A lot of the high growth companies seem to really low-ball guidance. How do HFs think about that? Do they build out their estimates independent of what the company guides or do they use that as a reference point (in conjunction with past beats)?
| +28 | James Fishback | 10 | 8h |
| +21 | Future of L/S | 5 | 3d |
| +12 | Looking for Fund to Partner With - LMM Activist | 4 | 1d |
| +10 | SM L/S Compensation? | 3 | 1d |
| +9 | Moving from credit to equity? | 3 | 5d |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 2d |
| +9 | How to prep for credit HF? | 4 | 2d |
| +4 | Jensen Huang | 1 | 20h |
| +3 | Chefs at Pod Shops | 2 | 3d |
| +1 | Discerene Group | 2 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Use it as a reference point and then figure out where they're sandbagging.
Sell side tends to model within guidance (high end if company typically low balls) but buyside is paid to find out what consensus is missing.
If a company normally beats high end of guidance, you can bet stock will probably be down when it actually hits with its guidance.
Repudiandae architecto aliquid rerum corrupti et voluptates. Ut quia aliquid qui tempora voluptatem. Perferendis et eum blanditiis accusantium voluptatem facilis id. Aut voluptas inventore non dolores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...