The First Cut: Positive Earnings Surprises
Expectations shape a stocks price, so any change in the markets perception of a company and its industry has an impact on its price.
The quarterly earnings reporting season has become an important time for investors to see whether the expectations of the majority of analysts have been correct, or whether they need adjustment. Services such as I/B/E/S, Reuters, First Call, and Zacks provide consensus earnings estimates by tracking the estimates of thousands of analysts.
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