Earnings Guides
Plain-English explainers for active traders and investors.
Start with the fundamentals — EPS, guidance, and how to read a quarterly report — then move into trading-side material on earnings season setups and the calendar workflow.
What is EPS?
EPS (earnings per share) is a company's profit divided by outstanding shares. Learn how EPS is calculated, why it moves stock prices, and how to read EPS surprises during earnings season.
Read guide →Earnings guidance
Earnings guidance is a company's own forecast for upcoming quarters. Learn how guidance ranges work, why a strong quarter can still tank a stock, and how to spot a 'guide-down'.
Read guide →Reading earnings reports
A practical, line-by-line guide to reading quarterly earnings releases. Learn what to scan first, which footnotes matter, and how to extract a thesis in under 10 minutes.
Read guide →Trading earnings season
Earnings season concentrates volatility into a four-week window each quarter. Learn the most common setups — pre-earnings runs, post-earnings drift, IV crush — and the risks each one carries.
Read guide →Earnings calendar explained
An earnings calendar lists every upcoming corporate earnings release. Learn how to filter by date, sector, and market cap, and how to turn the calendar into a daily trading workflow.
Read guide →Revenue vs. EPS
Revenue and EPS both matter on earnings day — but they tell different stories. Learn when the market punishes a top-line miss vs. a bottom-line miss, and how to read both together.
Read guide →Whisper number
A whisper number is the unofficial EPS expectation traders actually price in — often above published consensus. Learn where whisper numbers come from, how reliable they are, and how to use them around earnings.
Read guide →Yahoo Finance alternative
Yahoo Finance's earnings calendar is free but limited — no implied move, no AI summaries, no personalized radar. Here's how a modern alternative compares and what to look for.
Read guide →Earnings beat vs. miss
An earnings beat is when a company reports above analyst consensus; a miss is below. Learn how the market actually reacts, why beats can sell off, and how to size the move.
Read guide →Implied move on earnings
The implied move is the size of the post-earnings move the options market is pricing in. Learn how it's calculated from the at-the-money straddle and how to use it as a trader.
Read guide →Earnings call transcript
An earnings call transcript is the verbatim text of the post-earnings conference call. Learn what to scan first, which sections actually move stocks, and how AI summaries change the workflow.
Read guide →After-hours earnings movers
Most large caps report after the close. Learn how after-hours earnings movers price in results, why the open often reverses the after-hours move, and how to find the day's biggest gaps.
Read guide →Consensus estimate
Consensus estimate is the average of sell-side analyst forecasts for a company's revenue and EPS. Learn how it's calculated, why it gets stale, and how to use it around earnings.
Read guide →