S2 E3: Quarterly earnings reports announcements are one of the most highly anticipated events in the investing world, so much so that financial news channels even coined the term “earnings season” for when the bulk of companies release their reports.
Although it would seem consequential for investors to follow “earnings season” closely for making well-informed investment decisions, evidence suggests otherwise. Earnings reports are more for show and much less useful than the average investor may think.
Jeff Harrell admits just how silly he finds earnings reports as he shares his first-hand experience and offers some (sarcastic) career advice for those looking to break into the highly lucrative field of analyzing companies for large brokerage houses.
This is one of the shortest episodes in Season 2, but it packs a punch and will leave you with a better understanding of how C-Suite executives at publicly traded companies might game the system. After listening, you can decide for yourself just how much stock you place in earnings reports.
(Season 2 Episode 3)
Resources Mentioned in Episode:
- Seeking Alpha article, “‘Beating Estimates’ - How Companies Win In Earnings Season”
- Investing.com article, “How Companies ‘Beat Estimates’ In Earnings Season”
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
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