I’m not sure if TMF uses going forward or trailing. And if they don’t say which, is there a protocol that suggests it’s forward or Trailing?
I think if someone doesn’t specify you have to assume they are referring to trailing earnings rather than forward. If someone else has different ideas, please let me know.
By the way, depending on the stock and the person doing the write-up, I’ve seen MF use either GAAP or adjusted values, so you have to read the article to be sure which he or she is using.