When we hear about companies “beating” earnings expectations, pls keep in mind that these expectations do NOT represent true market expectations.
These are intentionally low-balled numbers from the Sell-Side analysts which were trained for decades to accommodate their covered companies with easy target.
This hypocritical game of Wall Street flattery still goes on.
And, yes, that practise, reflecting conflicted objectives of Sell Side brokers, is a misservice to both retail and institutional investors …
