Street Earnings (street + earning)

Distribution by Scientific Domains


Selected Abstracts


Letting the "Tail Wag the Dog": The Debate over GAAP versus Street Earnings Revisited,

CONTEMPORARY ACCOUNTING RESEARCH, Issue 3 2007
Jeffery S. Abarbanell
First page of article [source]


Discussion of "Letting the ,Tail Wag the Dog': The Debate over GAAP versus Street Earnings Revisited",

CONTEMPORARY ACCOUNTING RESEARCH, Issue 3 2007
Mark T. Bradshaw
First page of article [source]


Discussion of "Letting the ,Tail Wag the Dog': The Debate over GAAP versus Street Earnings Revisited",

CONTEMPORARY ACCOUNTING RESEARCH, Issue 3 2007
Theodore E. Christensen
First page of article [source]


Analysts' Incentives and Street Earnings

JOURNAL OF ACCOUNTING RESEARCH, Issue 1 2009
BOK BAIK
ABSTRACT We examine whether analysts' incentives are associated with street earnings. Because prior research argues that analysts' incentives to promote stocks increase in the extent to which the stock exhibits glamour characteristics, we predict that analysts are more likely to make income-increasing adjustments in determining street earnings for glamour stocks than for value stocks. We find that analysts are more likely to exclude expense items from street earnings for glamour stocks than for value stocks and that excluded expense items help predict future earnings for glamour stocks but not for value stocks. Overall, our results suggest that analysts' self-interest influences street earnings and this self-interest leads to street earnings that are less useful in predicting future earnings for glamour stocks. [source]


GAAP versus The Street: An Empirical Assessment of Two Alternative Definitions of Earnings

JOURNAL OF ACCOUNTING RESEARCH, Issue 1 2002
Mark T. Bradshaw
Managers, security analysts, investors, and the press rely increasingly on modified definitions of GAAP net income, known by such names as "operating" and "pro forma" earnings. We document this phenomenon and discuss competing explanations for the recent rise in the use of such modified earnings numbers and implications for the interpretation of related accounting research. Our results show that over the past 20 years there has been a dramatic increase in the frequency and magnitude of cases where "GAAP" and "Street" earnings differ. Further, there is a very strong bias toward the reporting of a Street earnings number that exceeds the GAAP earnings number. We also show that the market response to the Street earnings number has displaced GAAP earnings as a primary determinant of stock prices. Finally, through an analysis of earnings releases, we show that management has taken a proactive role in defining and emphasizing the Street number when communicating to analysts and investors. [source]


Analysts' Incentives and Street Earnings

JOURNAL OF ACCOUNTING RESEARCH, Issue 1 2009
BOK BAIK
ABSTRACT We examine whether analysts' incentives are associated with street earnings. Because prior research argues that analysts' incentives to promote stocks increase in the extent to which the stock exhibits glamour characteristics, we predict that analysts are more likely to make income-increasing adjustments in determining street earnings for glamour stocks than for value stocks. We find that analysts are more likely to exclude expense items from street earnings for glamour stocks than for value stocks and that excluded expense items help predict future earnings for glamour stocks but not for value stocks. Overall, our results suggest that analysts' self-interest influences street earnings and this self-interest leads to street earnings that are less useful in predicting future earnings for glamour stocks. [source]