||AGGREGATES|Earnings Season Report - Summary view
||The Earnings Season Report provides daily updates on the progress of each earnings season as it unfolds. The Summary view compares aggregate results for companies that have recently Reported to expectations for those Yet to Report, providing timely insight into developing trends by sector and industry.
The Region/Country, Market Cap, and Stock Set filters allow you to select the stock universe of interest. In most cases, you will want to use these select your investment universe, not your specific holdings, in order to report on a broad set of companies of interest. The Detail view allows you to flag stocks in your holdings so you can compare them to their peers and analyze how they may be affected by developing trends.
Market Cap ranges are defined as follows: Large Cap: >= US $5 billion; Mid Cap: US $1-5 billion; Small Cap: US $500 million to $1 billion.
The Reporting Period dropdown allows you to view results for either quarterly or yearly fiscal reporting periods. For details on how the earnings "season" is defined, see "How is Earnings Season Defined?"
The Estimate Type dropdown allows you to choose to see the report's metrics using either the Preferred Earnings or Revenue measures.
The Group By dropdown allows you to choose to see results grouped by GICS Sector, Industry Group, or Industry.
% Beat/Met shows the percentage of Reported stocks whose actual earnings for the recently reported period equaled or exceeded the mean estimate on the report date.
% Missed shows the percentage of Reported stocks whose actual earnings for the recently reported period were less than the mean estimate on the report date.
The next two columns compare the aggregate Reported Surprise % turned in by the Reported stocks to the aggregate Predicted Surprise % for stocks that are Yet to Report. If Reported stocks in a given sector have been surprising to the upside, for example, expectations for Yet to Report stocks may be too low.
"YoY Growth" section
The first two columns in this section compare the aggregate year-over-year growth turned in by Reported stocks to the aggregate year-over-year growth implied by the SmartEstimate for stocks that are Yet to Report. If Reported stocks in a given sector are showing low or negative growth, but SmartEstimate-implied growth for Yet to Report stocks is high, one might be wary that expectations are too high.
The third column in this section, "Blend", provides a measure of aggregate year-over-year growth that includes all stocks in the submitted universe. This measure blends actual results for stocks that have Reported for the season in question with expectations for those that are Yet To Report.
These two columns compare the change in forward estimates for the period after the current season across Reported and Yet to Report stock sets. For quarterly earnings season reports, the subsequent quarter is used; for yearly earnings season reports, the forward 12-month period (F12M) is used. If the Mean Change for Reported stocks in a given sector is high, that may indicate that the outlook provided from earnings conference calls was positive, as analysts have been revising up. If this trend is not reflected in the Mean Change for Yet to Report stocks, one might anticipate similar revisions when those stocks report.
"30d Price Change" section
The first two columns in this section compare the price change in the last 30 days for companies that Beat or Met expectations in their recent reported period to that for companies that missed expectations. This gives an indication of the degree to which the market is rewarding or punishing winners and losers in a given sector. The third column shows the price change for Yet to Report stocks, providing an indication of the degree to which they may have moved in sympathy with the fortunes of Reported stocks.
The columns displayed on the Earnings Season Report are fixed and cannot be customized.
Clicking the chart icon at the top of a column will display a popup bar chart of the values in that column, sorted in the default.
Clicking on a sector, industry group, or industry name will go to the Detail view for the selected sector, industry group, or industry, allowing you to see the individual stocks that comprise it.
Excluding Sectors and recalculating the "All" row
The Summary view of the Earnings Season Report also provides a powerful feature whereby you can opt to exclude specific sectors from the universe of interest and recalculate overall aggregates, on-the-fly. The checkboxes to the left of each sector name allow you to select sectors for exclusion/inclusion; clicking the "UPDATE>>" button will then recalculate the values in the "All sectors" row to reflect these exclusions. This feature provides a powerful way to understand how companies in a given market are faring in aggregate while isolating them from the effects of one or two sectors whose results may be having an outsized effect on aggregates for the set.
Earnings Season Report – Detail View
How is Earnings "Season" Defined?
How StarMine Aggregates are Calculated
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