QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.39 (-0.85%)
META   264.72 (+0.84%)
GOOGL   122.87 (-0.65%)
AMZN   120.58 (-0.89%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
DIS   87.96 (+0.16%)
AMC   4.51 (-2.59%)
PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)
QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.39 (-0.85%)
META   264.72 (+0.84%)
GOOGL   122.87 (-0.65%)
AMZN   120.58 (-0.89%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
DIS   87.96 (+0.16%)
AMC   4.51 (-2.59%)
PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)
QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.39 (-0.85%)
META   264.72 (+0.84%)
GOOGL   122.87 (-0.65%)
AMZN   120.58 (-0.89%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
DIS   87.96 (+0.16%)
AMC   4.51 (-2.59%)
PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)
QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.39 (-0.85%)
META   264.72 (+0.84%)
GOOGL   122.87 (-0.65%)
AMZN   120.58 (-0.89%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
DIS   87.96 (+0.16%)
AMC   4.51 (-2.59%)
PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)

Today's Earnings Calendar

Earnings announcements are a public statement of a company's profitability for a specific period of time, such as a quarter (90 days) or a year. Equities research analysts will issue estimates of the company's earnings numbers prior to its announcement date, which is generally set weeks or months in advance. If a company releases better results than analysts predict, its share price will generally rise after the announcement. Below you will find a list of public companies announcing their earnings results today. Learn more about earnings reports.

MarketRank evaluates a company based on community opinion, dividend strength, institutional and insider ownership, earnings and valuation, and analysts forecasts.
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Media sentiment refers to the percentage of positive news stories versus negative news stories a company has received in the past week.
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Analyst consensus is the average investment recommendation among Wall Street research analysts.
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Analyst ConsensusUpgrade to All Access to use the All Ratings Filter
CompanyRelease TimeConsensus EstimateActual EPSRevenue EstimateActual RevenueActions
Advance Auto Parts stock logo
AAP
Advance Auto Parts
Morning$2.59$2.57N/AN/A  
American Superconductor stock logo
AMSC
American Superconductor
Afternoon($0.20)($0.20)N/AN/A  
Anterix stock logo
ATEX
Anterix
Q4 2023 Earnings ReleaseN/A($0.71)N/AN/A
Arrow Financial stock logo
AROW
Arrow Financial
Q1 2023 Earnings ReleaseN/A$0.66N/AN/A
Aurora Cannabis stock logo
ACB
Aurora Cannabis
Q3 2023 Earnings ReleaseN/A($0.05)N/AN/A
Bit Digital stock logo
BTBT
Bit Digital
Q1 2023 Earnings ReleaseN/A($0.15)N/AN/A
C3.ai stock logo
AI
C3.ai
Afternoon($0.17)($0.17)N/AN/A  
CAE stock logo
CAE
CAE
Morning$0.26$0.25$881.21 million$1.26 billion    
Canopy Growth stock logo
CGC
Canopy Growth
Q4 2023 Earnings Release($0.12)($0.15)N/AN/A
Capri stock logo
CPRI
Capri
Morning$0.94$0.94$1.28 billion$1.34 billion      
Centogene stock logo
CNTG
Centogene
Q3 2022 Earnings ReleaseN/A($0.41)N/AN/A
Chewy stock logo
CHWY
Chewy
Afternoon($0.03)($0.04)N/AN/A  
Chindata Group stock logo
CD
Chindata Group
MorningN/A$0.04N/AN/A  
Credo Technology Group stock logo
CRDO
Credo Technology Group
Afternoon($0.04)($0.04)N/AN/A  
CrowdStrike stock logo
CRWD
CrowdStrike
Afternoon$0.50$0.51N/AN/A  
Donaldson stock logo
DCI
Donaldson
Morning$0.74$0.74N/AN/A    
EHang stock logo
EH
EHang
MorningN/A($0.13)N/AN/A  
Emeren Group stock logo
SOL
Emeren Group
Afternoon$0.04$0.04N/AN/A  
Evaxion Biotech A/S stock logo
EVAX
Evaxion Biotech A/S
Q1 2023 Earnings ReleaseN/A($0.24)N/AN/A
Frontline stock logo
FRO
Frontline
Morning$1.02N/AN/AN/A  
Hovnanian Enterprises stock logo
HOV
Hovnanian Enterprises
MorningN/AN/AN/AN/A    
Iris Energy stock logo
IREN
Iris Energy
Q3 2023 Earnings ReleaseN/A($0.27)N/AN/A
nCino stock logo
NCNO
nCino
Afternoon$0.05N/AN/AN/A  
NetApp stock logo
NTAP
NetApp
Afternoon$1.35$1.34N/AN/A  
NGL Energy Partners stock logo
NGL
NGL Energy Partners
Afternoon$0.18$0.15N/AN/A  
Nordstrom stock logo
JWN
Nordstrom
Afternoon($0.11)($0.08)N/AN/A  
Okta stock logo
OKTA
Okta
Afternoon$0.12$0.13N/AN/A  
Phreesia stock logo
PHR
Phreesia
Afternoon($0.75)($0.46)N/AN/A  
Pure Storage stock logo
PSTG
Pure Storage
Afternoon$0.04$0.04N/AN/A  
PVH stock logo
PVH
PVH
Afternoon$1.93$1.93N/AN/A  
Republic First Bancorp stock logo
FRBK
Republic First Bancorp
-$0.13($0.15)$44.21 million$53.43 million
Reservoir Media stock logo
RSVR
Reservoir Media
Morning$0.06$0.06N/AN/A    
Salesforce stock logo
CRM
Salesforce
Afternoon$1.61$1.61N/AN/A  
TDCX stock logo
TDCX
TDCX
Afternoon$0.13$0.15N/AN/A  
The Descartes Systems Group stock logo
DSGX
The Descartes Systems Group
Afternoon$0.33N/AN/AN/A  
Tupperware Brands stock logo
TUP
Tupperware Brands
Q1 2023 Earnings ReleaseN/A($0.03)N/AN/A
U-Haul stock logo
UHAL
U-Haul
Afternoon$0.50$0.50$1.19 billion$1.19 billion    
Veeva Systems stock logo
VEEV
Veeva Systems
Afternoon$0.80$0.79N/AN/A  
Victoria's Secret & Co. stock logo
VSCO
Victoria's Secret & Co.
Afternoon$0.54$0.55N/AN/A  
What are stock market earnings reports?

