Consensus
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Why capital allocation is the new equity story in the AI era
A familiar pattern is dominating the current earnings season: companies deliver clean beats on revenue and earnings – then see their shares wobble or sell off as management outlines higher-than-expected capex and a longer-dated investment phase. Alphabet and Amazon are prominent examples, but the takeaway for CFOs and IROs is broader: capital allocation has become the equity story. In an AI-driven market, the debate is no longer simply about growth. It’s about how that growth is funded, how long elevated investment will persist and what returns the capex is expected to generate. Investors aren’t punishing ambition; they’re repricing capital intensity,…
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How broker insights can transform your earnings process
As data continues to flood the market, IROs are finding it both challenging and time-consuming to gauge market perceptions of their companies. Increasingly, IROs are looking to their data platform providers to help them collect all the available, granular insight from brokers in one place, where it can be sorted, analyzed and better understood. But how can that data be passed through into the earnings process overall and be used to improve the impact of a company’s latest figures on various stakeholder audiences?
