A measure of the earnings of a company that adds the interest expense, depreciation and amortization back to the net income number, but takes the tax expense into consideration. This measure is not as well known or used as often as its counterpart, earnings before interest, taxes, depreciation and amortization (EBITDA). Taobiz explains Earnings Before Interest, Depreciation And Amortization - EBIDA EBIDA is considered to be a more conservative valuation measure than EBIDTA because it includes the tax expense in the earnings measure. The EBIDA measure removes the assumption that the money paid in taxes could be used to pay down debt, an assumption made in EBIDTA. This debt payment assumption is made because interest payments are tax deductible, which, in turn, may lower the company's tax expense, giving it more money to service its debt. EBIDA, however, does not make the assumption that the tax expense can be lowered through the interest expense and, therefore, does not add it back to net income.
An indicator of a company's financial performance calculated as: = Revenue - COGS - Expenses (including taxes and excluding interest) Taobiz explains Earnings Before Interest After Taxes - EBIAT This is one variation of Earnings Before Interest & Tax - EBIT.
An indicator of a company's profitability, calculated as revenue minus expenses, excluding tax and interest. EBIT is also referred to as "operating earnings", "operating profit" and "operating income", as you can re-arrange the formula to be calculated as follows: EBIT = Revenue - Operating Expenses Also known as Profit Before Interest & Taxes (PBIT), and equals Net Income with interest and taxes added back to it. Taobiz explains Earnings Before Interest & Tax - EBIT In other words, EBIT is all profits before taking into account interest payments and income taxes. An important factor contributing to the widespread use of EBIT is the way in which it nulls the effects of the different capital structures and tax rates used by different companies. By excluding both taxes and interest expenses, the figure hones in on the company's ability to profit and thus makes for easier cross-company comparisons. EBIT was the precursor to the EBITDA calculation, which takes the process further by removing two non-cash items from the equation (depreciation and amortization).
An analyst's estimate for a company's future quarterly or annual earnings. Taobiz explains Earnings Estimate Analysts use forecasting models, management guidance, and fundamental information on the company in order to derive an estimate.
A conference call between the management of a public company, analysts, investors and the media to discuss the financial results during a given reporting period such as a quarter or a fiscal year. An earnings call is usually preceded by an earnings report, which contains summary information on financial performance for the period. Taobiz explains Earnings Call The term "earnings call" is a combination of a company's report of "earnings" - i.e. its net income or earnings per share - and the conference call to discuss results. The term "earnings call" is generally taken to mean a periodic call wherein management discusses financial performance for a period, regardless of whether the company actually has earnings or not. The vast majority of listed companies host earnings calls to discuss their financial results, although small companies with minimal investor interest may be the exception to the rule. Many companies provide a phone recording or presentation of the earnings call on their corporate websites for a number of weeks after the actual call, making it possible for investors who could not log-in to the call to access this information.
An indicator of a company's financial performance calculated as: = Revenue - Expenses (excluding tax) Taobiz explains Earnings Before Tax - EBT EBT provides a level measure to compare companies in different tax jurisdictions.
An indicator of a company's financial performance calculated as: = Revenue - Expenses (excluding tax, interest, depreciation, depletion, amortization and exploration expenses) Taobiz explains Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses - EBITDAX EBITDAX is used when reporting earnings for oil and mineral exploration companies. It excludes costly exploration expenses and gives the true EBITDA of the firm. This is especially useful when a company wants to acquire another company. The EBITDAX would cover any loan payments needed to finance the takeover.
When corporate earnings per share (EPS) growth is accelerating or decelerating from the prior fiscal quarter or fiscal year. Earnings momentum typically coincides with accelerating revenues and/or expanding margins caused by increased sales, cost improvements or overall market expansion. Taobiz explains Earnings Momentum Because of the quarterly reporting system required by the SEC, most earnings momentum analysis will rely on quarterly data, as the smaller reporting period can highlight momentum more clearly if it exists. Investors are always on the lookout for positive earnings momentum, as it will usually propel a stock price higher over time, depending on how anticipated the momentum is. Earnings multiples (as in the P/E ratio) are the foundation for most stock prices, and if earnings are increasing at a faster clip than expected, then current multiples can quickly appear too low. As a result, investors will bid up the stock to reach a new level of equilibrium. On the other hand, if earnings momentum falls away, the price of the underlying stock may drop despite the fact that earnings as a whole are still increasing.
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