Earnings season is in full swing with several of the Dow Jones Industrial Average companies and S&P 500 companies reporting quarterly results this week. For earnings previews and polls that could predict whether companies will beat analyst estimates, one of the best daily tools is the Benzinga “Ring the Bell” newsletter.
Here's more on the newsletter and its accuracy for earnings results.
• NVIDIA stock is taking a hit today. What’s behind NVDA decline?
‘Ring The Bell' Daily Newsletter
Benzinga publishes the "Ring the Bell" newsletter each trading day and you can subscribe to that newsletter and several others for free.
Each newsletter features summaries and links to some of the best stories from the previous day, along with key figures from major stock market indexes. Readers of the newsletter get an in-depth look at market quotes, a market heatmap and a recap of the previous trading day.
Some of the stories featured each day are earnings previews for upcoming quarterly earnings reports in the coming days.
With earnings season here for the current quarter, the "Ring the Bell" newsletter serves as an important tool, providing top stories and earnings previews right in your inbox in one convenient location.
Earnings Polls Have High Accuracy
Another top reason to subscribe to the Benzinga "Ring the Bell" newsletter is for crowd-sourced polls on earnings.
Last quarter, Benzinga began adding polls for some of the top earnings reports. Results from the reader polls were impressive, with a 98% accuracy rate last quarter for whether companies would beat or miss analyst estimates.
These were the companies that received the highest percentage of yes votes from users predicting an earnings beat and ultimately beat both revenue and earnings per share estimates for the recent quarter:
- NVIDIA Corp (NASDAQ:NVDA): 87.4%
- Alphabet Inc (NASDAQ:GOOGL): 87.3%
- Meta Platforms Inc (NASDAQ:META): 85.1%
- Microsoft Corp (NASDAQ:MSFT): 81.9%
- Palantir Technologies (NASDAQ:PLTR): 81.1%
When looking for an edge in the market, viewing crowd-sourced polls such as the ones from the "Ring the Bell" newsletter could provide a strong consensus on whether a company is likely to beat estimates.
Beating estimates can lead to the company seeing its shares trade higher and sometimes to raising guidance, which can be another catalyst for a share price.
Sign Up And Vote!
If you're already subscribed to the free "Ring the Bell" newsletter, get ready for another round of earnings polls that could provide a good consensus for investors.
If you're not subscribed, sign up now before some of the biggest earnings are set to take place this quarter and be ready to read previews on analyst expectations and price targets — and of course, vote in polls.
Photo: Lev Radin via Shutterstock
