Hi all,
I've been using morningstar.income_statement.ebit to get the latest quarter's EBIT, but I noticed that the value is actually the Operating Income.
I'm not sure if it's happening across the board, but I was looking at GLDD:
http://financials.morningstar.com/income-statement/is.html?t=GLDD®ion=USA&culture=en_US
The value being reported by Quantopian is -$89000 (which is the Operating Income). My understanding is that EBIT = Operating Income + Non-Operating Income/Expense (other than Interest or Taxes). In the case of GLDD there is a "Other Income" of -$6.6M, which means the true EBIT is way different than the value reported by Quantopian.
Is this a bug in the data pipeline or am I incorrect in my interpretation of what EBIT is?