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Core Earnings: New Constructs' David Trainer on Earnings Distortions with Tobias Carlisle on The Acquirers Podcast

The Acquirers Podcast

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Is There a Change in Distortion Over Time?

We've been looking at the difference between cor earnings and simply global operating earnings for a long time, and see a meaningful difference overtime. We want to do it in a little more granular way, where we look at the number of companies overstating compared to analyst consensus numbers. And so we've started to track the percentage of companies that are overstating by ten % or more and understanding by ten percent more. In just the last couple of years, ave only done it for really about eight quarters, we've seen a pretty marked increase. It's potentially a governent's ffect e, the truth in reporting, or something like that. Agreed? Agreed.

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