This is the most meaningless thing the financial industry promotes and I wish they would just stahp it.
Why? Because "expectations" of Wall Street "analysts" (sarcastic quotes are deliberate) of results are guesses of said analysts. Take the average of all the guesses and you have expectations. Have too many analysts guess poorly too much one way or the other and you have either a miss or a beat. It's just dumb.
Analysts can manipulate the market if they chose to deliberately guess too high. I'd rather see the results or the analysts reported against the results.
This is just my comment and not reflective of the authors choice of words or use of them. I enjoy listening to the calls live as an investor. Thanks for this article.
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