Earnings Surprise
When the earnings reported in a company's quarterly or annual report are above or below analysts' earnings estimates.
Investopedia Commentary
Company earnings are watched closely by many analysts and investors. When a positive earnings surprise occurs, share price will usually increase. A negative earnings surprise will usually result in a decline in share price.
Related Links
Earnings Guidance: The Good, The Bad And Good Riddance?
Whisper Numbers: Should You Listen?
Everything You Need To Know About Earnings
See also: Analyst, Earnings, Earnings Estimate, Institutional Brokers' Estimate System - IBES
earnings surprise