Earnings Database Instructions

This is for those who volunteered for this:

Source of earnings is IBD newspaper and WSJ Digest of Earnings
Only EPS growth vs last year same quarter >100% , EPS>.05 cents and sales >5% growth , needs to be data entered.
What to look for in earnings: To narrow the set of companies to track and trade for this strategy, based on my prior experience, I only track companies whose earnings are up 100% or more quarter over quarter and the earnings should be at least 5 cents. Sales/revenue should be up 5% or more. Doubling of earnings is significant. Few companies meet that criteria. So I put all the stock meeting this criteria in a list. Now what one is looking for is earnings acceleration. IBD will have those stocks with up arrow to indicate earnings acceleration. Besides that I look for price action on that stock by looking at how much they are up in last 65 days or so. I am looking for stocks which have not rallied in anticipation of earnings. Even better is stock which has no analyst coverage and is neglected. Stocks with less than 100% plus earnings also breakout, but to prioritize, I only focus on above 100.
On second sheet Earnings News, only pre market news which meets above criteria needs to be entered from sources like Marketwatch, briefings, Reuters, etc.
If you can not fill up all columns like IBD ratings let them be blank, others will fill them in.
The third sheet is for my comments, where I may highlight few stocks from the list.
We have enough volunteers. So not looking for more.
Be patient Skytrader and I will work with you till it gets on auto pilot. There are lot of emails on this flying around, I will respond to all of them later.

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5 comments:

mrstrader said...: Thank you, thank you, thank you for the nightly format as it is and for the earnings chart. If you need any volunteers for anything, please let me know. Thank you again.; Jul 16, 2007, 8:46:00 PM
Pradeep Bonde said...: Thanks.
The Opportunity Buffet and Market Monitor will be posted tomorrow morning. Currently busy getting earnings database up and running.; Jul 16, 2007, 8:52:00 PM
James said...: This is great. I appreciate so much what you're doing!; Jul 17, 2007, 4:05:00 AM
James said...: about BKCC in the spreadsheet.

The number looked good so I tried to find the information on the company. I was unable to find any financial information on yahoo or google finance.
Even at the SEC ( http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1326003 ) there is no filling in this month. So my question is: where did you get the info from?

May be it would be nice to add a column that would state the source of the info (a name or url).

For example, for METH, I've found the info on Yahoo and the url is: http://biz.yahoo.com/bw/070712/20070712005328.html?.v=1; Jul 17, 2007, 6:06:00 AM
Pradeep Bonde said...: All information in that spreadsheet comes from WSJ or IBD.; Jul 17, 2007, 6:37:00 AM

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