consensus EPS

Hey, I just have a few quick questions regarding EPS which have been lingering in my mind 

  1. Is consensus EPS compared to basic EPS or diluted EPS ?
  2. why is the "EPS Est." / "Consensus EPS" on Yahoo Finance and Seeking Alpha different? (WMT Q2 - 7/30)
    1. Implied EPS Consensus: $1.60 (1.77 - 0.17 = 1.60)
      1. https://seekingalpha.com/article/4534902-walmart-…
    2. EPS Est: $1.62
      1. https://finance.yahoo.com/quote/WMT/analysis?p=WMT
  3. EPS Actual on Yahoo Finance (again, for Q2 7/30) is $1.77 yet in the Q2 it shows as $1.88, can someone tell me where I'm wrong?
    1. https://www.bamsec.com/filing/10416922000072/1?ci…

Appreciate any help, thanks.

 
Most Helpful

Firstly what you must understand is that there is no "one" consensus. Consensus is just an average of sell-side analyst inputs. The average is done by a "data collector" (word I just made up), but there are multiple collectors - Bloomberg, Refinitiv, VisibleAlpha, the company themselves etc. Not every collector gets given all or the same inputs or even does the average calculation in the same way (median vs mean vs some sort of "smart average") thus their consensus will be different but normally not significantly so. This is why you can't/shouldn't read into a company beating by +-1% as anything more than an "in-line". Now that that's out your way:

1. Depends. It's normally whatever EPS makes most sense for the company. For some companies it might even be an "operating" EPS. But consensus is collected for all sorts of figures, not just EPS. So it's very likely that there are basic, diluted, operating etc. figures available and thus whatever "EPS" the presenter means depends on who that presenter is. For this specific company, it doesn't matter because basic/diluted are the same.

2. Basically relates to my first paragraph, they all have different sources.

3. Not sure where they're getting 1.77 from. There's potentially a background adjustment they're doing (or not doing) that should be done. I would trust company financials over yahoo finance... However if you actually look at the Financials tab on Yahoo finance, you'll see the EPS is 1.88.

 

Consequatur quaerat quos recusandae iure non quia provident quidem. Et aliquam ipsa nesciunt. Aut laudantium et labore architecto quia aut non. Voluptatibus odio velit blanditiis accusamus ut culpa. Voluptatem nesciunt nesciunt iure quod qui quia. Ut dolores sed aspernatur in aut et.

Non qui non sunt nemo ex aliquid molestiae. Ut animi et dolores tempore.

And can it ever be?

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”