We’ve become a society that is obsessed with numbers and analytics. It’s interesting, however, that investors will spend a great deal of time poring over statistics choosing a tight end for their fantasy football team, but a scant few minutes looking at a company's earnings report.

One reason for that is that an earnings report is an intimidating document, and unless you are a financial professional, it’s probably going to be a little boring. That is unless you know what to look for. Because as an analytics society, an earnings report is about as pure as it gets. An earnings report contains valuable information that can go a long way to helping an investor decide whether or not they should invest, or continue to invest, in a company. And what should be most important to investors is that the data in an earnings report is required by SEC regulations to be accurate.

But it’s still a document with a lot of numbers and legal-ese that requires translation, and that’s why we’ve created this article. We’ll go over what an earnings report is and how investors can mine the gold and get the information they want. We’ll also go over why earnings reports are important, why you can rely on them for accurate data, and the quantitative metrics that can help your fundamental analysis.

Earnings reports are part of the legal requirements that publicly held companies follow when disclosing their company’s performance. These reports are issued quarterly during what investors call the “earnings season”.

Earnings reports are a subset of a company’s 10-Q filing and contain items such as net income, earnings per share(EPS), earnings from continuing operations, and net revenue/sales. You will usually hear things about how the company performed relative to the analyst's expectations for top-line and bottom-line numbers. These numbers can be found directly in the earnings report.

The top line refers to a company's net revenue/sales. The bottom line refers to their net income. These are two metrics that are used in the fundamental analysis of a company's stock. Ideally, companies will be showing growth in both their top and bottom-line numbers, but sometimes they will be showing top-line growth that is not reflected in their bottom line or vice versa. Sometimes this is explained by market conditions and sometimes it is indicative of a bigger problem affecting the company.

It is also important to understand that an earnings report is not the same as a company’s 10-Q document. Form 10-Q is a “just the facts” document that is required by the SEC and contains detailed financial information that the company must provide. Because the 10-Q is also a public document, companies will only provide abbreviated information from the 10-Q in their earnings report.

While earnings reports do not have to be identical, they do follow a general structure. The first part of the report contains the company’s financial information in a condensed format. As mentioned above, this won't give investors all the information that's found in the 10-Q document but will provide them with enough information to get a sense of the company's performance. After displaying the raw data, there will typically be a section where the company provides a commentary on the data. Some questions that you may want to consider are as follows:

  • Was the company’s performance better, worse, or the same as the previous quarter?
  • How did the company’s performance in this quarter compare with its performance in the same quarter the prior year? This is a particularly good question for “seasonal” stocks like retailers who rely on the fourth quarter for much of their revenue.
  • Compare the cost of sales between quarters. Is it costing the company more to bring in revenue?
  • What is the company's cash flow? If the company has a negative cash flow but is still showing a positive net income you should be looking for an explanation as to why this is happening, particularly if it is a mature company.

The second component of an earnings report (sometimes called “other information”) goes through some of the potential issues that a company may be facing. This can be hard to read because it has undoubtedly been vetted by a company’s legal team so the wording is very precise. The important thing to consider when looking at this information is the risks facing the company, either from lawsuits or general market conditions. Are the risks specific to this company or are other companies within the sector experiencing the same issues. If so, is this company in a better, or worse, position to manage that risk?

