Dear All,
A new engine is live that addresses newly discovered issues with split sensititive line items that are re-stated. It has to do mostly with annual statements since that’s where companies typically re-state prior years (this data is flagged as “summary” data by Compustat), but we found few issues with late quarterly data too.
The items in question are
EPS incXor, EPS exclXor, Shares, Shares diluted
We found cases where data was being re-stated in subsequent periods but was flagged as “as-reported”. These data should be split adjusted using the original period date, not the period date in which they come in. To further complicate matters we found cases where two values of the same line item come in for the same period , one flagged as as-reported, one as “summary data”. This is something we did not expect. Since we only have one slot for each line item, we had to add information to our line item to tell us if it was as-reported, or summary, so we can make the correct split adjustement.
We don’t expect a big impact from this. PLease let us know if you see problems. We still have the old version of the engine for comparison.
Thank You