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 →Trading IV crush
IV crush is the overnight collapse in implied volatility after an earnings print. Learn how to use implied moves to set up iron condors, credit spreads, and calendar spreads — and when to stay out.
Read guide →Whisper numbers vs. estimates
A whisper number is the unofficial EPS expectation traders use instead of analyst consensus. Learn where whisper numbers come from, why stocks fall on a 'beat' that misses the whisper, and how the Earnings Compass AI Morning Briefing replaces them with a data-backed buy-side expectation.
Read guide →