Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,266
Oh, it absolutely is semantics.
But words are all we have, so it can make a difference. The difference I see in your examples, is that you are the one setting the expectation/target, so yes, you would be the one to be off.
But when I've seen "missed expectations" in financial news reports (which I no longer follow), it almost always means "missed analysts estimates". Am I wrong about that?
I'm going by memory here, but it seems to me most companies do not provide a specific $/share estimate for next quarters earnings. Maybe that opens them up to problems if they miss their own estimates, as in 'misleading investors', and inviting lawsuits?
-ERD50
You are right... they are leaving out the word analyst in the sentence...
It is my thinking, but you are right and wrong.... IOW, companies do not provide 'specific' estimates for the next qtr, but a number of them provide a range for revenue and earnings... that is why sometimes a company can 'beat' this qtr and drop like a rock... because they lower their guidance going forward...
Oh, another thing on the estimate... it is based on the various estimates of the analyst who follow that stock... the actual estimates are usually all over the map... I have seen some where one has estimated twice as much as another.... so I guess the wording should be 'consensus estimate' to be clear... (well, that is bad since there was no consensus... I am sure you can come up with a better word )....