{"id":29813,"date":"2023-12-07T08:42:11","date_gmt":"2023-12-07T08:42:11","guid":{"rendered":"https:\/\/masterskills.org\/blog\/do-chenh-trong-thu-nhap-earnings-surprise-la-gi-dac-diem.html"},"modified":"2023-12-23T06:10:37","modified_gmt":"2023-12-22T23:10:37","slug":"do-chenh-trong-thu-nhap-earnings-surprise-la-gi-dac-diem","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/do-chenh-trong-thu-nhap-earnings-surprise-la-gi-dac-diem.html","title":{"rendered":"\u0110\u1ed9 ch\u00eanh trong thu nh\u1eadp (Earnings Surprise) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m"},"content":{"rendered":"
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(\u1ea2nh minh h\u1ecda: Kiplinger0<\/p>\n<\/figcaption><\/figure>\n

\u0110\u1ed9 ch\u00eanh trong thu nh\u1eadp<\/font><\/b><\/span><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

\u0110\u1ed9 ch\u00eanh\u00a0trong thu nh\u1eadp <\/b>trong ti\u1ebfng Anh l\u00e0 Earnings Surprise<\/b>.\u00a0<\/p>\n

\u0110\u1ed9 ch\u00eanh\u00a0trong thu nh\u1eadp<\/b> x\u1ea3y ra khi m\u1ed9t c\u00f4ng ty b\u00e1o c\u00e1o l\u1ee3i nhu\u1eadn h\u00e0ng qu\u00ed ho\u1eb7c h\u00e0ng n\u0103m cao h\u01a1n ho\u1eb7c th\u1ea5p h\u01a1n k\u00ec v\u1ecdng c\u1ee7a c\u00e1c nh\u00e0 ph\u00e2n t\u00edch.<\/p>\n

C\u00e1c nh\u00e0 ph\u00e2n t\u00edch n\u00e0y l\u00e0 nh\u1eefng ng\u01b0\u1eddi l\u00e0m vi\u1ec7c cho nhi\u1ec1u c\u00f4ng ty t\u00e0i ch\u00ednh v\u00e0 c\u01a1 quan b\u00e1o c\u00e1o, l\u00e0m vi\u1ec7c d\u1ef1a tr\u00ean nh\u1eefng ngu\u1ed3n kh\u00e1c nhau, bao g\u1ed3m c\u00e1c b\u00e1o c\u00e1o h\u00e0ng qu\u00ed ho\u1eb7c\u00a0b\u00e1o c\u00e1o th\u01b0\u1eddng ni\u00ean\u00a0v\u00e0 \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i, c\u0169ng nh\u01b0 d\u1ef1 \u0111o\u00e1n thu nh\u1eadp c\u1ee7a c\u00f4ng ty.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a \u0110\u1ed9 ch\u00eanh trong thu nh\u1eadp<\/font><\/h3>\n

\u0110\u1ec3 t\u1ea1o d\u1ef1 b\u00e1o ch\u00ednh x\u00e1c v\u1ec1 c\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng c\u1ee7a m\u1ed9t c\u1ed5 phi\u1ebfu c\u1ee5 th\u1ec3 c\u1ee7a c\u00f4ng ty, nh\u00e0 ph\u00e2n t\u00edch ph\u1ea3i thu th\u1eadp th\u00f4ng tin t\u1eeb nhi\u1ec1u ngu\u1ed3n.<\/p>\n

H\u1ecd ph\u1ea3i trao \u0111\u1ed5i v\u1edbi qu\u1ea3n l\u00ed c\u1ee7a c\u00f4ng ty, kh\u1ea3o s\u00e1t c\u00f4ng ty, nghi\u00ean c\u1ee9u s\u1ea3n ph\u1ea9m v\u00e0 theo d\u00f5i ch\u1eb7t ch\u1ebd ng\u00e0nh c\u00f4ng nghi\u1ec7p m\u00e0 c\u00f4ng ty \u0111ang ho\u1ea1t \u0111\u1ed9ng.<\/p>\n

Sau \u0111\u00f3, nh\u00e0 ph\u00e2n t\u00edch s\u1ebd t\u1ea1o ra m\u1ed9t m\u00f4 h\u00ecnh to\u00e1n h\u1ecdc v\u00e0 ph\u1ea3n \u00e1nh c\u00e1c d\u1ef1 b\u00e1o ho\u1eb7c k\u00ec v\u1ecdng c\u1ee7a h\u1ecd v\u1ec1 thu nh\u1eadp c\u1ee7a c\u00f4ng ty \u0111\u00f3 trong qu\u00ed t\u1edbi.<\/p>\n

