Sentences with phrase «adjusted earnings»

Adjusted earnings per diluted share were $ 3.34 compared to adjusted earnings per diluted share of $ 3.77 in the prior fiscal year.

Adjusted earnings per diluted share were $ 2.02 compared to adjusted earnings per diluted share of $ 2.38 in the prior - year quarter.

I call my growth metric G10, because otherwise it's a massive mouthful to say that it's the average of the 10 year growth of revenues, adjusted earnings and dividends, where the adjusted earnings growth is calculated as the growth between the latest 3 year average and the 3 year average from 7 years ago.

The reason for this is that I'm looking to measure growth over time, so I need a reasonably smooth and less volatile number to measure, and adjusted earnings tend to be less volatile than basic earnings.

TOL's adjusted earnings doubled in fiscal 2014 and revenues per share up... Read More

By looking at adjusted earnings instead of basic earnings we can get a clearer picture of what the company is actually doing, and how the earnings power may be changing through the years.

This company has 30 consecutive years of increasing adjusted earnings and 52 consecutive years of dividend increases.

For ease, we chose the cyclically adjusted earnings yield as the valuation metric, which is just the reciprocal of the Shiller PE.

Price earnings ratio is based on average inflation - adjusted earnings from the previous 10 years, known as the Cyclically Adjusted PE Ratio (CAPE Ratio), Shiller PE Ratio, or PE 10 — FAQ.

Historically, when the cyclically adjusted earnings yield is 2 - 3 percentage points above the 10 - year treasury yields, the S&P 500 index returns 58 % in real terms during the following 10 - year period.

Trouble is, UDG Healthcare's one of those suspect Irish stocks (which shall remain nameless here) which consistently report a significant gap between IFRS & adjusted earnings, and (perhaps more importantly) between adjusted operating profit & underlying Op FCF... so which figures exactly should one focus on when attempting a valuation?!

Over the past century or so, the stock market has, on average, been about 16 times cyclically - adjusted earnings.

ACR believes that today's historically high valuations of over 30x cyclically adjusted earnings could produce significantly lower future market returns.

Adjusted earnings peaked in January 2007.

Like the non-inflation adjusted earnings, inflation - adjusted earnings peaked at the same time as the S&P 500.

Inflation - adjusted earnings bottomed in December 1991.

All I know is that the market is not worth anywhere close to the current 19.8 times 2013E adjusted earnings of 80.61.

-LSB-...] here to read earlier articles on Asness, AQR's Value Strategies In Practice or On The Great Shiller PE Controversy: Are Cyclically - Adjusted Earnings Below The Long - Term -LSB-...]

The cyclically adjusted earnings used in the Shiller PE are presently $ 68, so $ 70 is well within the margin of error.

10 years of record adjusted earnings.

CAPE, or its inverse, the cyclically adjusted earnings yield plotted in Figure 2, captures equity prices relative to a smoothed economic anchor.

After reading it I thought, «Geez, as much as I like discussing cyclically adjusted earnings, this is a boring read.»

From the «Adjusted Earnings» disease to privately funding and valuing Unicorns, to the («alleged») Theranos fraud, to zero covenant lending, to the spectacle of Elon Musk and Tesla.

For the purpose of assessing the Group's performance, Total Produce management believes that adjusted EBITA, adjusted profit before tax and adjusted earnings per share (Note 6) are the most appropriate measures of the underlying performance of the Group.

Sales grew 2.7 % compared to the prior - year quarter, and adjusted earnings per share increased by roughly 4 %.

The company currently has a 3.1 % dividend yield and a payout ratio of 62.2 % (using adjusted earnings).

Using adjusted earnings, General Mills is currently trading for a price - to - earnings ratio of 20.1.

But investors are perhaps to blame also... Unless risk - aversion really sets in, too many investors seem happy to simply focus on adjusted earnings / growth, ignore the B / S, and to hell with cashflow!

Historically, nominal GDP growth, corporate revenues, and even cyclically - adjusted earnings (filtering out short - run variations in profit margins) have grown at about 6 % annually over time.

I've been giving Robert Shiller's cyclically - adjusted price earnings ratio a run on Greenbackd recently (see 73 - Year Chart Comparing Estimated Shiller PE Returns to Actual Returns, On The Great Shiller PE Controversy: Are Cyclically - Adjusted Earnings Below The Long - Term Trend?

Click here to read earlier articles on Asness, AQR's Value Strategies In Practice or On The Great Shiller PE Controversy: Are Cyclically - Adjusted Earnings Below The Long - Term Trend?.

Earlier this week I posted about the current controversy around the cyclically - adjusted earnings in the Shiller PE, most notably the contention that the real earnings used in the Shiller PE are lower than they would otherwise be because of two serious earnings recessions.

adjusted earnings, annual reports, blind stock valuation, bloggers, chickens, exceptionals, gypsies, intrinsic value, P / E ratio, Warren Buffett

When faced with constant restructuring / writedowns, adjusted earnings are meaningless.

Revenues rose 6.6 %, and diluted adjusted earnings of 45.16 cts were up 4 % (or 11 % on an underlying basis).

This number is based on Rober Shiller's data evaluating The average inflation - adjusted earnings from the previous 10 years.

Exhibit 2 shows the cyclically adjusted earnings yield of the S&P 500, calculated by taking 10 years of inflation - adjusted per - share earnings and dividing it by price (the inverse of the famous Shiller price - to - earnings ratio).

The U.S. stock market's cyclically - adjusted earnings yield is around 4 % while the 30 - year TIPS yields less than 1 %.

The chart below shows the per - share inflation - adjusted earnings of the S&P 500 as well as its 10 - year moving average.

During the dot - com bubble, the cyclically - adjusted earnings yield of the market fell to a little over 2 % while 30 - year Treasury Inflation - Protected Securities yielded over 4 %.

Accordingly, if the 10 - year Treasury is yielding 2.3 %, then a CAPE multiple of 32, which corresponds to a cyclically adjusted earnings yield (CAEY) of 3.1 %, is cheap.

Uses as reported earnings as opposed to operating earnings (S&P's proprietary adjusted earnings for unusual items; Graham generally excluded unusual items)

Imperfect as it is, it guides the way we react to quarterly releases of adjusted earnings.

On The Great Shiller PE Controversy: Are Cyclically - Adjusted Earnings Below The Long - Term Trend?

And when companies attempt to show adjusted earnings that are liberal, it is no surprise when the market rejects their presentation, and the stock goes down.

On a cyclically adjusted earnings basis (where profits are averaged over the prior decade), the average cyclically adjusted P / E ratio following periods of poor long - term returns was 12.

I took the average of the past ten years of inflation adjusted earnings and compared it to yesterday's closing stock price for all publicly traded stocks.

But using adjusted earnings shows that the stock is actually rather cheap.

* The cyclically adjusted price / earnings ratio championed by Shiller, calculated by dividing the S&P 500 by its average inflation - adjusted earnings per share over the past decade.

This number is based on Robert Shiller's data evaluating the average inflation - adjusted earnings from the previous 10 years.