EPS

EPS is earnings per share: net profit divided by shares outstanding. On results day it is compared with the published consensus and the whisper number, the filing behind it is on EDGAR before the press release, and a one-off cheque can inflate it, so subtract tariff refunds before comparing.

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In MochaLearnLearn how to read US earnings
  • TariffA tariff is a tax on imports. In the US the president can set many of them alone, effective the moment they are…
  • Whisper numberThe whisper number is the unofficial earnings figure traders actually expect, usually above the published consensus…
  • 10-K and 10-QA 10-K is the audited annual report a US listed company files with the SEC; a 10-Q is the unaudited quarterly version.…
  • 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…
  • Consensus estimateThe consensus estimate is the average analyst forecast for a company's earnings or an economic number. Markets price…
  • Market correctionA correction is a fall of 10% to 20% from a recent high, a convention, not a rule. Most start on a rate repricing or a…

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