There are companies I have come across that seem to consistently report earnings for future quarters, rather than earnings for the quarter that has just passed. At first I thought it might be a glitch, but it keeps happening quarter after quarter, and it's consistent across all financial news sites.
I understand that a company may have long-term contracts and be able to predict future revenue fairly well, but even if so I'm sure they can't accurately predict their expenses. All else aside, if a company if growing and having to raise funds there is no way they can predict interest rates for debt funding nor their future stock price for equity funding. This alone surely muddies the waters enough for reporting on future quarters to be an absurd practise.
The main stock I've been following that does this is Digital Turbine. While most other companies have recently been reporting 2021 Q4 earnings, Digital Turbine just came out with 2022 Q3 earnings. That is how every financial website is reporting it. Can somebody please explain what's going on?
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