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Today's Daily Brief linked here because today's market demonstrated this exact principle.

8-K - Rithm Property Trust Inc. (0001614806) (Filer)

It matters because profits, margins, and guidance determine whether expectations remain realistic.

What it is

Earnings are company profits, while valuation is the price investors are willing to pay for those current and expected profits.

Why it matters

Stock prices ultimately depend on the cash flows investors expect companies to produce and the rate used to discount those cash flows.

How it affects investors

Earnings reports help investors test whether expectations are supported by revenue, margins, guidance, and demand.

Related concepts

Treasury YieldsMarginsGuidanceGrowth vs Value

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Opposite concepts

Multiple CompressionEarnings Recession

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