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Questions tagged [corporate-earnings]

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How to properly find Non-GAAP diluted earnings per share from earnings release?

I looked through Amazon's third quarter earnings release and could not figure out how to properly find the Non-GAAP diluted earnings per share. Sources such as Zacks reported it as 0.85. How can I ...
ArdurA BANGARANG's user avatar
2 votes
1 answer
156 views

(canada corporate tax) Assets dont add up to liabilities and equity due to rounding errors. How to fix?

My accounting software (waveapps) and all my invoices/receipts/bank statements rounds up to the cent. But all of the underlying T2 schedules and forms from the Canadian Revenue Agency are rounded to ...
pf_init_js's user avatar
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1 answer
253 views

Best way to pay myself from a C-Corp

I am a US citizen, and I own a C Corporation that is used to receive payments for contract work that I do. I estimate that I will earn about $250k this year in it. What is the best way to pay myself ...
Rob's user avatar
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2 votes
1 answer
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Understanding the earnings and shares in the commentary

I'm reading The Intelligent Investor, commentary on chapter 11, and quote: AOL Time Warner, for example, reported in the front of its annual report that it had 4.5 billion shares of common stock ...
daisy's user avatar
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1 answer
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Single Proprieter software consult/product company - S-Corp options?

Scenario: In the United States. Software Developer who performs consulting for other businesses. Paid an hourly rate of $150 per hour for full time work (1860 hours). Additionally, the software ...
Derek's user avatar
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1 vote
1 answer
202 views

How can company show a profit before income tax, but then lose money after income tax?

I am looking at a recent earnings release from Apache Oil. The symbol for Apache Oil is APA. Here is a link to the earnings release: Earnings Release The release (on page 6) shows that the company had ...
Bob's user avatar
  • 1,711
7 votes
1 answer
1k views

Why would being acquired lead management to not issue guidance or field questions?

Activision Blizzard reported earnings recently. Activision Blizzard misses on earnings, sees user decline in Q4 Activision Blizzard is also being acquired by Microsoft. This is cited as a reason to ...
Allure's user avatar
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-1 votes
2 answers
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How does one use EPS as a valuable tool in evaluating an equity?

EPS (Earnings Per Share) is typically listed along with what seems to be much more insightful metrics for equities. Is EPS useful in it's own right, or does one need to plug it in to an equation to ...
End Antisemitic Hate's user avatar
0 votes
2 answers
64 views

Relation of Sentiment & Growth Vs Profit to share prices

I have come across a few remarks on the price of a company share is not associated with the profit of a company from a friend of mine. According to him the price of shares are based on sentiment and ...
wonderful world's user avatar
1 vote
2 answers
221 views

Do corporate executives have a fiduciary duty to maximize the value returned to investors?

I have repeatedly heard that corporate executives have a fiduciary duty to maximize the value returned to investors. I have also repeatedly heard exactly the opposite: that there is no requirement ...
End Antisemitic Hate's user avatar
3 votes
2 answers
1k views

In the context of corporate profits, what does "back-half" mean?

Today, the following was reported: Clorox shares are trading lower after the company reported Q2 results. While the company beat estimates, it said it expects back-half sales to be about flat. What ...
End Antisemitic Hate's user avatar
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0 answers
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Why is capitalization because of revenue fall important?

I have a question: Why is extra capital important in case of revenue drop, either quarter or annual revenue? I'm asking: what are the benefits of getting large amounts of extra capital if revenue drop ...
Kathy's user avatar
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1 vote
1 answer
56 views

Does Earnings Per Share factor in cost of capital/debt?

If a company has ongoing debt (loans, etc.), is the cost of servicing that debt subtracted from revenue when EPS is calculated? Put another way: If you had 2 stocks: S1, S2, and everything else was ...
Clay Nichols's user avatar
0 votes
1 answer
124 views

Is it possible to have positive retained earnings despite having lost money since inception?

I'm looking at the balance sheet for a private company that has lost money every quarter since being founded several years ago. It shows +$228k in retained earnings. Management claims that their ...
Michael Stern's user avatar
2 votes
3 answers
245 views

Can publicly-traded corporations adjust earnings to meet analyst expectations?

What prevents publicly traded corporations from adjusting their earnings to meet consensus expectations? Or do they adjust earnings once in a while to meet expectations? To elaborate, imagine a ...
user2371765's user avatar
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1 answer
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Does some convention govern which companies report earnings in the morning vs. evening?

Most companies report after market close, but some (10%? 30%?) report in the morning. What rules control when some do it in the morning vs. evening? Please answer separately, if necessary, for ...
user avatar
0 votes
1 answer
567 views

How do you find the earnings deficit? Is it on the balance sheet?

