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…