Earnings Recast


DEFINITION of 'Earnings Recast'

The act of amending and re-releasing a previously released earnings statement, with specified intent. Some of the most typical reasons for recasting earnings are to show the impact of a discontinued business or to separate out earnings-related events that are deemed to be non-recurring or otherwise non-representative of normal business earnings.

Also known as an "earnings restatement".

BREAKING DOWN 'Earnings Recast'

An earnings recast or restatement is usually done to several years of income statements, depending on how far back the recasting goes. This benefits investors by making the earnings statement more useful for research and analysis. Information regarding any earnings recast released by a publicly traded company should be stated in the footnotes for the earnings report.

  1. Earnings Per Share - EPS

    The portion of a company's profit allocated to each outstanding ...
  2. Earnings Announcement

    An official public statement of a company's profitability for ...
  3. Earnings Estimate

    An analyst's estimate for a company's future quarterly or annual ...
  4. Earnings Surprise

    Occurs when a company's reported quarterly or annual profits ...
  5. Consensus Estimate

    A figure based on the combined estimates of the analysts covering ...
  6. Earnings

    The amount of profit that a company produces during a specific ...
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