Forward earnings are the profits analysts expect a company to make over the next 12 months. They are a forecast, not history.
「预期盈利／远期盈利」
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance 「预期盈利／远期盈利」 · 第 5 张术语卡 | Nvidia trades at about 16.5 times 12-month forward earnings — the 16.5 comes from dividing today’s share price by that forecast. 倍数怎么算：股价 ÷ 每股预期盈利。用预期盈利算出来的叫 forward P/E（远期市盈率），用过去盈利算出来的叫 trailing P/E。前者是市场对未来下的注，后者是已经发生的事实。分析师说「英伟达只有 16.5 倍」，意思是按未来一年的预测利润来看很便宜；但如果这个预测落空（例如内存涨价压毛利、客户削减资本支出），倍数会瞬间变贵。所以看到远期估值，一定追问一句：这个预测是谁给的、凭什么。 |