Bespoke’s interactive Earnings Screener allows users to quickly and easily search for any quarterly earnings report released by any public US company going back to 2001. The specific info for each earnings report includes the date and time of the report, the consensus analyst EPS and revenues estimate, the actual reported EPS and revenues, any guidance that was issued, and the one-day price reaction to the earnings report broken out by opening gap, open to close, and full day’s change.
Along with the ability to search for historical earnings reports by stock ticker, users can also search for earnings reports over any given date range. Searches can be done for companies based on whether they beat or missed earnings or revenue estimates, or whether they raised or lowered guidance. Additionally, you can search for earnings reports based on how much the stock price reacted to the news. This allows users to build unique lists of stocks that have recently reported either exceptionally strong or exceptionally weak earnings results. The capabilities are endless, and most importantly, the search functionality is extremely fast and simple. There’s really nothing like our Earnings Screener in existence, and you can start using it now by starting a two-week free trial to Bespoke Institutional.
Below are a few examples of the type of screens that can be run using our interactive Earnings Screener.
In our first example, we have screened for the historical earnings reports of Deere (DE) — a stock that’s set to report two days from now (2/16). Simply search for “DE” using the “Ticker” option and click “Run Screen.” While the image below only shows earnings reports for DE going back to August 2015, the full database presents the user with all DE earnings reports going back to 2001.
We’ve highlighted a few things concerning Deere’s prior earnings reports. First, it’s noteworthy that the stock has beaten consensus analyst EPS estimates for ten consecutive quarters heading into Friday’s report. This means investors have come to expect an earnings beat from DE at this point, which might result in added weakness for the stock were it to simply meet or miss expectations. We’ve also highlighted that DE has raised forward guidance on four of its last five earnings reports. That’s very impressive, but it also sets the bar high for its upcoming report. Finally, we point out that in reaction to DE’s six most recent earnings reports, the stock has traded higher on the day five times.
In the second example below, we have filtered DE’s historical reports to only show its Q4 earnings releases. With DE set to report its Q4 numbers, this lets users see if this specific quarter has been especially good or bad over the years. You can also easily track year-over-year earnings and revenue numbers using this quarterly filter. In the case of DE, note weakening Q4 revenues over the last few years. Also note that while DE’s stock price has generally been reacting positively to earnings reports over the last year and a half, if you just look at the price reaction to its Q4 report going back to 2008, it has a tendency to either open weak or trade weak from the open to the close.
Let’s stick with DE for one more example of how you can use the Earnings Screener to help with trading decisions. Let’s imagine that DE reports a blowout number on Friday morning and you own the stock. Have you ever wondered whether you should lighten up on a position that’s up big on earnings, or maybe even add to it? The Earnings Screener can help make the call.
If DE reports a Triple Play (beats earnings estimates, beats revenue estimates, raises guidance) and then gaps up at the open of trading on this news, how might shares trade from the open to the close that day? Historical precedent can be your guide. The filter below looks specifically for all instances in which DE has beaten EPS and revenue estimates, raised guidance, and then gaps up on the news. As shown, the Earnings Screener has returned five prior events like this for DE. One came in February 2017, one came in November 2016, one came in February 2010, and two came in 2004. The main takeaway here is shown in the “Open to Close” column that we’ve highlighted. As you can see, on these occasions when DE has gapped up at the open, the stock has traded lower from the open to the close four of five times. Based on DE’s past trading patterns, it may be a smart idea to lighten up at the open of trading if it gaps up big.
In the examples above we’ve used the Earnings Screener to focus specifically on one stock. But users can also use it to track results across the board throughout an earnings season or to find stocks that fit specific earnings result criteria that you set forth.
Below, we show you how you can simply pull up all recent earnings reports since a given date. (Remember, with the database you can also pinpoint a specific date range going all the way back to 2001.) Here we’ve asked the database to show us all earnings reports since February 8th, 2018. In the snapshot below, we’ve cut off the data a few rows down, but this screen returned 81 earnings reports in total.
Now let’s say you want to find any stock that has reported since February 8th that beat consensus EPS estimates and also traded up more than 10% in reaction to the news. Using the screening parameters shown below, we’re able to find the five stocks that fit this criteria in an instant. As shown, CHGG, INST, VECO, CRNT, and MBUU all beat EPS and gained more than 10% on the day. Maybe you’d want to run this screen to find stocks with strong earnings and price momentum, or maybe you’d want to use it to find stocks that may have gotten overheated. Whatever it is you’re looking to do, our Earnings Screener can do it!
You can find stocks that may have been unduly hit hard on earnings as well. Below we show all stocks that have reported since 2/8 that beat EPS estimates but traded down more than 5% on the news. Here again, there are five stocks that fit these criteria — IVTY, TRU, GNRC, TOWR, and G.
There are unlimited possibilities with our Earnings Screener that are extremely useful for investors. Whether you’re using the Earnings Screener to defensively monitor stocks that you own ahead of their quarterly earnings reports, or using it to find new long or short opportunities based on earnings strength or weakness, all of the information is available with a few clicks from your mouse.