Whisper number

The whisper number is the unofficial earnings figure traders actually expect, usually above the published consensus for a popular stock. A company can beat consensus, miss the whisper and fall, which is why good numbers produce a falling stock; it lives in the layer of what was already priced.

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In MochaLearnLearn how to read US earnings
  • EPSEPS is earnings per share: net profit divided by shares outstanding. On results day it is compared with the published…
  • Consensus estimateThe consensus estimate is the average analyst forecast for a company's earnings or an economic number. Markets price…
  • Payout ratioPayout ratio is the share of earnings paid out as dividends; $1 paid on $4 earned is 25%. Above 100% the dividend…
  • 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…
  • Implied volatilityImplied volatility is the volatility an option's price implies, worked backward from the premium: the market's priced…
  • 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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