Dirk Black [A2LFL10Z2XNVHX]

Overview

Dirk Black [A2LFL10Z2XNVHX] posts HITs asking Turkers to extract the non-GAAP earnings per share (EPS) information for various companies from their public earnings reports.

His HITs are quick to complete but it can be helpful to have a background or general understanding of investing terminology to accurately identify the information he is asking workers to retrieve.

His TurkOpticon reviews can be found here.

Frequently Asked Questions

How do I get the qualification?
On 1/23 Dirk posted qualification HITs, successfully completing these awarded workers with a quality score. Since then the qualification has not been reopened through open HITs.​

Qualifications

Dirk Black only uses a single qualification, Non-GAAP Earnings, which is scored out of 100 from his qual HITs entitled "Qualification Task: Annual Non-GAAP Earnings per Diluted Share" [3LV0310AAZ0K6NUV37VMD3G1YW9KD3] that was posted on 1/23/2017.

Non-GAAP Earnings

This qualification was only open on 1/23/2017 and has since been closed. Currently the HITs require a score of 90 or above to work on them as of 2/2/2017

HITs

Tip: You can click on any of the PANDA links on this page to see if this requester has blocked you
An example text excerpt from a Dirk Black HIT

Proxy: Annual Non-GAAP Earnings per Diluted Share

This HIT gives you a piece of text and asks you to identify the Non-Generally Accepted Accounting Principles (GAAP) Earnings Per Diluted Share (EPS)
GroupID: PANDA | Hit Save
Reward: $0.02
Duration: 60 minutes
Auto-Approval: 7 days
Qualifications:

Non-GAAP Earnings is not less than 90

Earnings: Annual Non-GAAP Earnings per Diluted Share

This HIT gives you a piece of text and asks you to identify the Non-Generally Accepted Accounting Principles (GAAP) Earnings Per Diluted Share (EPS)
GroupID: PANDA | Hit Save
Reward: $0.02
Duration: 60 minutes
Auto-Approval: 7 days
Qualifications:

Non-GAAP Earnings is not less than 90

Tips, Tricks, & HIT Specific Instructions & Examples

When should I leave my answer blank?
Leave the “ANSWER” space blank if you cannot identify the ANNUAL NON-GAAP EARNINGS PER SHARE number from the excerpt. This will be the case if you encounter any of the following:
  • There is no earnings number in the excerpt.
  • The excerpt is a row of numbers without discernable dates to match the numbers.
  • There is only information on non-GAAP earnings targets, forecasts, or ranges of targets or forecasts and no information on actual non-GAAP earnings results.
  • The excerpt contains quarterly information, and no annual information. Do not record quarterly non- GAAP earnings per share numbers.
  • The excerpt contains only annual non-GAAP earnings (unscaled) or annual non-GAAP earnings per basic share.
    • If you cannot tell whether an ANNUAL NON-GAAP EARNINGS PER SHARE number is per diluted share or per basic share from the information in the excerpt, record the available number in the “ANSWER” space.
How should I format my answers?
When recording a number in the “ANSWER” space, follow these formatting rules:
  • No dollar signs or other currency labels
  • Record the number in terms of dollars. “Four cents” should be recorded as 0.04.
  • Record negative numbers (numbers in parenthesis) such as (0.55) as -0.55.
What do I do if there is more than one Non-GAAP EPS?
When you encounter more than one ANNUAL NON-GAAP EARNINGS PER DILUTED SHARE number in an excerpt, do the following:
  • Record the number from the most recent annual period in the “ANSWER” field and record the year in the “NOTES” field.
  • If more than one ANNUAL NON-GAAP EARNINGS PER DILUTED SHARE number exists in an excerpt from the same annual period, record the largest number and explain your choice in the “NOTES” field.
Terminology
Both of Dirk's HITs are filled with investing terminology, specifically related to the earnings reports companies release for shareholders and investors to examine. The HITs can certainly be done without a background in investing but it can be helpful to familiarize yourself with certain terms:

Generally Accepted Accounting Principles
(GAAP)
These are just a collection of commonly followed accounting rules/standards for financial reporting. They're important for the purposes of Dirk's HITs because they are scrutinized for allowing companies to fudge or inflate their earnings - and in turn their earnings per share (EPS)[1]
Common Synonyms in HITs: Net income (without being marked as 'adjusted')
Non-GAAP
As a short explanation for Dirk's HITs purposes Non-GAAP earnings reports do not include many of the numbers companies use to inflate their EPS. For example: if a company has a bunch of old equipment laying around that they decide to sell off to another company, they may report this in their GAAP income earnings so it looks like their profits for the year (or quarter) were higher than they would be without this sale. This can be considered deceptive, however, since that sale isn't "core" to their business model and is unlikely to be repeated quarter over quarter (or fiscal year over fiscal year). Dirk is collecting the NON-GAAP EPS, trying to filter out company data that includes these frivolous kind of data points.[2]
Common Synonyms in HITs: Core EPS, most earnings marked as "Adjusted EPS"
Earnings Per Share (EPS)
Earnings per share (EPS) is just the total income of a company divided by the number of shares outstanding (this is just a fancy way of saying the stock stockholders own). This is the data point workers should be looking to record in HITs (for full fiscal years only, not quarterly EPS)[3]
Examples

