Impressive work! I was a bit skeptical to analyst estimates before, now I am even more skeptical. It's also interesting to see the difference between Europe and the USA.
so this compares adjusted EPS estimates to GAAP / IFRS actuals ? I wouldnt expect very high accuracy either when tax matters and non-cash write-offs can cause the divergence.
EBIT would make more sense, only SBC tends to skew that from the accounting standard actuals.
Impressive work! I was a bit skeptical to analyst estimates before, now I am even more skeptical. It's also interesting to see the difference between Europe and the USA.
Thanks Gustav!
so this compares adjusted EPS estimates to GAAP / IFRS actuals ? I wouldnt expect very high accuracy either when tax matters and non-cash write-offs can cause the divergence.
EBIT would make more sense, only SBC tends to skew that from the accounting standard actuals.
Excellent work, really interesting how off analyst expectations are but also really beneficial to understand your process & the limitations.