акциями: Earnings, Guidance, Upgrades, Downgrades

esp-lg

Заблокирован

Попробую дать читателю почву для дальнейшего поиска и изучения торговли Earnings, Guidance, Upgrades, Downgrades с помощью своих небольших знаний и цытат с сайтов блогеров.
Данная торговля подразумевает под собой использование в течении торгового дня только тех акций, по которым были слухи, телефонные конференции, улучшение/ухудшение прогноза, дивиденты и т.д.
Я встречал два мнения. Первое это по истории нвовстей, на графике можно спрогнозировать поведение акции на сегоднешней день. Сделать это просто. Пример: открываете Upgrades, Downgrades на брифинге _https://www.briefing.com/Investor/Public/Calendars/UpgradesDowngrades.htm Историю выходов Upgrades, Downgrades по каждой акции можно посмотреть вбив тикер в окошко, находящееся слева вверху. Получаете историю. Далее реакцию на информацию просматриваете на графике. Идеально это делается в StratedgyDesk. При его отсутствие подходит ТОС. По моему, последние 9 месяцев на истории он покажет.
Второе мнение. Заключается в том чтобы смотреть за реакцией рынка на информацию. То есть не делается анализ на истории реакции данного стака. Есть новость значит либо рынок отреагирует и будет движ, либо нет. А это видно сразу, с премаркета.
Ярким представителем, который торгует акции имеющие новостной катализатор является трейдер Собано. Видео его торговли, даже переведенное на русския язык здесь _http://timesales.ru/?s=%D0%A1%D0%BE%D0%B1%D0%B0%D0%BD%D0%BE
Цитаты блогеров:
investor.blogin.tv:
» И так основные критерии для захода в позицию по отчету (earning):

Если хотите держать месяцами позицию то

1)Цена должна быть в среднем от 25$-30$, если цена до 20$, то трейд можно держать до месяца, а то и неделю, просто статистически доказано что от 30$ NYSE / AMEX, и от 25$ NASDAQ, минимум нужно, что бы стаки шли вверх долго.

3)График тоже очень важен, он должен быть красивый, и пробивать какой-то уровень.

4)Отчет должен быть лучше, чем ожидали аналитики, и лучше чем был в прошлом году этого же квартала (поймете о чем я, просмотрев примеры которые я привел ниже)

(Все отчеты я смотрю тут _http://briefing.com/Investor/Private/Calendars/EarningsCalendar.htm

5)Guidance (Ожидания на следующие кварталы, годы) даже важнее, чем сам отчет, если он так же как и ожидали аналитики, то нормально, но если больше то супер.

6) а)Есть маленькие ньюансы, если например на стаке большой гэп, процентов 15-20% от цены, то стак могут слить, и нужно ждать когда пробьют ключевые уровни и брать.
б) Пробитие своих максимальных хаев за все время торговли на бирже, т.е. high of all time
и еще другие ньюансы, которые не хватит времени описать тут, которые придут только с опытом.

P.S. Почти тоже самое и для акций в шорт, только все должно быть наоборот, отчеты плохие,и все хуже и хуже и т.д.

Опишу вам идеальный вариант акции, в которую можно заходить на много и на долго:

3)График пробивает на отчете свою максимальную цену за все время торгов на бирже + пробивает уровень на дневке + красивый график

4)Отчет лучше на много, чем ожидали аналитики, и лучше чем был в прошлом году этого же квартала

5)Guidance вышли не только на следующий квартал лучше, чем ожидали аналитики, но и на следующий год лучше чем ожидали аналитики.

Например FOSL, график которой вы увидите ниже, цена 45$ пробивала, на хороших отчетах + guidance + график красивый + high of all time. Просто идеальный пример. В итоге за 4 месяца почти 30$ на акцию. » Информация взята здесь _http://investor.blogin.tv/?p=5716
traаnan:
» Читаем новости вместе
Я решил больше углубиться в фундаментальный анализ в своих блогах. Как читать новости о компаниях, как их понимать, как формировать идею по сделке, основываясь на новости. Конечно, все тонкости чтения новостной ленты, разбор всех возможных акцентов каждой отдельной новости невозможно поместить в одном посте. Я решил продолжить в том же духе, как и раньше. Я разберу самый красивый пример этой недели по моему мнению. Это отчет о прибылях и выручке компании Finisar corporation. Компания размещена на NASDAQ под тиккером FNSR.

