First Call

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DEFINITION of 'First Call'

A company that gathers research notes and earnings estimates from brokerage analysts. The estimate is compared to the actual reported earnings, and then the difference between the two is the earnings surprise.

INVESTOPEDIA EXPLAINS 'First Call'

The First Call estimate is often quoted by the financial media for its consensus estimate of a company's earnings.

The other main player in the estimates game is Zacks.

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