C\u00e1c k\u00ec v\u1ecdng \u0111\u00e3 t\u00ednh to\u00e1n c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c c\u00f4ng ty c\u00f4ng b\u1ed1 tr\u00ean trang web c\u1ee7a m\u00ecnh v\u00e0 s\u1ebd \u0111\u01b0\u1ee3c g\u1eedi t\u1edbi c\u00e1c kh\u00e1ch h\u00e0ng c\u1ee7a nh\u00e0 ph\u00e2n t\u00edch.<\/p>\n

\u0110\u1ed9 ch\u00eanh\u00a0trong thu nh\u1eadp<\/b> x\u1ea3y ra khi m\u1ed9t c\u00f4ng ty b\u00e1o c\u00e1o nh\u1eefng con s\u1ed1 \u0111i ch\u1ec7ch kh\u1ecfi nh\u1eefng d\u1ef1 b\u00e1o \u0111\u00f3.<\/p>\n

\u0110\u1ed9 ch\u00eanh\u00a0trong thu nh\u1eadp c\u00f3 th\u1ec3 c\u00f3 t\u00e1c \u0111\u1ed9ng r\u1ea5t l\u1edbn \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty.<\/i><\/p>\n

M\u1ed9t s\u1ed1 nghi\u00ean c\u1ee9u cho th\u1ea5y nh\u1eefng \u0111\u1ed9 ch\u00eanh t\u00edch c\u1ef1c trong thu nh\u1eadp kh\u00f4ng ch\u1ec9 d\u1eabn \u0111\u1ebfn vi\u1ec7c t\u0103ng gi\u00e1 c\u1ed5 phi\u1ebfu ngay l\u1eadp t\u1ee9c m\u00e0 c\u00f2n l\u00e0m gi\u00e1 t\u0103ng d\u1ea7n theo th\u1eddi gian.<\/p>\n

Do \u0111\u00f3, kh\u00f4ng c\u00f3 g\u00ec \u0111\u00e1ng ng\u1ea1c nhi\u00ean khi m\u1ed9t s\u1ed1 c\u00f4ng ty n\u1ed5i ti\u1ebfng v\u00ec vi\u1ec7c c\u00f3 nh\u1eefng \u0111\u1ed9 ch\u00eanh trong thu nh\u1eadp, \u0111\u00e1nh b\u1ea1i c\u00e1c d\u1ef1 b\u00e1o v\u1ec1 thu nh\u1eadp.<\/p>\n

\u0110\u1ed9 ch\u00eanh ti\u00eau c\u1ef1c trong thu nh\u1eadp th\u01b0\u1eddng s\u1ebd d\u1eabn \u0111\u1ebfn s\u1ef1 s\u1ee5t gi\u1ea3m gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p>\n

\u0110\u1ed9 ch\u00eanh trong thu nh\u1eadp v\u00e0 d\u1ef1 b\u00e1o ph\u00e2n t\u00edch<\/font><\/h3>\n

C\u00e1c nh\u00e0 ph\u00e2n t\u00edch d\u00e0nh m\u1ed9t l\u01b0\u1ee3ng th\u1eddi gian l\u1edbn \u0111\u1ec3 c\u1ed1 g\u1eafng d\u1ef1 \u0111o\u00e1n\u00a0thu nh\u1eadp tr\u00ean m\u1ed7i c\u1ed5 ph\u1ea7n (EPS)\u00a0v\u00e0 c\u00e1c s\u1ed1 li\u1ec7u kh\u00e1c, tr\u01b0\u1edbc khi c\u00e1c c\u00f4ng ty b\u00e1o c\u00e1o k\u1ebft qu\u1ea3 c\u1ee7a h\u1ecd.<\/p>\n

Nhi\u1ec1u nh\u00e0 ph\u00e2n t\u00edch s\u1eed d\u1ee5ng c\u00e1c m\u00f4 h\u00ecnh d\u1ef1 b\u00e1o, v\u00e0 th\u00f4ng tin c\u01a1 b\u1ea3n b\u1ed5 sung \u0111\u1ec3 t\u00ednh \u0111\u01b0\u1ee3c \u01b0\u1edbc t\u00ednh EPS. M\u00f4 h\u00ecnh\u00a0d\u00f2ng ti\u1ec1n chi\u1ebft kh\u1ea5u DCF\u00a0l\u00e0 m\u1ed9t ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 n\u1ed9i t\u1ea1i ph\u1ed5 bi\u1ebfn.<\/p>\n

Ph\u00e2n t\u00edch d\u00f2ng ti\u1ec1n chi\u1ebft kh\u1ea5u DCF s\u1eed d\u1ee5ng c\u00e1c d\u1ef1 b\u00e1o d\u00f2ng ti\u1ec1n t\u1ef1 do trong t\u01b0\u01a1ng lai v\u00e0 chi\u1ebft kh\u1ea5u ch\u00fang th\u00f4ng qua t\u1ec9 l\u1ec7 b\u1eaft bu\u1ed9c h\u00e0ng n\u0103m.<\/p>\n

