The announcement of earnings by a company will decrement the FPI variable by 1 in all IBES records for that company and that fiscal period which is dated after the announcement date (e.g., REVDATS > ANNDATS). For example, estimates in Jan. 2002 for FY 2002 (assume the calendar year = the fiscal year) will have an FPI value of "2" if FY 2001 earnings have not yet been announced. Once earnings for FY 2001 are announced (say, in Feb. 2002), the records for FY 2002 estimates would have an FPI value of "1" for all Review Dates (REVDATS) after the announcement date. No other variable values are affected by earnings announcements, however.
Articles in this section
- Joining IBES Adjustment Split Factor with the Detail History File
- What does a "0" Code for an Analyst represent?
- Getting LTG Estimates from IBES
- Data Item "actual EPS": Reported or Restated Data
- ADRs and Canadian Firms Covered in IBES
- IBES Estimate Flag (ESTFLAG)
- Distinguishing between Investment Bank Firms and "Independent Research" Firms
- Finding Information about the Number of Shares Outstanding (IBES)
- Converting IBES Industry Codes to SIC Codes
- Meaning of the Analyst Codes in IBES International Data