Читаем новость. Отчет компания выпустила после закрытия торгов на американских биржах в среду, 1 декабря. С текстом отчета можно ознакомиться здесь.

За исключением одноразовых издержек, компания заработала 44 цента на акцию против ожиданий аналитиков 38 центов. Выручка за второй фискальный квартал (сентябрь) выросла на 65% по сравнению с предыдущим годом. Также компания объявила, что в следующем квартале (декабрь) заработает 45-47 центов на акцию против ожиданий аналитиков 41 цент. Также повышен прогноз по выручке на 3 квартал. Как мы видим новость очень хорошая. И не вдаваясь в дальнейшие детали, по сравнению с отчетами других компаний, эта показала хороший рост прибылей выше ожиданий и даже собирается делать это и впредь. Далее я смотрю насколько много потенциала для роста есть у акции на дневном графике.

Торговый план такой: если акция открывается выше исторического максимума, то ее можно смело покупать по открытию с риском 25-30 центов и потом докупать до мере движения.

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Company Guidance

What Is Company Guidance?

Guidance is an informal report a public company issues to shareholders detailing the earnings it expects to achieve in the upcoming fiscal quarter or year ahead. Guidance, also referred to as forward earnings guidance or a forward-looking statement, typically includes internal projections for revenue, earnings, and capital spending and is subject to revision in the interim.

Guidance can be contrasted with analysts’ estimates, which are generated by external experts.

Key Takeaways

How Company Guidance Works

Company guidance is typically released immediately after a company publishes its latest quarterly earnings report and is often discussed in depth during a meeting between industry analysts and company executives. Companies are not legally required to provide earnings guidance, although it is common practice for many of them to do so.

The information guidance is based on normally includes sales projections, market conditions, and anticipated company spending. Some companies provide guidance on other aspects of their financial activities, too, such as inventory, units sold, and cash flow.

A company may revise its earnings guidance upwards or downwards later in the quarter if its outlook changes significantly.

Impact of Company Guidance

Providing forecasts to investors is one of the oldest Wall Street traditions. In earlier times, earnings guidance was called the «whisper number.» The only difference is that whisper numbers were given to only selected individuals, such as analysts or brokers so that they could inform their big clients. Fair disclosure laws, known as Regulation FD, made this illegal, and companies now have to broadcast their expectations to the world, giving all investors access to this information at the same time.

Any comments management make about the company’s future prospects are studied closely by investors. An inside perspective on how business is faring since the last figures were collected, and is likely to develop in the coming months, can potentally trigger a share price rerating.

Guidance reports tend to significantly influence analysts’ stock ratings, which affect many investors’ decisions on whether to buy, hold, or sell a stock. For example, if a company’s management dispenses guidance figures that fall well below market expectations, a number of analysts will probably downgrade the stock, causing many investors to dump it.

Special Considerations

There is always a risk that a company’s guidance may turn out to be wrong. Few investors mind if the company low-balls its estimate. Many are irate if they miss their stated goals.

In the U.S., safe harbor provisions protect companies from being sued if they fail to meet their own forward-looking expectations. Most notably, in 1995 Congress enacted the Private Securities Litigation Reform Act (PSLRA), which helps shield companies from securities fraud lawsuits stemming from unachieved expectations.

A Word of Warning

To further protect themselves from lawsuits, companies pair their guidance reports with disclosure statements maintaining that their projections are by no means guaranteed.

Companies are under no obligation to update their guidance after initial reports are issued, even if subsequent events render their projections unlikely. Some do, however, in order to get the bad news out there before the earnings release date.

