Beat & Miss
A 'beat' means reported revenue or EPS came in above analyst consensus estimates; a 'miss' means below. Because stock prices already embed the consensus, the beat-or-miss relative to expectations — not the absolute number — usually drives the immediate post-earnings reaction.
Seen in a real earnings call
“…hear you. Dilip Pal (Executives): Excellent. So let me begin by thanking you all, all the analysts who shared their consensus estimates ahead of the close period, as you know, this is one rituals we do. And we truly, truly appreciate your continued engagement of [indiscernible…”Safaricom PLC (SCOM) — earnings call, September 16, 2026