When evaluating a security using Graham's Defensive Investing Criteria he says that a company shouldn't have any earnings deficit for the last 10 years (reference, revenue deficit definition). That is ...
Revolucion for Monica's user avatar
-1 votes
2 answers
40 views

How close to the earnings announcement can data be taken into account?

If a company is benefiting strongly from the pandemic, and they have an earnings announcement relatively soon (say April or May), will the increase in income from the pandemic be reflected in the ...
Ken - Enough about Monica's user avatar
3 votes
2 answers
2k views

Why Might A Company Have a Payout Ratio > 100%?

I'm trying to up my knowledge in dividends and sometimes I will see a company that has a payout ratio greater than 100% and I think that typically speaking somebody would see that and consider it to ...
GrayLiterature's user avatar
0 votes
1 answer
80 views

View earnings dates for only Fortune 500 companies? [closed]

Is there a way to view earnings dates for Fortune 500 (or large) companies only? NASDAQ has a listing for all its companies. I'm not able to find a similar calendar for NYSE, but I can also find ...
Sam's user avatar
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Am I looking at the right number for Earnings and EBITDA for Nokia?

I'm practicing how to read quarterly reports of publicly traded companies. I'm looking at Nokia's with this link here: https://www.nokia.com/system/files/2019-10/nokia_results_2019_q3.pdf Am I ...
learningtech's user avatar
0 votes
1 answer
65 views

Did I calculate EBITDA correctly for LAUR?

I struggle to pick out the right numbers from financial reports of publicly traded companies to calculate EBITDA. I randomly picked the stock LAUR and found this document: http://s23.q4cdn.com/...
learningtech's user avatar
2 votes
0 answers
313 views

"Smoothed" growth rate used to calculate implied equity risk premium

On Aswath Damodaran's website, he publishes an annual dataset that calculates the current equity risk premium implied by current market prices. The dataset can be found here: http://www.stern.nyu.edu/...
beeba's user avatar
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2 votes
0 answers
95 views

Do foreign entities earning money via US marketplace platform have to pay US taxes?

I registered a one-person LLC in my country of stay (Taiwan) that I use to receive income from a US-resident online marketplace platform that connects me (offering services) to international customers ...
Domi's user avatar
  • 121
1 vote
3 answers
484 views

What's stopping a company from intentionally reporting poor guidance to tank the stock and enabling them to buy-back shares at a massive discount?

From Investopedia: Many companies issue disclaimers when they issue forward-looking statements. Despite an implicit understanding that certain statements are largely speculative in nature, the ...
Nico's user avatar
  • 457
0 votes
1 answer
45 views

Earnings Reports and the Economy

I read some articles about how this quarter will probably have bad earnings but so far (I know not many companies have reported), it seems like almost everyone beat earnings. This leads me to my main ...
Gerold Astor's user avatar
12 votes
3 answers
4k views

Are dividends exclusively a part of earnings?

Are stock dividends exclusively part of earnings? Or are there cases when companies pay dividends despite zero or low earnings?
user123124's user avatar
  • 1,085
0 votes
0 answers
94 views

How do companies listed in the US stock exchages choose when they report their earnings

Do they just pick a date? Or are there some archaic rules governing earning report dates.. Updated from link provided by Bob Baerker. The essential SEC requirements are that each public company ...
sofa general's user avatar
1 vote
1 answer
142 views

Understanding a Cashflow 2017 10-K statement

First time post question on this platform, let me know if I shall move to the quantitative finance or this is the right place afterall. I am reading Analog Devices 10-K and could not really wrap my ...
B.Mr.W.'s user avatar
  • 121
0 votes
1 answer
94 views

What stock(s) denote the unofficial start of "earnings season"?

I have heard AA (Alcoa Corporation) and JPM (JP Morgan Chase) mark the start of "earnings season" is there any other consensus?
JDM's user avatar
  • 81
3 votes
2 answers
192 views

Understanding corporate earnings manipulation

While reading earnings manipulation on investopedia, I came across following sentences: Another form of manipulation is to change company policy so more costs are capitalized rather than expensed ...
Mahesha999's user avatar
3 votes
1 answer
204 views

Are the CEO's earnings different from the company's earnings?

I am a resident of Ontario and I am planning to go to University in September. Upon applying for OSAP I was asked what my monthly salary while in school will be (excluding time away from school). I ...
Dante's user avatar
  • 133
0 votes
2 answers
178 views

Why do public companies give guidance in quarterly reports? [closed]

Warren Buffet and James Dimon recently published an article in the WSJ saying public companies shouldn't give guidance in quarterly reports. From what I understand, they're saying that if a company ...
fileyfood500's user avatar
1 vote
1 answer
40 views

Would earning reports or other filings for a retail outlet include a breakdown of sales by category?

I am evaluating stock traded on NASDAQ for a retail establishment. I want to learn what portion of this establishments sales come from different departments. For example, I want to know if 20% of ...
Freiheit's user avatar
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24 votes
3 answers
6k views

If a company that doesn't pay dividends makes a large profit, where does it go?

