It may seem obvious. A company’s earnings represent profit (or loss). The more profit, the more valuable the stock (and vice versa). Public companies report earnings every 3 months during a period investors call earnings season.
It’s important for you as an investor or trader to keep track of when companies in your portfolio are set to report. Fortunately, that’s easy to do at WooTrader by going to our free (as in “no cost to your whatsoever”) earnings calendar located here.
Related: ANNOUNCING OUR FREE EARNINGS SCREEN
The Woo Trader Earnings Calendar
The WooTrader earnings calendar is organized simply and logically by earnings date. Within the date order you can further sort information by Top Picks, Price Target, Rank and Ticker.
Today (Friday, May. 27) 13 companies are set to report earnings including Jinksolar Holding (NYSE:JKSB), Multi Color Corp. (NASDAQ:LABLC), Big Lots Inc. (NYSE:BIGC) and Enduro Royalty Trust (NYSE:NDROD) to name just a few.
In that group, as you will note on every earnings reporting date, stocks will show different ratings, general analysis and average price targets, depending on data gleaned from various screeners and sources.
Invibed compares an earnings report with the report card you received every 9 weeks or so in school. A publicly traded company’s Quarterly Earnings Report is that company’s once-every-three-months report card.
The idea is to “report” to shareholders and Wall Street how business has gone over the past 3 months. Public companies have to issue “report cards” for the same reason schools do – to let those with a vested interest - parents in the case of schools and stockholders in the case of companies - know what has been going on and how those “vested interests” have been doing.
Analysts Step In
Just as a report card breaks learning down into various subjects, an earnings report breaks data about the company down into the “subjects” of profit, loss and other elements of corporate operations as well.
Stockholders, like parents, are free to review and break down company “report cards” on their own. Many rely on experts known as analysts.
Analysts read the reports, conduct research and ultimately publish reports that explain how they believe the company is doing and, more importantly, what they believe the future for that company looks like.
What Is LearnedAnalyst reports provide two very important bits of information – expected price target and the analyst’s rating. The expected price target is the amount those analysts believe that particular company’s stock will sell for in the future.
The analyst rating – buy, sell or hold – tells investors how the analyst believes stockholders should treat that company’s stock.
What Can Happen
The investment world (Wall Street) cares a lot about what analysts think. So much so that the price of the stock can move up or down significantly based on analyst opinion. Put simply, if you (because of what an analyst says) believe a stock is going to do poorly, you will not buy the stock and the price will go down due to lack of demand. Obviously, the reverse is true as well.
All of this can start with a single earnings report. This makes the earnings calendar important since it marks the beginning of the process that can result in major fluctuation in the price of a company’s stock.
Earnings Coming Soon
In addition to the regular earnings calendar mentioned above, Woo Trader also makes available (free) an Earnings Coming Soon table that lists everything from expected earnings report date, expected earnings, price target, number of analysts covering the stock and more.
The Earnings Coming Soon screen utilizes multiple data sources to provide you with a before-hand snapshot ahead of the actual earnings report. That information and how closely it matches what actually happens when the earnings report comes out, makes up a large part of the information investors use when they buy and sell stock.