I have been using the Pipeline API to implement a deep value algorithm and I noticed that when I add morningstar.income_statement.ebit.latest to my pipeline, it uses the latest quarterly report value instead of TTM (trailing 12 months).
In my custom factor I used morningstar.income_statement.ebit (sans "latest"). Does that make a difference?
Has anybody implemented an algorithm that requires a TTM value from the income statement?
Thanks,
Rudy