RE:RE:AcuityAds Earnings: What to Watch on Wednesday
They aren't very slow to catch the train. They deliberately sand bag estimates because what good does it do for a company to cut it so razor thin in your estimate that Having a beat on free cash flow conversion (most importantly right now with a june 2022 rate rise, and a nov 2022 rate rise getting priced in, plus tapering priced in), and a beat on top and bottom line growth looks good, misses look bad, simple as that. Companies in the sort of position acuity are in right now don't tend to like misses. They want beats. It also gives room for error, if they don't low ball data for analysts and try to exactly predict results, there's a good chance they have small misses. Then next earnings, investor confidence is weakened, on average.