3 Stocks Reporting Kitchen Sink Quarters to Usher in a Turnaround
Boeing(BA) MarketBeat·2024-10-29 21:15
During earnings season, some companies will purposely release very bearish earnings reports, disclosing all the bad news at once. These are referred to as ‘kitchen sink’ quarters, where they "throw out everything but the kitchen sink." Companies will lay all their cards on the table without any sugar coating. They do this for transparency purposes and to control the narrative in an attempt to reset expectations by lowering the bar moving forward. In most cases, the stock will initially collapse but may set ...