Unsung Metrics Get Star Turn With Looming Earnings Already Stale
- Second-quarter earnings will be ‘a little bit crazy’: StoneX
- Investors plan to look for improving same-store sales trends
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Normally, when a company reports results, a predictable ritual ensues. Investors locate the relevant earnings per share, and compare it to the consensus estimate. Then they dial in to the conference call and listen for the next quarter guidance.
But the old ways will be of little use when banks kick off the reporting season mid-month. For a second straight quarter, investment pros everywhere are concocting homegrown methodologies and bespoke formulas to help them gauge a company’s health in the age of the coronavirus. It might involve calculating adjusted run rates for restaurants without indoor diners. Or scrutinizing Jamie Dimon’s words for clues on the buying habits of American shoppers.