Also, when does CurFYEPS4WkAgo switch to the next year?
As I recall, it happens in the fourth fiscal quarter. When that happens on the calendar is going to vary by company.
CurFYEPS4WkAgo is going to switch at the same time. We’re taking readings of the same time series from the past, so it should always match.
Ok great makes sense thanks
So just to confirm, if a company’s fiscal year end is Dec 31, 2019, then on Jan 1, 2020, the CurFYEPSMean will switch over to Dec 31, 2020?
The switch happens on the period end date, not the filing date for that period (~90 days later)?
It will switch on the filing date. Technically, I think that it might have something to do with the underlying analysts initiating a new next fiscal year estimate, but we don’t have that sort of visibility on our end. (We get the numbers fully calculated from S&P Estimates.)
OK but if you use the CurFYEPS4WkAgo, and the 4 week period straddles the filing date, which year will it reflect?
For example, its Feb 28, 2019, and the S&P database switches the “Current Fiscal Year” from 2018 to 2019 on Feb 20, 2019 (some sort of analyst filing date). If I compare CurFYEPSMean with CurFYEPS4WkAgo, the CurFYEPSMean will be looking at the 2019 Fiscal Year, while the CurFYEPS4WkAgo will be looking at the 2018 Fiscal Year? And hence the comparison will not be apples to apples.
It will reflect the same date as CurFYEPS4WkAgo. That is, it’s the same estimate for the same period. The whole series changes/updates.
There’s usually a history for estimates well in the future. You need to project out five years to give a five year price projection, after all. There’s no reason that S&P Estimates wouldn’t have those years saved as well, but not reveal them either in general (or just at our contract level).
Ok thanks