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Earnings Season: Difference between revisions
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See also: [[Earnings Season:2022 Q4]] | [[Investment Ideas]] | See also: [[Earnings Season:2023 Q1]] [[Earnings Season:2022 Q4]] | [[Investment Ideas]] | ||
A full list of companies we closely follow during the Earnings Season | A full list of companies we closely follow during the Earnings Season | ||
== Portfolio Companies & adjacent == | ==Portfolio Companies & adjacent== | ||
==== Alphabet ==== | ====Alphabet==== | ||
==== Meta ==== | ====Meta==== | ||
* Snap | *Snap | ||
==== Volkswagen ==== | ====Volkswagen==== | ||
==== Spotify==== | ====Spotify==== | ||
==== Deutsche Wohen ==== | ==== Deutsche Wohen==== | ||
==== Sixt ==== | ====Sixt==== | ||
==== Upwork ==== | ====Upwork==== | ||
*Fiverr | *Fiverr | ||
==== 1&1 ==== | ====1&1==== | ||
*Telefonica | *Telefonica | ||
*Vodafone | *Vodafone | ||
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== Banks == | ==Banks== | ||
== Logistic Companies == | ==Logistic Companies== | ||
* Fedex | *Fedex | ||
== Our Watchlist == | ==Our Watchlist== | ||
===== Amazon ===== | =====Amazon===== | ||
===== Microsoft ===== | =====Microsoft===== | ||
===== Intel ===== | =====Intel===== | ||
===== Rheinmetall ===== | =====Rheinmetall===== | ||
===== Morphosys ===== | =====Morphosys===== | ||
===== Netflix ===== | =====Netflix===== | ||
===== Bauer AG ===== | =====Bauer AG===== | ||
===== Disney ===== | =====Disney===== | ||
===== Paramount Global ===== | =====Paramount Global===== | ||
===== Alibaba ===== | =====Alibaba===== | ||
===== Naspers ===== | =====Naspers===== | ||
*Tencent | *Tencent | ||
===== Paradox Interactive ===== | =====Paradox Interactive===== | ||
===== Paypal ===== | =====Paypal===== | ||
===== Pinterest ===== | =====Pinterest===== | ||
===== Apple ===== | =====Apple===== | ||
===== Zoom ===== | ===== Zoom===== | ||
== Our Earnings Programme == | ==Our Earnings Programme== | ||
We follow a specific programme during the earnings season to ensure that we don't miss anything and that we take advantage of opportunities that the season presents. The following steps usually guide us during the earnings season. | We follow a specific programme during the earnings season to ensure that we don't miss anything and that we take advantage of opportunities that the season presents. The following steps usually guide us during the earnings season. | ||
=== Step 1: Planning === | ===Step 1: Planning=== | ||
a.<Span style="Color:green">Prepare the calendar event for the earnings call and earnings report release of your company and the company’s competitors on the research shared calendar.</Span> | a.<Span style="Color:green">Prepare the calendar event for the earnings call and earnings report release of your company and the company’s competitors on the research shared calendar.</Span> | ||
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ii. Do your best to find the exact time of release. You could check the time from last earnings seasons. For instance, if Volkswagen released their report at 8am last quarter, we can assume they will release it at the same time this quarter (if the exact time can’t be found on the website). Additionally, you could check known websites for release dates of the past. Such websites could incude DGAP for German stocks. | ii. Do your best to find the exact time of release. You could check the time from last earnings seasons. For instance, if Volkswagen released their report at 8am last quarter, we can assume they will release it at the same time this quarter (if the exact time can’t be found on the website). Additionally, you could check known websites for release dates of the past. Such websites could incude DGAP for German stocks. | ||
=== Step 2: Research === | ===Step 2: Research=== | ||
1.<Span style="Color:green">Finish first draft of earnings expectations and present to</Span> [[User:PirateCaptain|User:PirateCaptain.]] | 1.<Span style="Color:green">Finish first draft of earnings expectations and present to</Span> [[User:PirateCaptain|User:PirateCaptain.]] | ||
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iii. No need to add your own numbers but mention reasons whether you expect the earnings report to be positive or negative. | 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 == | ==Step 3: Reporting== | ||
i. <Span style="Color:green">Call Outline (90 mins estimate)</Span> | i. <Span style="Color:green">Call Outline (90 mins estimate)</Span> | ||
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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. | 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 == | ==Step 5: If applicable watch and summarize main competitor earnings call== | ||
a. For very important reports of competitors, watch it together with [[User:PirateCaptain]]. | a. For very important reports of competitors, watch it together with [[User:PirateCaptain]]. | ||
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c. If comp earnings mention trends or problems with the industry, investigate this and report. | c. If comp earnings mention trends or problems with the industry, investigate this and report. | ||
== Step 6: Decision Call == | ==Step 6: Decision Call== | ||
i. The Last Call would happen when there are no more open questions for your company’s earnings. | i. The Last Call would happen when there are no more open questions for your company’s earnings. | ||
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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. | 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: Define key data points and commentary that should be captured during the earnings cal == | == Step 7: Define key data points and commentary that should be captured during the earnings cal== | ||
Before events we should always clearly define what we are looking for and how important it is. | Before events we should always clearly define what we are looking for and how important it is. | ||
== Step 8: Actual earnings day == | == Step 8: Actual earnings day== | ||
Wait for Earnings Release and Watch Earnings Call with [[User:PirateCaptain]] | Wait for Earnings Release and Watch Earnings Call with [[User:PirateCaptain]] | ||
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vii. Schedule after earnings reflections and feedback meeting | vii. Schedule after earnings reflections and feedback meeting | ||
== Step 9: After Earnings Reflections + (Feedback) == | ==Step 9: After Earnings Reflections + (Feedback)== | ||
i. Find time to further study the stock and earnings before the open in the next day | 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 | 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 | ||