How do ER analysts treat Acquisitions?

I am a complete newbie to ER but I had a question I wanted to ask.

If a company has an equity investment in a firm till 2013 but then takes it over and consolidates it starting 2014, Then how do you make revenue projections starting 2014?

How would an ER analyst treat something like this? Would you just bump up the revenue starting 2014 and assume a profit margin(simplistically speaking) or would you adjust historical statements as well?

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