Simple Equity - Not getting - Pg 446 -- % Surprise

CFA Level II
#1

Looking at example 38 and trying to figure out how they got %surprise. I’m not sure why I’m wrong on this.

What I’m using is %SUprise = Unexpectred earnings / E(EPSt)

For the first row in the table of Exxon Mobile — they have %Surprise = 0.88%

I get —> %surprise = (1.79 - 1.77) / 1.77 = 1.29%

Where am I going wrong with this?

Makes no sense…

thanks

#2

I don’t have hardcopy – what reading is this?

#3

Price Multiples — Reading 35.

I cant believe I’m getting it wrong and it’s just annoying me now…somebody please…HELP.

Thanks in advance.

#4

The book is wrong. All of those percentages are messed up, don’t worry about it

#5

thanks…