Define: Whisper Number

Business, Legal & Accounting Glossary

Definition: Whisper Number



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Full Definition of Whisper Number


A whisper number is an unofficial, unpublished forecast of a stock’s earnings number. A security analyst comes up with the whisper number and releases this estimate to certain clients to let them know if there is more optimism or pessimism about the earnings than shown in a previously published number. Traditionally, the whisper number was reserved for the wealthy/favoured clients but has become more accessible on the Internet. A whisper number is useful if it differs from the consensus estimate, but its relevance and accuracy depend on the source. Analyzed accurately, the whisper number can help spot an earnings surprise or avoid an earnings disappointment. A whisper number is one of several driving forces behind a stock’s short-term price movement, but it’s important to remember that the whisper number is just a rumour – it isn’t always correct.


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Whisper Number. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/whisper-number/ (accessed: April 06, 2020).
American Psychological Association (APA):
Whisper Number. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/whisper-number/

Definition Sources


Definitions for Whisper Number are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th February, 2020