{
  "docId": "019dd923-5ca1-7489-b637-20da6f3b3482",
  "docSlug": "74890ef14c3ae51b",
  "documentTitle": "Parthenon Profit Warnings Q4",
  "authorId": "EY",
  "authorName": "EY",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.414,
  "pageNumber": 8,
  "pageCount": 15,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "market_landscape",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 19,
  "notes": "Includes a bar chart showing the median share price fall on the day of profit warnings from Q1 2021 to Q4 2025.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "photo",
    "bar_chart_vertical",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ca1-7489-b637-20da6f3b3482/8",
  "deckHref": "/decks/019dd923-5ca1-7489-b637-20da6f3b3482",
  "deckJsonHref": "/decks/019dd923-5ca1-7489-b637-20da6f3b3482.json",
  "deckAnchorHref": "/decks/019dd923-5ca1-7489-b637-20da6f3b3482#slide-8",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The fall in investor reactions to profit warnings reflects a sanguine mood at the end of 2025 and perhaps a sense that we are reaching the end of this earnings downgrade cycle.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-c23e-726c-a77c-092337bdae83",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.45,
        "x": 0.52,
        "y": 0.47
      },
      "kind": "chart",
      "text": "A rollercoaster era: % average share price drop on day of profit warning",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "81060a08-6133-465f-85f2-225dc505e1cc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.38,
        "w": 0.45,
        "x": 0.52,
        "y": 0.02
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e3f4fbc6-72c8-41e6-a5c5-a18e3773b1d7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "% median share price fall: 10.3%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-c23e-726c-a77c-0c70b94c648d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.45,
        "x": 0.04,
        "y": 0.12
      },
      "kind": "paragraph",
      "text": "A different take. In Q4 2025, capital markets continued to show resilience despite persistent geopolitical tensions and policy uncertainty. Investors have largely looked through the noise, but signs of selective risk aversion remain.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "defde762-24be-4c10-8ac6-dbec684393f6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.45,
        "x": 0.04,
        "y": 0.28
      },
      "kind": "paragraph",
      "text": "Equity markets ended the year strongly. The FTSE 100 closed 2025 on a high, gaining 22%... The fall in investor reactions to profit warnings reflects a sanguine mood... Expected investor returns from AI depend on the sector meeting significant funding...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e1d4be91-8cf7-41e2-8a6a-7413f94ef464",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.52,
        "y": 0.85
      },
      "kind": "source-note",
      "text": "Our profit warning console contains more current and historic data: ey.com/warnings",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4e936f70-4711-4d26-91d0-c5cc28b15271",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.25,
        "x": 0.04,
        "y": 0.04
      },
      "kind": "title",
      "text": "Market reaction",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c673d306-4160-4182-927f-fdd5f524afcc",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [
    {
      "metricRaw": "% median share price fall",
      "numberRaw": "10.3%",
      "numberKind": "percent",
      "actionTitle": null,
      "calloutText": "The fall in investor reactions to profit warnings reflects a sanguine mood at the end of 2025 and perhaps a sense that we are reaching the end of this earnings downgrade cycle.",
      "numberScale": null,
      "numberValue": 10.3,
      "metricFamily": "share_penetration",
      "numberCurrency": null
    }
  ],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 10,
      "from": 7,
      "beatId": "f60cce86-21af-4992-9c2c-8b4ae30e95b0",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Visualization",
      "beatSlug": "monroes-sequence-visualization",
      "evidence": "The spotlight sections and market landscape provide a visualization of the challenges",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 10,
      "from": 5,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "c5823408-1b07-4bbc-aedc-361309008bdc",
      "evidence": "The industry trends and sector overview emphasize the importance of taking action",
      "position": 0,
      "objective": "Highlight the risks of not taking action in a challenging economic environment",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}