Simply put, earnings reports move the market. During “earnings season” analysts and institutional investors rely on the information contained in the earnings report to make projections for the following quarter or year. Analysts form their own estimates independent of a company’s estimates and a change in analysts' sentiment can have a profound impact on stock prices.

When the earnings reports are released, analysts are looking to see not just whether a company beat its own estimates, but whether it beat analysts’ expectations as well. Most companies take an under-promise and overdeliver approach to future earnings but not all.

In some cases, a company may try to project much better forward earnings than what analysts feel is warranted. In this case, you may see a situation where a company misses on its estimates but still come in higher than what analysts expected.

While this may seem like an imperfect way to determine the direction of a stock’s price movement, the ability of a company to meet analysts’ expectations is a key driver of stock prices both positively and negatively.

No company will lie in their earnings reports (well, very few anyway). That’s because the information in the earnings report must match the company’s Form 10-Q which is a legal document that a company must file with the Securities & Exchange Commission. So every number in the earnings report must match what’s in the 10-Q. The earnings report, however, does give companies the opportunity to comment on the numbers. In the case of numbers that were below what the company forecasted, they will offer an explanation for the miss they hope will mitigate the shortcoming.

When you purchase shares of a company’s stock, you are buying a piece of that company. Fundamental analysisconsiders both quantitative and qualitative factors in determining whether or not a company belongs in your portfolio. An earnings report will not typically deliver on the qualitative factors, but, because it is so data-intensive it can go a long way to helping you understand important quantitative metrics including:

  1. Earnings – This is the company’s bottom line. How much did they earn after taxes and dividend payments? You’ll also want to look at their “earnings per share” number. This is the earnings number divided by the average number of outstanding shares.
  2. Price-earnings (P/E) ratio – This is the price of one share divided by the earnings per share. The P/E ratio tells you how much money investors are willing to pay for each dollar of a company’s earnings. By itself, the P/E may not mean that much, but you can compare the company’s P/E ratio to competitors in their industry to see if their shares are trading at a premium or a discount.
  3. Dividend yields (if applicable) – Many large companies offer dividends as a means of increasing shareholder value. The dividend yield is the company’s dividend expressed as a percentage of the share price. Therefore, a stock that sells for $50 and pays $3 a year in dividends has a yield of 6%. Ideally, you are looking for a company that combines dividends growth with earnings growth.
  4. Book value – This measures the difference between a company’s assets and its liabilities. As an investor, you may be particularly interested in the book value per share. This is arrived at by dividing the company’s book value by its number of outstanding shares. A positive sign is a stock that is selling at a price no higher than 1.3 times book value per share.
  5. Return on equity – this is usually reported directly in the earnings report. What this tells you is what a company’s net profit is after taxes divided by its book value. A return on equity of 15% or higher usually indicates a well-managed company.
  6. Debt-equity ratio – Simply put, how much debt a company has on its books compared to the equity they are generating from shareholders. This is a metric that should be taken with a grain (or two) of salt because some startup companies need to take on debt in their initial stages to achieve growth, particularly if they are not ready for an initial public offering (IPO). If a company has $1 billion in equity and $250 million in debt, its debt-equity ratio is .25 or 25 percent.
  7. Beta – This measures a stock’s volatility relative to the S&P 500 (NYSEARCA: SPY) stock index which has a beta of 1.0. A beta above 1.0 means that it rises or falls by a percentage more than the index. A beta below 1.0 means that it rises or falls at a percentage that is lower than the index.

As we’ve become more sophisticated consumers, we are less impressed by marketing “spin” and instead look to data for answers to questions.  If it can be measured, we try to measure it. The downside is that, in many cases, data has become its own marketing tool and there are so many numbers, that we get inundated with data without a clear understanding of what the data is really telling us..

That's why an earnings report is so valuable for investors. While the information contained in them may not be bedtime reading, an investor can rely on an earnings report for accurate, no-frills information that can help them make wise investment choices.

A basic truth about earnings reports is that they move markets. Analysts have expectations and when those expectations are met, the stock generally rises. However, when they're not met, the stock generally falls. As an individual investor, it's your responsibility to decide whether the price movement is justified.

The earnings report is usually a precursor to a company's conference call (or earnings call). Both in the earnings report and the conference call, a company's upper management will highlight quarterly successes and/or provide reassurance for areas where the company may have underperformed.

Finally, while the earnings report is one of the major pieces of data you can review; it is just one piece of data. The market does not always behave in logical ways and oftentimes, bad things happen to otherwise good companies. Whether you are already a shareholder or considering investing in a company, you are looking to become a part-owner of that company and the earnings report is your prospectus.

 

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