Do most SM HFs guess quarterly earnings?

Interviewing for HFs atm and interested in what each HF's strategy, although different for sure (or maybe not that different?), is. Here I define "strategy" as how they make an investment decision.

For example, one ~$2bn HF I interviewed with at the beginning of this year adopted a "guessing next Q's EPS" approach. I honestly loathed that perspective and that is not what I want to do if/when I jump to the public market.

However, another question comes up: do most shops simply use EPS as the #1 factor to direct their investment decisions? If so, I'd have very few choices where the fund practice a capital cycle/value approach. Might be me being too naive from all those books I read?

A third question comes up as I write this thread: is <12 months, or even < 8 months sufficient for a (deep) value strategy to play out, in general?

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Do most SM HFs guess quarterly earnings?

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