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Earnings Recast

What is 'Earnings Recast'

The act of amending and re-releasing a previously released earnings statement, with specified intent. Some of the most typical reasons for recasting earnings are to show the impact of a discontinued business or to separate out earnings-related events that are deemed to be non-recurring or otherwise non-representative of normal business earnings.

Also known as an "earnings restatement".

Explaining 'Earnings Recast'

An earnings recast or restatement is usually done to several years of income statements, depending on how far back the recasting goes. This benefits investors by making the earnings statement more useful for research and analysis. Information regarding any earnings recast released by a publicly traded company should be stated in the footnotes for the earnings report.


Further Reading


The stock market valuation of earnings and book value across international accounting systems.
elibrary.ru [PDF]
… The main hypotheses are based on three accounting themes relating to the stock market valuation of hook value and earnings: (1) the relative … often discussed in terms of these three accounting themes, the key step in the development of the hypotheses is the recasting of these …

Do supplementary sales forecasts increase the credibility of financial analysts' earnings forecasts?Do supplementary sales forecasts increase the credibility of financial analysts' earnings forecasts?
meridian.allenpress.com [PDF]
… The main hypotheses are based on three accounting themes relating to the stock market valuation of hook value and earnings: (1) the relative … often discussed in terms of these three accounting themes, the key step in the development of the hypotheses is the recasting of these …

Financial statement recasting and credit risk assessmentFinancial statement recasting and credit risk assessment
onlinelibrary.wiley.com [PDF]
… The main hypotheses are based on three accounting themes relating to the stock market valuation of hook value and earnings: (1) the relative … often discussed in terms of these three accounting themes, the key step in the development of the hypotheses is the recasting of these …

A temporal analysis of quarterly earnings thresholds: Propensities and valuation consequencesA temporal analysis of quarterly earnings thresholds: Propensities and valuation consequences
meridian.allenpress.com [PDF]
… The main hypotheses are based on three accounting themes relating to the stock market valuation of hook value and earnings: (1) the relative … often discussed in terms of these three accounting themes, the key step in the development of the hypotheses is the recasting of these …

Audit quality and properties of analyst earnings forecastsAudit quality and properties of analyst earnings forecasts
meridian.allenpress.com [PDF]
… The main hypotheses are based on three accounting themes relating to the stock market valuation of hook value and earnings: (1) the relative … often discussed in terms of these three accounting themes, the key step in the development of the hypotheses is the recasting of these …

Loss function assumptions in rational expectations tests on financial analysts' earnings forecastsLoss function assumptions in rational expectations tests on financial analysts' earnings forecasts
www.sciencedirect.com [PDF]
… The main hypotheses are based on three accounting themes relating to the stock market valuation of hook value and earnings: (1) the relative … often discussed in terms of these three accounting themes, the key step in the development of the hypotheses is the recasting of these …

A re-examination of analysts' superiority over time-series forecasts of annual earningsA re-examination of analysts' superiority over time-series forecasts of annual earnings
link.springer.com [PDF]
… The main hypotheses are based on three accounting themes relating to the stock market valuation of hook value and earnings: (1) the relative … often discussed in terms of these three accounting themes, the key step in the development of the hypotheses is the recasting of these …

Fair value accounting and gains from asset securitizations: A convenient earnings management tool with compensation side-benefitsFair value accounting and gains from asset securitizations: A convenient earnings management tool with compensation side-benefits
www.sciencedirect.com [PDF]
… The main hypotheses are based on three accounting themes relating to the stock market valuation of hook value and earnings: (1) the relative … often discussed in terms of these three accounting themes, the key step in the development of the hypotheses is the recasting of these …



Q&A About Earnings Recast


Why would a company have to re-state their earnings?

A company may have to restate its earnings if it has made an error in reporting or if it has found additional information that needs to be included in the report.

When is an earning recast released?

An earning recast will usually be released with quarterly reports, but can also be issued with other types of reports as well.

How does an earning recasts affect investors and analysts?

Investors and analysts are affected by earning recasts because they can change how much money they make on stocks that they own or follow closely.

What is Earnings Recast?

The act of amending and re-releasing a previously released earnings statement, with specified intent.

What should be stated in the footnotes for the earnings report?

Information regarding any earnings recast released by a publicly traded company should be stated in the footnotes for the earnings report.

Why would a company amend their earnings report?

Some of the most typical reasons for recasting earnings are to show the impact of a discontinued business or to separate out earnings-related events that are deemed to be non-recurring or otherwise non-representative of normal business earnings.

How does an Earnings Recast benefit investors?

It benefits investors by making the earnings statement more useful for research and analysis.

What is earnings recast?

Earnings recast refers to the re-statement of a company's financial results.

Where can you find information regarding any Earnings Recasts released by a publicly traded company?

Information regarding any Earnings Recasts released by a publicly traded company should be stated in the footnotes for the earnings report.

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