03-21-2016, 10:29 AM
(03-21-2016, 09:30 AM)DividendGarden Wrote: I completely agree. What I ended up doing for the sake of time is just deciding on a site or two that I trust and only using the EPS number that they report. Primarily, I use the EPS that David Fish's CCC list reports and just know that it's from Finviz.com and is just gaap EPS. Knowing the limitations of gaap, I am okay with this.
I more or less stick with GAAP, but make mental note of things that I think truly are "one-off."
Here is another interesting blurb, with an interesting graph about the "GAAP gap." I think this is needlessly alarmist, suggesting that we've returned to 2008 crisis levels of divergence between GAAP and "adjusted" earnings. I don't think the graph even shows that. But interesting nonetheless.