Early Warning Indicator of Potential Negative Corporate News for Investors
WOBURN, MA / ACCESSWIRE / August 16, 2022 / Wall Street Horizon, the leading provider of market-moving corporate event data, today announced the LERI (Late Earnings Report Index), aimed at traders and investors. The index allows investors to factor in the market intelligence derived from US companies releasing earnings later than their historical average, which typically signals negative news on the horizon.
The timing of a firm's earnings release is one indicator of its financial health, according to findings from recent independent academic research. The LERI tracks how many off-trend earnings date confirmations are later or earlier than their historical norm. A reading over 100 demonstrates more companies are delaying reports and is meant to be watched carefully.
For the Q2 earnings season, Wall Street Horizon reports a LERI of 144, surpassing the Q1 2020 reading of 133 when companies were grappling with the beginning of the COVID-19 pandemic. The LERI has been trending higher in recent quarters, indicating that US companies are exhibiting signs of uncertainty regarding growth expectations.
"The LERI is derived from many years of tracking Corporate Body Language, or the non-verbal cues that publicly traded companies send to the market both intentionally and unintentionally that impact volatility," said Barry L. Star, CEO, Wall Street Horizon. "We are pleased that investors have been alerted of preliminary LERI results on Cheddar News and Interactive Brokers Traders' Insight, alongside traditional market data indicators."
About Wall Street Horizon
Wall Street Horizon provides traders, portfolio managers, academics and others an ever-expanding set of forward-looking and historical corporate event datasets, including earnings dates, dividend dates, options expiration dates, splits, spinoffs and a wide variety of investor-related conferences. Covering 10,000 publicly traded companies worldwide, the company offers more than 40 event types. Wall Street Horizon data is widely recognized for its unmatched accuracy and timeliness. For more information, please visit www.wallstreethorizon.com.
Wall Street Horizon
SOURCE: Wall Street Horizon