Positive or negative differences from the consensus forecast of earnings by institutions such as First Call or I.B.E.S. Negative earnings surprises generally have a greater adverse affect on stock prices than the reciprocal positive earnings surprise on stock prices.
EARNINGS SURPRISES
Meaning of EARNINGS SURPRISES in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012