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Earnings Season

What is 'Earnings Season'

Earnings season are the months of the year in which a majority of quarterly corporate earnings are released to the public. Earnings season is generally accepted as the months immediately following the quarter-ends of the year, which means that earnings seasons would fall in January, April, July and October. This is due to the lag between quarter-end periods and the time in which firms are able to release their earnings following their accounting periods.

Explaining 'Earnings Season'

Earnings season is easily one of the busiest times of the year for those who work in and watch the markets, as virtually every large publicly-traded company will report the results of their last quarter. Analysts and managers typically set their guidelines and estimates to correspond to specific quarters or fiscal year ends, so the results reported by firms during earnings season often have a big role in the performance of their stocks.


Further Reading


Empirical Research on Earnings Management in the Fourth Season of China's Listed Companies with Loss [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-KJYJ200804004.htm'>PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …

Trends in park tourism: Economics, finance and managementTrends in park tourism: Economics, finance and management
www.tandfonline.com [PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …

Price-earnings changes during US presidential election cycles: Voter uncertainty and other determinantsPrice-earnings changes during US presidential election cycles: Voter uncertainty and other determinants
link.springer.com [PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …

Earnings management: A perspectiveEarnings management: A perspective
papers.ssrn.com [PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …

Stock Price Discovery in Earnings SeasonStock Price Discovery in Earnings Season
papers.ssrn.com [PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …

A review of estimates of the schooling/earnings relationship, with tests for publication biasA review of estimates of the schooling/earnings relationship, with tests for publication bias
www.sciencedirect.com [PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …

Does earnings guidance affect market returns? The nature and information content of aggregate earnings guidanceDoes earnings guidance affect market returns? The nature and information content of aggregate earnings guidance
www.sciencedirect.com [PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …

Environmental proactivism and firm performance: evidence from security analyst earnings forecastsEnvironmental proactivism and firm performance: evidence from security analyst earnings forecasts
onlinelibrary.wiley.com [PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …

Compensation discrimination in the NFL: an analysis of career earningsCompensation discrimination in the NFL: an analysis of career earnings
www.tandfonline.com [PDF]
… enhance the insight on the earnings quality of listed companies in the fourth season … Dong-lin,Li Gang (Tsinghua Uvinversity,Beijing 100084);Institutional Ownership and Earnings Quality[J … Accounting Standards[J];The Theory and Practice of Finance and Economics;2008-01 …



Q&A About Earnings Season


Do all companies report on the same day each quarter/year end date(s)?

No, not all companies report on the same day each quarter/year end date(s)

How can you find out what stocks are expected to perform well during earnings season?

You can find out what stocks are expected to perform well by looking at analyst expectations before the start of earnings season.

Who typically reports during this time period?

Large publicly-traded companies report during this time period.

What is one reason analysts and managers set guidelines and estimates to correspond with specific quarters or fiscal year ends?

Analysts and managers set guidelines and estimates to correspond with specific quarters or fiscal year ends because that's when firms will be reporting their results.

What is earnings season?

Earnings season is the months of the year in which a majority of quarterly corporate earnings are released to the public.

How can you use analyst expectations as an investor?

As an investor, you can use analyst expectations as a way of determining whether or not you should buy a certain stock before it releases its own financials for the quarter/year end date(s).

What role do reported results play in stock performance?

Reported results play a big role in stock performance.

When does earnings season occur?

Earnings seasons occurs in January, April, July and October.

Why do companies report their results during this time period?

Firms release their results following their accounting periods.