Institutional investors increasingly rely upon earnings date revisions to help formulate trading and risk strategies. Recent academic research has shown that tracking changes to earnings announcement dates can help investors generate additional alpha or mitigate risk in their portfolios.
By keeping financial professionals apprised of critical market-moving event revisions, they can opt to take advantage of—or avoid—short-term volatility in given equity or its underlying option.
Confirmed Earnings Date Revisions
- Since March 1, 2020, 194 U.S. companies have changed their confirmed earnings dates.
- 37 of the 194 events are for companies on major U.S. indices.
- 10 of the 37 events crossed option expiration dates.
To shed light on the recent increase in earnings date changes, we examine the status of earnings season, confirmed earnings date revisions, and the confirmed earnings date outliers (Z-score) provided in this week’s Wall Street Horizon Coronavirus Event Impact Report.
To learn more, view FactSet Insight article https://insight.factset.com/earnings-date-revisions-amid-covid-19