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Greetings to you Healthcare_anon members, who could also be traders: As Upset-weekend has made a publish about SEC 10K/10Q/8K filings and the significance of studying these paperwork, I believed I might offer you a Due Diligence reminder of at all times studying these paperwork as your major supply of economic data. As I’m positive lots of you’ve gotten accomplished, Google has grow to be our major supply of knowledge, and this consists of monetary data. One could go as far as to say that fairly a couple of retail traders will use Google Finance as a technique of doing DD on corporations, however by no means really learn the 10K/10Q/8K. I’m right here to inform you how inappropriate and improper that’s, as Google finance shouldn’t be solely fallible, however could also be falsifiable and carries market weight. This concern was found through the course of offering you all with High quality DD inside the previous 3 weeks. As ordinary, our disclaimers, however on this case, be at liberty to disseminate the data as you see match, as this has public utility worth: *** This isn’t monetary recommendation, neither is there any monetary recommendation inside. Shout-out to the AMC/GME apes for having me to write down this *** As this publish can be coping with LOTS of images minimize and paste, I believed I might add the conclusion first, and also you guys can learn the complete physique beneath. Total conclusion: We now imagine there are vital errors inside Google Finance reporting, which many retail traders take at face worth (together with myself, till 05/03/24). When reviewing the disclaimers on Google finance, we see the next: Not one of the information and knowledge constitutes funding recommendation (whether or not basic or custom-made). The monetary merchandise or operations referred to in such information and knowledge will not be appropriate to your funding profile and funding targets or expectations. It’s your duty to contemplate whether or not any monetary product or operation is appropriate for you based mostly in your pursuits, funding targets, funding horizon and threat urge for food. Google shall not be chargeable for any damages arising from any operations or investments in monetary merchandise referred to inside. Google doesn’t advocate utilizing the info and knowledge offered as the one foundation for making any funding choice. Knowledge is offered by monetary exchanges and different content material suppliers and could also be delayed as specified by monetary exchanges or different information suppliers. Google doesn’t confirm any information and disclaims any obligation to take action (emphasis added/mine). Google, its information or content material suppliers, the monetary exchanges and every of their associates and enterprise companions (A) expressly disclaim the accuracy, adequacy, or completeness of any information and (B) shall not be chargeable for any errors, omissions or different defects in, delays or interruptions in such information, or for any actions taken in reliance thereon. Neither Google nor any of our data suppliers can be chargeable for any damages referring to your use of the data offered herein. As used right here, “enterprise companions” doesn’t discuss with an company, partnership, or three way partnership relationship between Google and any such events. Now that I carry this data, I felt compelled to let all readers of this subreddit know to do your personal DD and by no means belief something from the web. Solely use verifiable supply every time attainable, and for monetary data, 10Ks are the perfect. We imagine there’s substantial reporting errors for ALHC on Google finance, and though we aren’t positive whether or not this materially impacted the inventory conduct on 05/03/24, we’re positive there’s affect in investor choice making – as many retail people depend on Google finance for monetary data. Contemplating the disclaimer added inside the very tiny small field beneath the ocean of knowledge, which you could click on to increase, we imagine you should be very cognizant of your dangers of investing, and to know the essential GAAP and non-GAAP terminologies given. We imagine that Google Finance will make the most of non-GAAP adjusted EPS and GAAP EPS interchangeably, and due to this fact you’re required to do your personal analysis. Because of variety of footage limitations, this publish can be divided into a number of elements. Now it’s possible you’ll go forward and skim the physique of the explanation why the conclusion is drawn: Alignment Healthcare (ALHC) On 05/03/24, Alignment Healthcare (ALHC) inventory value rose by ~ 25%, as will be seen: This appeared odd, as ALHC really had EPS worse than anticipated, though income did rise. Due to this fact, one thing felt very off. We’re positive Google Finance is utilizing GAAP EPS based mostly on web and never through adjusted EBITDA, contemplating the constancy to 23Q2 numbers, nonetheless we can’t be positive because the numbers are so off. Snapshot was taken on the day after ALHC earnings, which reveals Google Finance’s projection of ALHC’s anticipated EPS, anticipated revenues, reported EPS and reported revenues. This Google question was taken on 05/03/24 @ 10:35PM EST, as seen with snapshot. No alterations have been made for this snapshot. Snapshot included 23Q2 all the way in which till 24Q1. We’ll now overview all 10Qs to overview the accuracy of Google Finance information. All of the beneath snapshots have been taken straight from ALHC 10Q/8K reviews, with the related hyperlinks offered: 23Q2: https://ir.alignmenthealth.com/static-files/03254885-5a4b-4fa5-b7fe-b2b6a10d1505 Vs Google Finance – income is right. EPS is inaccurate, and ought to be a shock of -15% (-0.13 anticipated vs -0.15 reported) 23Q3: https://ir.alignmenthealth.com/static-files/6c7d5d78-8fe9-481c-9f4e-8ccbe1a807f9 Vs Google Finance – income is right. EPS is shut sufficient and is comparatively acceptable. 23Q4 – utilizing 8K since 10K is a full 12 months report. https://ir.alignmenthealth.com/static-files/7c71665c-4999-4f21-b9fc-f537a9626531 Vs. Google Finance – income right. EPS is inaccurate and ought to be -47.1% shock (-0.17 anticipated vs -0.25 reported). 24Q1: https://ir.alignmenthealth.com/static-files/47d5a0fe-f3c9-4225-bf61-518a6c721fcd Vs Google finance: income is right. EPS is inaccurate, and ought to be -56.25% shock (-0.16 anticipated vs -0.25 reported). Thanks for studying right through. Because of picture quantity limitations, this publish can be divided into 3 elements. Please see half 2 subsequent. Sincerely Moocao submitted by /u/Moocao123 to r/Healthcare_Anon |