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Earnings Season: Difference between revisions
→Step 2: Research
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b. Reasons | b. Reasons | ||
e. Conclusion, Summary, and Personal Outlook for Company | |||
i. Map out Pros, Cons, and Missing Pieces for the company given with what you have researched so far. (Comment Moritz: Scan for red or green flags before the earnings and within earnings) | |||
ii. Detail each point you want to highlight for your reasoning on your suggested positioning. | |||
iii. No need to add your own numbers but mention reasons whether you expect the earnings report to be positive or negative. | |||
== Step 3: Reporting == | |||
i. Call Outline (90 mins estimate) | |||
a. Main Highlights – 6 mins | |||
b. KPI and Guidance Summary – 3 mins | |||
c. Analyst Expectations – 3 mins | |||
d. Developments in Quarter – 15 mins | |||
e. Competitor Guidance/Report – 6 mins | |||
f. Recap and Conclusions – 7 mins | |||
g. Discussions & Allowance – 40 mins | |||
h. Pressing Questions, Next Steps, and Sched Next Call – 10 mins | |||
ii. Tips for Call | |||
a. Prepare for your presentation, so you can report it well. | |||
b. Don’t read everything | |||
c. You can read headers then just mention main points | |||
d. For more guidance, check Earnings Expectations sheet: https://docs.google.com/spreadsheets/d/1hsho3W72EZ7cXpxAJYeuUWImCVBvW37Tfg5AahlJ8gY/edit#gid=940594445 | |||
e. The researcher should be done with expectations report and should present it to [[User:PirateCaptain]] SIX DAYS to the actual earnings date. | |||
==Step 4: Folllow-up Calls == | |||
As we wait for the actual earnings date, the researcher should have follow-up calls with [[User:PirateCaptain]] to answer the questions he asked during the above presentation. The call can also cover output for tasks given during the presentation. | |||
== Step 5: If applicable watch and summarize main competitor earnings call == | |||
a. For very important reports of competitors, watch it together with [[User:PirateCaptain]]. | |||
b. Report main points of the call on Discord immediately as soon as the call ends. | |||
c. If comp earnings mention trends or problems with the industry, investigate this and report. | |||
== Step 6: Decision Call == | |||
i. The Last Call would happen when there are no more open questions for your company’s earnings. | |||
ii. Discussion on Earnings | |||
a. map out Pros and Cons, detail your reasoning for your suggested positioning, and discuss with Moritz | |||
iii. Scenario Planning | |||
a. What kind of different outcomes do we foresee and what would be our decision in those kinds of scenarios. | |||
b. Goal: Have less pressure to make decision on earnings day and clear overview and cold minded decisions + preparations how to react in different possible scenarios. | |||
== Step 7: Actual earnings day == | |||
Wait for Earnings Release and Watch Earnings Call with [[User:PirateCaptain]] | |||
i. Be in a Zoom call with [[User:PirateCaptain]] 30 MINUTES BEFORE THE RELEASE. | |||
ii. [[User:PirateCaptain]] must be prepared to trade at this time. | |||
iii. When the report is released, read and analyze it ASAP. | |||
a. Discuss with [[User:PirateCaptain]] realtime | |||
iv. Watch and analyze earnings call. | |||
v. While waiting, you can already check Twitter, Google, and other platforms on what other people expect and think of the company’s earnings. | |||
vi. Discuss which open questions from the call need to be researched asap. | |||
vii. Schedule after earnings reflections and feedback meeting | |||
== Step 8: After Earnings Reflections + (Feedback) == | |||
i. Find time to further study the stock and earnings before the open in the next day | |||
ii. Both researcher and [[User:PirateCaptain]] should answer the period's Earnings Research Review for your company: https://docs.google.com/spreadsheets/d/1b-bL1JxSjeU5dQd2Y_4n1OSJW99SLFsvRua-hsnXfuI/edit?usp=sharing | |||