Companies should not even be issuing future “earnings expectations”. They mean little and warp the market. Drives me crazy when I hear financial talk about "future p/e’. It’s just a fake number. The only real p/e ratio is the trailing p/e ratio.
Comment on Robinhood admits it’s just a gambling app.
dan@upvote.au 2 weeks agoThe market is wild sometimes. I work for a fairly large company. Sometimes in our earnings reports, we exceed EPS and revenue expectations (which is good), but don’t exceed them as much as some analysts think we’ll exceed them, so the stock goes down. The expectation is that we’ll always exceed the expectations lol
btaf45@lemmy.world 2 weeks ago
scarabic@lemmy.world 2 weeks ago
Yes, and good news about the company can drive the stock price down, if enough people decide that that’s probably a high point for the near future and a good time to sell and take profits.