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
“Nexa numbers included everywhere. Johannes Grunselius (Analysts): Okay. Okay. That's good. Also I wonder about, yes, forecast here. You referred to consensus estimates. I think there are a handful of analysts covering this company. But I guess your own sort of forecasting is aligned with consensus…”Boliden AB (publ) (NEXA) — earnings call, August 27, 2026