---
title: Difference Between Financials and Estimate Numbers
description: Seeking Alpha displays Financials and Estimates data received from S&P Capital IQ. Read more to learn about the difference between this data.
---

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# Difference Between Financials and Estimate Numbers

Seeking Alpha displays Financials and Estimates data received from S&P Capital IQ.

S&P undertakes normalization for both sets of data, for improved comparability across sectors and industries.

Still, S&P Financials and S&P Estimates may have different values for the same data, such as EPS.  
This is because, for financial statements, the rulebook for normalization is internal to S&P Capital IQ, while, for S&P Estimates, the normalization rulebook is based on techniques used by the analysts  in their research reports, and sometimes, these could be different.

An example of affected data points:

There may be cases where the EPS estimate growth does not seem to align  when a user compares EPS for FY0 from Financials, while EPS for FY1 is taken from Estimates.  
This is because, at Seeking Alpha, we show EPS estimate growth based on EPS FY0 actual along with EPS Estimate FY1 from S&P Estimate.

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