normalized earnings

Normalized earnings

Earnings that have been adjusted in order to take into account the effect of cycles in the economy.

Normalized Earnings

1. Earnings for a company not including nonrecurring charges and gains. A one-time charge or gain that deeply affects a company's profits or losses for a given period of time might make it appear more or less healthy than it really is; normalized earnings are an indication of a company's true financial health.

2. Earnings that account for seasonal or economic cycles. See also: Seasonally-adjusted.

normalized earnings

Past or forecasted earnings that have been adjusted for cyclical variations. Earnings are generally normalized by using a moving average of earnings per share over a number of successive periods.
References in periodicals archive ?
2 million one-time deferred tax valuation adjustment resulting from tax reform in 2017, normalized earnings improved 15% to $5.
AK Steel (AKS) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners saying AK Steel's "disappointing" first quarter and normalized earnings guidance is due to management's "commodity neutral approach," which limits benefits from higher steel prices.
Normalized earnings attributable to common shareholders in the second quarter of 2016, after adjusting for one-time items and fair value adjustments, were $29 million or $0.
Newell Rubbermaid said the acquisition is expected to be accretive to normalized earnings and operating margin in 2016.
Based on current market conditions and the trading environment, Air New Zealand expects FY13 normalized earnings before taxation to be in the range of NZ$235-260 million (US$198-220 million)," it said.
Assets and revenue count, but normalized earnings are more important.
This could be due to a variety of factors including emotional attachment to the business, unwillingness to accept the impact of the risk factors of the business, outside influence from previous market conditions, incorrect conclusion of normalized earnings, comparable transactions, etc.
7 million and normalized earnings before interest, taxes, depreciation and amortization (EBITDA) of $20.
Analysts also said that the American bank's deposits division would not return to normalized earnings until 2013.
Rather, our analysts try to figure out a company's normalized earnings.
We estimate that normalized earnings for large banks are 39 percent higher than in 2007 despite the 36 percent decline in share prices.
The most common answer to the valuation question is four to six times normalized earnings before income, taxes, depreciation and amortization (EBITDA).
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