Advantages and Disadvantages of Company Guidance

Some in the investment community feel that guidance does a company and its investors more harm than good. Investment guru Warren Buffett recently called for companies to stop issuing quarterly earnings guidance. He believes that it forces companies to place too high a priority on making the numbers at the expense of nurturing the long-term interests of the business.

Others disagree, believing that quarterly earnings reports cause investors to become more educated about short-term results versus long-term initiatives. Proponents also believe that providing less information to the public would not inevitably reduce stock volatility.

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Earnings Guidance: Can It Predict the Future?

It has become regular practice for companies to provide «guidance» along with the company’s earnings. Guidance is a relatively new term that describes an old practice of predicting business expectations.

Here we’ll take a look at this age-old tradition, discuss the good and bad points, and examine why some companies are saying «no more» to earnings guidance.

Key Takeaways

Earnings Guidance Defined

Earnings guidance is defined as the comments management gives about what it expects its company will do in the future. These comments are also known as «forward-looking statements» because they focus on sales or earnings expectations in light of industry and macroeconomic trends. These comments are given so that investors can use them to evaluate the company’s earnings potential.

An Age-Old Tradition

Providing forecasts is one of the oldest professions. In previous incarnations, earnings guidance was called the «whisper number.» The only difference is that whisper numbers were given to selected analysts so that they could warn their big clients. Fair disclosure laws (known as Regulation Fair Disclosure or Reg FD) made this illegal and companies now have to broadcast their expectations to the world, giving all investors access to this information at the same time.   This has been a good development.

The Good: More Information Is Always Better

Earnings guidance serves an important role in the investment decision-making process. Under current regulations, it is the only legal way a company can communicate its expectations to the market. This perspective is important because management knows its business better than anyone else and has more information on which to base its expectations than any number of analysts. Consequently, the most efficient way to communicate management’s information to the market is via guidance. In an ideal world, analysts who choose to listen to these numbers would use this information in combination with their own research to develop earnings forecasts.

The Bad: Management Can Manipulate Expectations

The cynical view is that, because this is not an ideal world, management teams use guidance to sway investors. In bull markets, some companies have given optimistic forecasts when the market wants momentum stocks with fast-growing earnings per share (EPS). In bear markets, companies have tried to lower expectations so that they can «beat the number» during earnings season. It is one of the analyst’s jobs to evaluate management expectations and determine if these expectations are too optimistic or too low, which may be an attempt at setting an easier target. Unfortunately, this is something that many analysts forgot to do during the dot-com bubble.

Why Some Companies Stopped Giving Guidance

Claiming that guidance promotes the market’s focus on the short term, some companies stopped providing guidance in order to try to combat this obsession. However, eliminating guidance will not change the market’s fixation on the short term because the market’s incentive policies cannot be dictated. Everyone on Wall Street is paid annually and gets paid more if they outperform in that year. This focus will not change if companies don’t talk to the Street.

The Ugly: Eliminating Guidance Will Increase Volatility

Eliminating guidance could result in more diverse estimates and missed numbers. Analysts often use guidance as a reference point from which to build their forecasts. Without this anchor, the range of analysts’ estimates will be wider, producing larger variances from actual results. Misses of more than a penny may become commonplace.

An interesting question is what will the Street do if misses become bigger and more frequent? Today, if a company misses the consensus estimate by a penny, its stock could suffer or soar. Bigger misses could result in bigger swings in stock prices, producing a more volatile market. On the other hand, if the market is aware that the misses are caused by the lack of guidance, it may become more forgiving. If there is an argument for stopping guidance, it is that the Street would be more forgiving of companies that miss the consensus estimate.

The Bottom Line

Guidance has a role in the market because it provides information that can be used by investors to analyze the company, evaluate the management team, and create forecasts. Companies are foolish if they think they can alter the market’s short-term focus. The Street will still do what it wants, and it will stay focused on quarterly timelines. If, however, more companies opt for no guidance, the Street inadvertently may become more rational and, therefore, stop whipsawing stock prices for minuscule variances that are really just SWAGs (Systematic, but We’re All Guessing).

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