K\u1ebft qu\u1ea3 c\u1ee7a qu\u00e1 tr\u00ecnh \u0111\u1ecbnh gi\u00e1 l\u00e0 gi\u00e1 tr\u1ecb \u01b0\u1edbc t\u00ednh hi\u1ec7n t\u1ea1i, \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ti\u1ec1m n\u0103ng \u0111\u1ea7u t\u01b0 c\u1ee7a c\u00f4ng ty. N\u1ebfu gi\u00e1 tr\u1ecb \u0111\u1ea1t \u0111\u01b0\u1ee3c th\u00f4ng qua ph\u00e2n t\u00edch d\u00f2ng ti\u1ec1n chi\u1ebft kh\u1ea5u DCF cao h\u01a1n chi ph\u00ed hi\u1ec7n t\u1ea1i cho \u0111\u1ea7u t\u01b0, th\u00ec \u0111\u00e2y c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 t\u1ed1t.<\/p>\n

D\u00f2ng ti\u1ec1n chi\u1ebft kh\u1ea5u DCF \u0111\u01b0\u1ee3c t\u00ednh nh\u01b0 sau:<\/b><\/p>\n

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\n<\/figcaption><\/figure>\n

Trong b\u00e1o c\u00e1o c\u1ee7a c\u00f4ng ty, ph\u1ea7n\u00a0th\u1ea3o lu\u1eadn v\u00e0 ph\u00e2n t\u00edch c\u1ee7a ban l\u00e3nh \u0111\u1ea1o (MD&A)\u00a0cung c\u1ea5p t\u1ed5ng quan chi ti\u1ebft v\u1ec1 c\u00e1c ho\u1ea1t \u0111\u1ed9ng c\u1ee7a giai \u0111o\u1ea1n tr\u01b0\u1edbc, c\u00e1ch th\u1ee9c c\u00f4ng ty th\u1ef1c hi\u1ec7n t\u00e0i ch\u00ednh v\u00e0 c\u00e1ch qu\u1ea3n l\u00ed d\u1ef1 ki\u1ebfn \u0111\u1ec3 c\u00f4ng ty ph\u00e1t tri\u1ec3n trong k\u00ec b\u00e1o c\u00e1o s\u1eafp t\u1edbi.<\/p>\n

C\u00e1c th\u1ea3o lu\u1eadn v\u00e0 ph\u00e2n t\u00edch c\u1ee7a ban l\u00e3nh \u0111\u1ea1o s\u1ebd \u0111i s\u00e2u v\u00e0o nh\u1eefng l\u00ed do c\u1ee5 th\u1ec3 \u0111\u1eb1ng sau c\u00e1c kh\u00eda c\u1ea1nh t\u0103ng tr\u01b0\u1edfng ho\u1eb7c suy gi\u1ea3m c\u1ee7a c\u00f4ng ty tr\u00ean\u00a0b\u00e1o c\u00e1o thu nh\u1eadp, b\u1ea3ng c\u00e2n \u0111\u1ed1i v\u00e0\u00a0b\u00e1o c\u00e1o l\u01b0u chuy\u1ec3n ti\u1ec1n t\u1ec7.<\/p>\n

Ban qu\u1ea3n l\u00ed c\u0169ng th\u01b0\u1eddng xuy\u00ean s\u1eed d\u1ee5ng ph\u1ea7n MD&A \u0111\u1ec3 th\u00f4ng b\u00e1o c\u00e1c m\u1ee5c ti\u00eau v\u00e0 c\u00e1ch ti\u1ebfp c\u1eadn s\u1eafp t\u1edbi cho c\u00e1c d\u1ef1 \u00e1n m\u1edbi, c\u00f9ng v\u1edbi b\u1ea5t k\u00ec s\u1ef1 thay \u0111\u1ed5i n\u00e0o trong \u0111i\u1ec1u h\u00e0nh v\u00e0 tuy\u1ec3n d\u1ee5ng.<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n \u0110\u1ed9 ch\u00eanh trong thu nh\u1eadp (ti\u1ebfng Anh: Earnings Surprise) x\u1ea3y ra khi m\u1ed9t c\u00f4ng ty b\u00e1o c\u00e1o l\u1ee3i nhu\u1eadn h\u00e0ng qu\u00ed ho\u1eb7c h\u00e0ng n\u0103m cao h\u01a1n ho\u1eb7c th\u1ea5p h\u01a1n k\u00ec v\u1ecdng c\u1ee7a c\u00e1c nh\u00e0 ph\u00e2n t\u00edch.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29813"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=29813"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29813\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=29813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=29813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=29813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}