In order to help you stay on top of earnings season, Bespoke has created an in-depth calendar that highlights over 2,000 US stocks due to report in the next month and a half. The calendar is more advanced than typical earnings calendars because it includes detailed information about each stock's historical reports. We looked at each company's quarterly reports going back to the end of 2001 and calculated the percentage of the time the company has beaten or missed EPS and revenue estimates as well as guided higher (we only provide beat rates for companies that we have at least 8 historical report dates for). In addition, we also provide the average one-day price change following earnings reports to highlight how the stock typically trades on earnings. The average absolute one-day price change is included as well to highlight the stock's volatility in reaction to earnings.
Alcoa (AA) is the first big company to kick off earnings season, so we will use it as an example. As shown on the calendar, the stock is due to report after the close on July 9th. Analysts are expecting earnings of 84 cents per share. Going back to 2001, AA has beaten EPS estimates 36% of the time and beaten revenue estimates 41% of the time. The stock has averaged a loss of 66 bps on the first trading day following earnings based on prior reports.
Bespoke will continuously update its earnings calendar to show the next two weeks worth of earnings reports. However, if you sign up for our www.BespokePremium.com service, you will receive a more in-depth interactive file of the entire earnings season calendar that is sortable by stock and all other categories.
To access the basic Bespoke Earnings Calendar, click the button below or at the top right of this page. For the premium interactive calendar, subscribe at www.BespokePremium.com.