Guidance held / reaffirmed
Guidance raised
state: guidance held — no re-rating, multiple stays cheap
Why a beat into a pre-cut estimate bar fails to re-rate the stock
street pre-cuts the estimate bar
≈90 days before the print
original estimate
the lowered bar to clear
EPS print
beat
slim beat clears the lowered bar
print still far below the original bar
beat reaches the gate
guidance
cheap
expanded
forward multiple
re-rates
stock lifts
no re-rating
multiple stays cheap
stock slips
pullback = de-rating of decelerating growth
a re-rate needs a trajectory reset — not just a beat