Example TextAnswerExplanation
Excluding the net restructuring charges discussed above, fourth quarter 2012 non-GAAP income from operations grew $6.0 million or 27.0 percent to $28.2 million or 9.5 percent of revenue.-Should be left blank - only provides fourth-quarter information
EX-99.1 2 a15-5396_1ex99d1.htm EX-99.1 Exhibit 99.1 TELETECH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2014 FINANCIAL RESULTS Fourth Quarter 2014 Results Revenue Increased 6.3 Percent to $338.2 Million (8.4 Percent to $344.9 Million Non-GAAP); Operating Income was $30.1 Million, 8.9 Percent of Revenue (9.4 Percent Non-GAAP); Fully Diluted EPS was 44 Cents (46 Cents Non-GAAP); Signed $100 Million in New Business (an Increase of 25 Percent) Initiates a Semi-annual Cash Dividend and Increases Share Repurchase Allowance Provides Outlook for Full Year 2015 Revenue and Operating Income Denver, Colo., February 25, 2015 - TeleTech Holdings, inc (NASDAQ: TTEC), a leading global provider of customer experience, engagement and growth solutions, today announced financial results for the fourth quarter and full year ended December 31, 2014-Should be left blank - the numbers given all relate to Fourth Quarter 2014 Results and we're looking for annual, or full-year, information.
Non-GAAP EPS attributable to TeleTech shareholders $ 0.29 $ 0.28 $ 1.26 $ 1.03-Should be left blank - no idea which of the four numbers is the number we're looking for. Do not record ranges of Non-GAAP EPS without yearly context
2012 YTD Adjusted Earnings Per Share, Diluted, Recasted for Share Issuance $ 2.95 $ 0.62 $ 0.13 $ (0.19 ) $ 3.51-Nothing should be recorded - it is not clear which of these numbers is non-GAAP, and time period for each of the numbers is unclear.
Sirona announces fiscal 2013 guidance: revenue growth of 9% to 11% constant currency, and EPS on a non-GAAP adjusted basis in a range of $3.33 to $3.43 (reflecting growth of approximately 10% to 13%)-should be left blank - company is sharing what it think non-GAAP EPS will be, but the actual is not known yet
(1) The shares of restricted stock vested upon certification by the compensation committee of the company's board of directors, of the achievement of an established threshold level of non-GAAP earnings per share of $0.96 per diluted share for the year ended December 31, 2012-Should be left blank - $0.96 is the pre-established threshold, not the actual result. We know the actual result was at least as high as $0.96, but we don't know the actual number.
Share Dilution On July 2, 2012, Duke Energy issued approximately 258 million shares of common stock in connection with the closing of the merger with Progress Energy, inc The full year impact of the issuance of these additional shares had a dilutive impact of $0.81 per share on the year-over-year adjusted diluted EPS results-No number should be recorded - the text indicates an impact of 0.81, not that non-GAAP earnings were 0.81.
These awards vested 12 months from the date of grant upon the achievement of non-GAAP earnings per share of $0.70 for the year ended December 31, 2010-Should be left blank - $0.70 is the target or threshold that was achieved.
Non-GAAP fully diluted earnings per share increased 12.3 percent to $1.55 from $1.38 in the prior year period1.55Make an educated assessment - the phrase prior year period is not specific; could be the full year last year, OR the same quarter last year. However, we want the data, so record 1.55.
Actual performance achieved in 2010 was operating revenue of $218 million, non-GAAP earnings per share of $0.74, and non-GAAP adjusted EBITDA of $69 million0.74should record 0.74 - this is the actual non-GAAP earnings per share
Full Year Adjusted EPS Up $0.84 to ($0.04); Reported EPS Up $0.65-0.04The number that should be recorded in -0.04, NOT 0.84. 0.84 is the increase, not the actual EPS. Parenthesis (#.##) denotes negatives numbers in financial reports.
Non-GAAP net income 1 , adjusted for a tax benefit in the third quarter of 2012, contingency accruals of $5.9 million in the fourth quarter of 2012 and $1.8 million of expense related to the implementation of a new enterprise resource planning (ERP) system, for the full year 2012 was $127.7 million or $1.40 per diluted share compared with Non-GAAP net income of $109.2 million or $1.20 per diluted share in the same period last year1.40The number that should be recorded is 1.40, NOT 1.20 as that is the latter of the two fiscal year EPS.

Scripts

Thread Link
Author: @ceedj
This script will focus the HIT frame and allow a user to hit their ENTER key to submit the HIT.

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    If the firm simply says "operating earnings," please record the number in the ANSWER field. If the firm says "GAAP operating earnings," record nothing.
     

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