QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)

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
Advanced Drainage Systems stock logo
WMS
Advanced Drainage Systems
Morning$0.69$0.77$567.10 million$617.60 million    
Alibaba Group stock logo
BABA
Alibaba Group
Morning$1.30$1.35$209.29 billion$208.20 billion  
Alimera Sciences stock logo
ALIM
Alimera Sciences
Q1 2023 Earnings Release($0.58)($0.51)$13.00 million$13.55 million    
Anterix stock logo
ATEX
Anterix
Q4 2023 Earnings ReleaseN/A($0.71)N/AN/A
Applied Materials stock logo
AMAT
Applied Materials
Afternoon$1.84$2.00$6.37 billion$6.63 billion  
Arrow Financial stock logo
AROW
Arrow Financial
Q1 2023 Earnings ReleaseN/A$0.66N/AN/A
Atour Lifestyle stock logo
ATAT
Atour Lifestyle
MorningN/AN/AN/AN/A    
Aurora Cannabis stock logo
ACB
Aurora Cannabis
Q3 2023 Earnings ReleaseN/A($0.05)N/AN/A
Bath & Body Works stock logo
BBWI
Bath & Body Works
Morning$0.26$0.26$1.39 billion$1.40 billion  
Bit Digital stock logo
BTBT
Bit Digital
Q1 2023 Earnings ReleaseN/A($0.15)N/AN/A
Brady stock logo
BRC
Brady
Morning$0.90$0.92$342.71 million$337.10 million      
Canada Goose stock logo
GOOS
Canada Goose
Morning$0.06$0.05$257.06 million$293.20 million    
Canadian Solar stock logo
CSIQ
Canadian Solar
Morning$0.48$1.19$1.71 billion$1.70 billion    
Cavco Industries stock logo
CVCO
Cavco Industries
Afternoon$5.80$5.10N/AN/A  
ClearSign Technologies stock logo
CLIR
ClearSign Technologies
Afternoon($0.04)N/AN/AN/A  
Despegar.com stock logo
DESP
Despegar.com
Morning$0.01$0.01N/AN/A  
DouYu International stock logo
DOYU
DouYu International
Morning($0.01)N/AN/AN/A    
DXC Technology stock logo
DXC
DXC Technology
Afternoon$1.02$1.02$3.62 billion$3.59 billion  
Eagle Materials stock logo
EXP
Eagle Materials
Morning$2.35$2.28$452.11 million$470.10 million  
Eltek stock logo
ELTK
Eltek
Morning$0.13$0.13N/AN/A  
Evelo Biosciences stock logo
EVLO
Evelo Biosciences
Q1 2023 Earnings ReleaseN/A($0.16)N/AN/A  
Evogene stock logo
EVGN
Evogene
Morning($0.16)($0.16)N/AN/A    
Farfetch stock logo
FTCH
Farfetch
Afternoon($0.27)($0.44)$515.37 million$556.40 million  
Flowers Foods stock logo
FLO
Flowers Foods
Afternoon$0.36$0.38$1.55 billion$1.53 billion  
Gambling.com Group stock logo
GAMB
Gambling.com Group
Morning$0.17$0.17N/AN/A    
Globant stock logo
GLOB
Globant
Afternoon$1.27$1.27$471.07 million$472.42 million  
Grab stock logo
GRAB
Grab
Morning($0.07)($0.06)$505.00 million$525.00 million    
KE stock logo
BEKE
KE
Morning$0.22$0.23$17.59 billion$20.28 billion    
Legend Biotech stock logo
LEGN
Legend Biotech
Morning($0.44)($0.34)$39.82 millionN/A
Lifecore Biomedical stock logo
LFCR
Lifecore Biomedical
Q3 2023 Earnings ReleaseN/A($0.13)N/AN/A
Lightspeed Commerce stock logo
LSPD
Lightspeed Commerce
Morning($0.04)($0.03)$183.88 million$184.20 million
Magic Software Enterprises stock logo
MGIC
Magic Software Enterprises
Q1 2023 Earnings ReleaseN/A$0.28N/AN/A  
Monro stock logo
MNRO
Monro
Morning$0.33$0.31$322.75 million$310.80 million  
Noah stock logo
NOAH
Noah
Q1 2023 Earnings ReleaseN/A$0.55N/AN/A  
Qifu Technology stock logo
QFIN
Qifu Technology
Afternoon$1.10$0.86N/AN/A  
Ross Stores stock logo
ROST
Ross Stores
Afternoon$1.06$1.09$4.48 billion$4.49 billion  
uCloudlink Group stock logo
UCL
uCloudlink Group
Morning($0.05)($0.04)N/AN/A  
United Maritime stock logo
USEA
United Maritime
MorningN/AN/AN/AN/A    
Walmart stock logo
WMT
Walmart
Morning$1.32$1.47$147.91 billion$152.30 billion  
Xcel Brands stock logo
XELB
Xcel Brands
Afternoon($0.17)($0.17)N/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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