Source: https://mochatrade.com/learn/glossary/earnings-beat-and-miss

# Earnings beat and miss
URL: https://mochatrade.com/learn/glossary/earnings-beat-and-miss
Last modified: 2026-10-17

A beat is results above the consensus estimate; a miss is below. Most large US companies beat most quarters because guidance is set to be beaten, so a small beat is priced and [the guide decides the move](https://mochatrade.com/learn/us-market-structure/us-earnings-explained). [Micron beat by $3.2 billion and finished the week lower](https://mochatrade.com/blog/mocha-markets-weekly-oct-05), and [a beat made of refund money does not get paid](https://mochatrade.com/blog/mocha-markets-weekly-dec).

## Related terms

- Guidance (earnings guidance): https://mochatrade.com/learn/glossary/guidance
- Consensus estimate: https://mochatrade.com/learn/glossary/consensus-estimate
- Earnings season / earnings report: https://mochatrade.com/learn/glossary/earnings-season-earnings-report
- EPS: https://mochatrade.com/learn/glossary/eps
- Earnings call: https://mochatrade.com/learn/glossary/earnings-call
- Magnificent 7: https://mochatrade.com/learn/glossary/magnificent-7