Consensus estimate

The consensus estimate is the average analyst forecast for a company's earnings or an economic number. Markets price the consensus before the release, so the move is the gap: in line moves little, a surprise moves the stock or the whole curve.

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In MochaLearnLearn how to read US earnings
  • Whisper numberThe whisper number is the unofficial earnings figure traders actually expect, usually above the published consensus…
  • EPSEPS is earnings per share: net profit divided by shares outstanding. On results day it is compared with the published…
  • 8-KAn 8-K is the filing a US company must make within four business days of a material event: a merger, a CEO leaving, a…
  • SEC filingsSEC filings are the documents US listed companies must submit: 10-K annual, 10-Q quarterly, 8-K within four business…
  • Implied volatilityImplied volatility is the volatility an option's price implies, worked backward from the premium: the market's priced…
  • CPICPI, the consumer price index, is the monthly US measure of what a basket of goods and services costs households…

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