Historical vs Projected comp spreading
When you spread historical comps from filings and then find analyst reports to get the projections, what are the best practices methodologies to make sure the numbers are apples to apples? For example, for EBITDA, should you add back non-recurring expenses historically to D&A, what if the analyst reports you have access to don't go into this detail? If you stick with one report, can you just note the report you are using and pull their historicals or do you have to always go to the filings?
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