This article was written by David Weisberg, Product Manager, Company Events & Transcripts, and Louis Bellamacina, Product Manager, Company Research & Analysis and Grant Gordan, Product Manager – Company Financials.
Now more than ever, delivering successful investment ideas depends on managing complexity and consistently outthinking the market. Financial analysts need comprehensive insights into whether a company has met or missed broker expectations. And with earnings in full swing, it’s time to get prepared.
Bloomberg has tools to get you through earnings season, and below we will explore some of the equity tools designed to help analysts save time and react quickly during earnings season volatility. Key takeaways include how to manage coverage with greater efficiency, how to identify and rapidly respond to new catalysts, and how to utilize the power of natural language processing and AI analytics.
Prepare: Events management & tailored news
Earnings season releases are a crucial part of effective analysis. Last year alone, over 46,000 earnings calls were posted on the Bloomberg Terminal.
For example, EVTS <GO> enables you to stay abreast of event details and associated artifacts for a specific company, portfolio, watchlist, or index. Link your portfolio or watchlist to get real-time company releases. Users can access live and final transcripts, company presentations, models and estimates for earnings events and non-earnings event types. Events results can be grouped, filtered by date/security, and most importantly integrated with a user’s Microsoft Outlook calendar so they never miss critical events. To sync with an Outlook Calendar, users can click on the Outlook Sync button found in the red toolbar. With one additional click the user’s search is synced directly to their Outlook calendar.
Anticipate: Earnings analysis
Being able to absorb, interpret and understand company financials during earnings season reporting is vital to staying ahead. Bloomberg’s latest earnings tool, MODL <GO>, empowers analysts to do just that. It is a Terminal function that allows an analyst to prepare and respond during the volatility of earnings season.
MODL <GO> captures robust consensus estimates across hundreds of key line items, including granular KPIs and segment-level detail. This tool allows an analyst to benchmark their own forecasts vs market consensus with full earnings detail. On earnings day, MODL captures company-reported data within seconds to show you how a company performed vs consensus. No longer do you need to juggle company press releases – Bloomberg automates earnings day for you.
Interpret: Document search
Combine the power of quantitative information on MODL <GO> with the management comments available on DS <GO>. Using DS<GO>, analysts can spot trending topics from earnings calls on a single stock, an industry, a portfolio, or index.
AI topics and Natural Language Processing (NLP) helps you search for key information and understand what is driving earnings surprises. This saves you time for unique interpretation and valuation assessment.
Action and communicate: New IB forums
Timely and effective communication among colleagues drives individual and team performance during this crucial time of year. IB Forums is a new chat medium that powers collaboration in the sharing of research insights in a structured way. Centered around customizable topics and themes, it empowers on-the-fly chat in new ways of frictionless sharing, all built and focused on the needs of front office investment professionals.
In conclusion
Delivering successful investment ideas depends on quickly and effectively digesting, analyzing and reacting to newly released company filings, particularly during earnings season, when staying ahead of the pack is vital.Stay up to date on these issues and more via Bloomberg Terminal and take your knowledge and analysis to the next level.
To get started or learn more, request a demo today.
Bloomberg
Source link