Does the company have a responsibility to reinvest all of it? Can a company have a lot of money just sitting around? Is that grounds for shareholders to sue? If a company has a lot of money just ...
user2958456's user avatar
4 votes
1 answer
5k views

Better way to calculate earning growth rate to have quick glance on company earning quality

I was wondering, what is a better way, to calculate earning growth rate, to have a quick glance on company earning quality? In ycharts, according to https://ycharts.com/glossary/terms/eps_growth , ...
Cheok Yan Cheng's user avatar
0 votes
2 answers
105 views

Are reinvested profits still "profits"?

Let's say I run a restaurant for a quarter and the cost of a served meal includes the ingredients, service labor, and utilities and monthly mortgage payment for the restaurant building, totaling $8.40....
J. Doe's user avatar
  • 459
2 votes
1 answer
69 views

Earnings Calendar Fiscal Quarter Ending

Taking a look at the earnings calendar on the Nasdaq site I stumbled upon the column "Fiscal Quarter Ending". I see that some companies that report earnings on the 21st of November (http://www.nasdaq....
papadp's user avatar
  • 123
6 votes
1 answer
378 views

As a contractor, if my business makes no net profits, do I owe taxes?

Have been working full time, switching to at least part time contract work. I'm looking at starting a company and having all my contract pay go through it. Assuming I'm also working at least part time ...
StackOverflowed's user avatar
12 votes
3 answers
3k views

Where can publicly traded profits go but to shareholders via dividends?

Some companies don't pay dividends. Some companies accumulate money like the offshore "exiled" or expatriated cash piles of the likes of Apple and friends. So I suppose that corporate profits can be ...
J. Doe's user avatar
  • 459
1 vote
0 answers
99 views

How common is it for an executive to sell more than $50k in shares without filing a 10b5-1 plan?

So with regard to the Equifax hack and the sale of shares by three executives, we've read that: Filing a 10b5-1 plan and selling shares on a set schedule is an affirmative defense against insider ...
bribroder's user avatar
-3 votes
5 answers
192 views

Does a company's stock price give any indication to or affect their revenue?

Assume you are looking at a tech company and that it only makes money through advertising space, i.e. no tangible goods are sold. If the company reported a loss at the previous quarter when the stock ...
Aethelred's user avatar
1 vote
0 answers
54 views

How does one book a currency exchange loss?

How does one book a currency exchange loss? Let's assume: I have an account in GBP. I have an account in USD. I pay taxes in USA. Let's assume following transactions: I made 100k GBP in the ...
brt's user avatar
  • 1,256
2 votes
1 answer
179 views

When a company reports its earnings, when does the SEC EDGAR system show the report online?

I am looking at a stock right now Ascent Solar Technologies Inc which according to the Calendar of US Earnings was supposed to report their earnings before the market opened today on August 12. So I ...
Milo StaKic's user avatar
0 votes
2 answers
250 views

How do you compare the sales of a company like Coca Cola against another company like JPMorgan Chase to figure out the best investment opportunity?

I am wondering how to compare companies from the sales perspective. If I take a look into the balance sheet of Coca Cola) and take a look at the sales, they are pretty clear to understand. If I take ...
cilap's user avatar
  • 157
1 vote
1 answer
172 views

GAAP or non-GAAP numbers in nasdaq.com?

As can be seen here on nasdaq.com Microsoft's EPS for the last quarter was supposedly $0.69. According to this website MSFT Non-GAAP EPS was $0.69 and GAAP EPS was only $0.39. This means that NASDAQ ...
john1234's user avatar
  • 637
1 vote
2 answers
808 views

Why don't companies underestimate their earnings to make quarterly reports look better?

We have a TV on financial news in the office, and I always see reports of companies meeting their earnings estimates or failing to meet them. Even if a company misses the estimate by a very small ...
JPhi1618's user avatar
  • 1,212
1 vote
2 answers
2k views

Price movement behaviour before earnings announcements

Is there a typical price movement behaviour seen before the earnings announcement? Which of my following happens often? As the announcement approaches, Stock holders mostly hedge the uncertainty ...
Distraction Arrestor's user avatar
0 votes
1 answer
104 views

How disciplined are companies in sticking to the announced earnings announcement date?

My options strategy depends on the earnings announcement date. Do all companies disclose earning announcement dates well before the date? Or do they announce as a surprise? How often do they ...
Distraction Arrestor's user avatar
1 vote
1 answer
113 views

Which Earnings Figure for Graham's "Stock Selection for the Defensive Investor"?

This question is around Chapter 14 in the Intelligent Investor (Stock Selection for the Defensive Investor). I've read the chapter and I've read blog posts about it. I'm confused. What's confusing me ...
Jeff's user avatar
  • 105