Labeling of estimates and change of reporting period

Consensus estimates are available for 4 relative reporting periods labeled FY0, FY1, FY2 and FY3. Those estimates periods do not depend on the selected company’s fiscal year end.

For example, between July 2018 and June 2020, the 4 estimates periods available are:

• FY0, corresponding to 2018
• FY1, corresponding to 2019
• FY2, corresponding to 2020
• FY3, corresponding to 2021

FY0 estimates are replaced by FY0 actuals depending on the company’s fiscal year end date and the financials results publication date.

• For many companies, the fiscal year begins in January and ends in December, it is then identical to the calendar year. In this case, FY0 corresponds to the estimates for the 2018 reporting period until final results are published, around Feb-Apr 2019. After that date, estimates become actuals and the 2018 (e) label is changed to 2018 (a).
• If the company's fiscal year ends in March, then the 2018 fiscal year ends on 31 Mar 2019. FY0 estimates will be replaced by actuals after April 2019; if the company's fiscal year ends in June, then the 2018 fiscal year ends on 30 Jun 2019. FY0 estimates will be replaced by actuals after July 2019.
• If the company's fiscal year ends in September, then the 2018 fiscal year ends on 30 Sep 2018. FY0 estimates will be replaced by actuals after October 2019.

In July 2019, after the estimates period switch, FY0 becomes 2019. For some companies with a fiscal year ending in June, it is sometimes necessary to look at FY-1, hence 2018, to access their estimates until audited financials are available on the platform.

The relative period change happens during the first week of July on Infront Analytics. The older period is moved to the estimates history and a new future period is added.