7 votes
Accepted

Yahoo Calendar - What does TAS mean?

It stands for Transfer Agent System. This type of earnings announcement is not announced via a press release. The transfer agent directly communicates the earnings to all shareholders of record.
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  • 3,680
5 votes
Accepted

P/E Ratio of a stock index

The preferred method for calculating the P/E of a stock index depends on how that index is calculated and what you are planning to do with it. Let’s assume the stock index you are looking into is ...
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  • 476
4 votes
Accepted

Question on earning per share

Great question, this detail is often overlooked but keep in mind that the correct formula is: EPS = Net Income/Weighted average no. of shares So we have to consider the weight of each new issue of ...
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3 votes

What does it means in earning " TNS"

TNS means "time not specified". Other abbreviations you might see in this context: DNS "date not specified" BMO "before market open" AMC "after market close"
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3 votes

API for Earnings date

I just found this free simple API, returning today's earnings by default and symbols with earnings call if you pass date: https://api.earningscalendar.net/ or <...
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3 votes

Where I can find historical earnings dates for stocks?

You can use Bloomberg terminal BDH formula on Excel. If you go through the wizard, you'll have to click: Import data -> Historical End of Day -> Select securities from spreadsheet -> select "...
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  • 693
3 votes

Sensitivity of short-term vs long term options' IV

Yes. Implied vol is (very loosely speaking) the risk neutral expectation of the realized volatility over the life of the option. A 10Y implied vol is an average over 10 years, and therefore is ...
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  • 4,217
3 votes

Sensitivity of short-term vs long term options' IV

No. Not really. The term-structure of options IV can change shapes through the year. Sometimes short-term options have a higher IV sometimes long-term options have a higher IV. You can take a look ...
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  • 6,675
2 votes

Where to download Earnings Conference Call transcripts?

You can download from Refinitiv in bulk after paying them $15k - $20k. CapitalIQ, FactSet and Investext all have an upper limit of 10 to 50 documents per download.
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2 votes
Accepted

Why do Earnings Per Share matter?

What matters is not so much the EPS but the EPS growth, EPS growth stability and PE. Of course when looking at a historical series of EPS for a given stock you have to adjust the series for capital ...
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  • 870
2 votes

Measuring historical earnings surprises, their frequency and severity

Recently I found a book on earnings trading but did not have time to read thoroughly. Trading on Corporate Earnings News - John Shon I also had spent some time to see earnings surprise effects and ...
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  • 1,021
2 votes
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Getting a better return on multiple combined stocks than individual stock gains (like a sports accumulator)

It depends on the timing of the expected price movement with respect to the report time, and the timing of the report. If you can say with very high certainty that the prices will move as you suspect, ...
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2 votes
Accepted

Option with company earnings as underlying

I think it is reasonable to assume the two are uncorrelated, since P/E ratios $R$ do not vary a lot and tend to have more to do with the fundamentals of a given industry than the earnings levels of ...
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  • 14.4k
2 votes

Question on earning per share

Vincent's answers summarizes everything. Although, why should accounting standards pose such a restriction on EPS calculation? New shares issued are weighted with the period outstanding till the end ...
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  • 1,346
2 votes

Where I can find historical earnings dates for stocks?

Yahoo does provide a great alternative https://finance.yahoo.com/calendar/earnings?symbol=TD.TO
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2 votes

Where I can find historical earnings dates for stocks?

If you truly don't need the time of the earnings report, you can use Tradier. https://developer.tradier.com/documentation/markets/fundamentals/get-calendars
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2 votes
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Computing the denominator of diluted earnings per share

I think your misunderstanding arises from who is holding the options. The options are not held by the company itself but by others, e.g. employees, who received the options as a form of compensation. ...
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  • 7,598
1 vote
Accepted

Calculating 'times earnings' - Intelligent Investor book question

Index = 900 (ie market price of equity) Book Value = 560 (ie accountant's estimate of the equity capital invested in the company) The 16x PE multiple (the reciprocal of the 6.25% "earnings yields&...
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  • 4,886
1 vote

Calculating 'times earnings' - Intelligent Investor book question

560 is the book value, not earnings. For earnings you'd have to find the earnings per share of each constituent and take the proper weighted total.
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  • 1,073
1 vote

How to compute EPS?

The sad fact here is that "earnings" on the numerator can be measured in a multitude of ways. The "per share" should be consistent (although these can differ a little, depending on ...
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  • 4,886
1 vote
Accepted

What is the EPS which is commonly estimated by analysts?

1) Basic EPS: Are the company's earnings to be distributed to shareholders (net income less dividends to preferred stock holders) divided by the number of common shares outstanding 2) Diluted EPS: ...
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  • 181
1 vote

Option with company earnings as underlying

I assume that you are talking about the changes in P, and P/E being uncorrelated, rather than the values themselves, since you are going to be simulating the increments in your GBM or AR process. It ...
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  • 5,603
1 vote

Practical way to estimate price sensitivity to unexpected earnings (i.e., post-earnings drift)?

As pure speculative commentary and a non-quantitative answer, you may want to look at the short-term options volatility as a factor for possibly fine tuning your model. Your goal seems to be to find ...
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  • 1,787
1 vote

Where I can find historical earnings dates for stocks?

Adding to the solution of @Martin by providing some R code (if one does not have access to a Bloomberg terminal), then you can get quarterly earnings from the alphavantage API. One way of doing this (...
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  • 3,273
1 vote

Where I can find historical earnings dates for stocks?

AlphaVantage provides quarterly earnings release dates including EPS (actual/predicted/surprise), see https://www.alphavantage.co/documentation/#earnings The advantage is that unlike Yahoo Finance's ...
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  • 243
1 vote

Why closest weekly options have enormous Implied Vol.

RiskyScientist answers make sense, but I want to provide a counter-example and an alternative, more systematic answer. If you look at ATM weeklys on SPY/SPX you will also see volatility rises into ...
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1 vote

Why closest weekly options have enormous Implied Vol.

One reason short term IVs pop could be a sector-related factor, such as an important number coming out that affects for example financial stocks. Short term options have really high gamma, so can make ...
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1 vote

Sensitivity of short-term vs long term options' IV

Just a small addition to excellent responses above - traders' rule of thumb is that vol term structure moves proportional to inverse sqrt of time to expiration. Source: Dynamic Hedging by Taleb
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1 vote

How are Quandl monthly S&P500 earnings estimates derived?

Just wanted to provide a little color to @assylias' answer, which is a correct one. The S&P 500 index is constructed according to an adjusted float weighted methodology, in which a change in the ...
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