Movie rental company Netflix announced first quarter 2009 earnings of $32 million, on revenue growth of 21
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REQUIRED:
a. What is a consensus forecast?
b. Why are companies concerned about meeting or beating the consensus forecast?
c. What strategies can companies use to help meet or beat the forecasts, and why might those who analyze financial statements be concerned?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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a A consensus earnings forecast is the most common or average earnings forecast by Wall Street analy...View the full answer
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