Q: hello 5i:
in a recent reply to a question on ATS, you said earnings for March 2023 were $1.62. But, here's a copy and paste from the corporate website:
Adjusted basic earnings per share1 increased 3.0% year over year to $2.37.
Can you clear up the discrepancy please?
And, with estimates of '24 being 2.68 to 2.69, this would give a much slower growth rate than you're projecting (13.5% yoy)
thanks
Paul L
in a recent reply to a question on ATS, you said earnings for March 2023 were $1.62. But, here's a copy and paste from the corporate website:
Adjusted basic earnings per share1 increased 3.0% year over year to $2.37.
Can you clear up the discrepancy please?
And, with estimates of '24 being 2.68 to 2.69, this would give a much slower growth rate than you're projecting (13.5% yoy)
thanks
Paul L
5i Research Answer:
Companies will report their own adjusted earnings, but analysts use their own adjustments, especially in areas such as non-cash stock based expenses. Since it is analysts' consensus that tends to drive stock prices, we prefer to use analysts' numbers over company numbers, to reflect these various adjustments that analysts make.