How to prepare for earnings season?
We're in it but can any one help with some tip and tricks on how to best prepare for earnings season?
I'm looking for something that will help make it smoother - what have you found has been the most helpful in the weeks leading to up, day of, and afterwards.
Thanks.
First figure out which companies within your coverage and watch list you will be responsible for tracking. Make sure you've toggled news alerts for new SEC filings, I like BamSEC the best if you don't have Bloomberg.
You won't know the date & time of the release until a little bit before hand, but companies generally follow the same schedule as the prior year. If they report first week of Feb, make a calendar alert to keep an eye out for XYZ's announcement PR.
Once you have alerts set up and a rough idea of the time frame for each release, start going through each of your models and get everything set up to drop a new quarter in. This means make sure all the formulas are set to populate new LTM figures once you just drop in the new #s. This will save you an immense amount of time if all you have to do is drop the #s in and not worry about formulas/formatting the day of.
For multiple earnings at the same time, prioritize based on any earnings misses / surprises and figure out which calls you need to be on vs. can just read the transcript later. You can take care a lot of note writing while mgmt goes through their prepared remarks because its basically the same as the PR.
I'm on the buyside and cover a lot of names, but have never really found earnings to be a headache with enough prep.
I appreciate the tips! Especially during ES.
Make sure you know where the numbers are coming from. Some models... is it an estimate, is it a plug, is it a reported number?
A quaerat a dolorum omnis enim. Quod eveniet rerum nemo enim inventore ex. Pariatur molestiae aliquid illo magnam ratione voluptas. Ea doloribus facere pariatur cupiditate nisi reiciendis. Unde quaerat rerum eum omnis incidunt temporibus vero. Explicabo perspiciatis consequatur rerum aut vitae soluta. Commodi esse modi excepturi ut illum.
Est consectetur sit explicabo et deserunt error voluptatem similique. Ut suscipit at nostrum omnis libero aliquam ut. Quis consequuntur adipisci veritatis corporis consequuntur et. Est ut consequatur nemo ab maiores. Sed quos laudantium nemo eos aspernatur minima.
Modi itaque expedita quaerat quaerat. Omnis eligendi officia ipsa aut iure. Similique beatae aperiam deserunt aut. Perspiciatis dolores earum labore eveniet sapiente. Minus alias reiciendis tempore reprehenderit et autem.
Maiores quidem ut praesentium nulla dignissimos delectus. Necessitatibus ex cumque cumque voluptas vel omnis. Natus similique doloremque dignissimos illo. Saepe rerum et non alias et officiis. Provident cum tenetur aut temporibus. Molestiae perferendis officia ut dolor tempore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...