Posted by DigiNomad on 9th of May 2024 at 01:11 pm
Earnings "beats" are a pet peeve of mine. I posted this on X
earlier today:
The 'earnings beat' statistics, as in 86% of companies have
beat so far this quarter are contrived by people selling stocks.
It's essentially meaningless but you hear it constantly. If a
company comes in overvalued and then beats a target they set are
they now undervalued? Answer: the "beat" doesn't help you determine
that in any way. It's a sales tactic.
Posted by DigiNomad on 9th of May 2024 at 01:32 pm
Cramer even has a strategy / acronym for playing the "earnings
beat" game and says companies are moronic if they don't follow it.
UPOD - always Under Promise and Over Deliver.
It's kind of amazing to me that the average beat rate per
cycle isn't more like 98%. I mean, they set their own damn
targets!
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Earnings "beats" are a pet
OSCR daily still moving
Posted by DigiNomad on 9th of May 2024 at 01:11 pm
Earnings "beats" are a pet peeve of mine. I posted this on X earlier today:
The 'earnings beat' statistics, as in 86% of companies have beat so far this quarter are contrived by people selling stocks. It's essentially meaningless but you hear it constantly. If a company comes in overvalued and then beats a target they set are they now undervalued? Answer: the "beat" doesn't help you determine that in any way. It's a sales tactic.
Cramer even has a strategy
Posted by DigiNomad on 9th of May 2024 at 01:32 pm
Cramer even has a strategy / acronym for playing the "earnings beat" game and says companies are moronic if they don't follow it. UPOD - always Under Promise and Over Deliver.
It's kind of amazing to me that the average beat rate per cycle isn't more like 98%. I mean, they set their own damn targets!