skills/bigdata-earnings-digest/assets/report-template.md

# Earnings digest — report template

Follow this structure. Keep the section order. Tables are mandatory — if data is missing, write "Not available" rather than dropping the row or section. Add inline citations `[1]`, `[2]` immediately after claims, hyperlinked to the document URL.

---

```
# Earnings Digest: [Company Name]
Period: [Quarter and Fiscal Year]
Reported: [Date]

## Executive Summary
[2-3 sentences: **headline result + what changed for the bull/bear debate + what's priced in next**]

## Thesis check
### Bull narrative
- **Status:** Strengthened / Weakened / Unchanged
- **Because:** [evidence]

### Bear narrative
- **Status:** Strengthened / Weakened / Unchanged
- **Because:** [evidence]

## Quality signals
| Signal | This Q | Prior Q | Trend | **Watch for** |
|--------|--------|---------|-------|---------------|
| OCF vs NI | | | | |
| DSO | | | | |
| Inventory | | | | |
| Guidance credibility | | | | |

## Sentiment & positioning
| Data type | Metric / fact | Source | As of |
|-----------|---------------|--------|-------|
| Sentiment (quantified) | | | |
| Options / short | | | |
| Institutional / 13F | | | |
| Insider | | | |

## Financial Results Summary

### Headline Numbers
| Metric | Actual | Consensus | Surprise | YoY Change |
|--------|--------|-----------|----------|------------|
| Revenue | $X.XB | $X.XB | +X% | +X% |
| EPS | $X.XX | $X.XX | +X% | +X% |
| Operating Margin | X.X% | X.X% | Xbps | Xbps |

### Key Highlights
- [Highlight 1]
- [Highlight 2]
- [Highlight 3]

## Revenue and Margin Analysis

### Revenue Performance
- **Total Revenue:** $X.XB (+X% YoY, +X% QoQ)
  - Beat/missed consensus by $XXM (X%)
  - Key drivers: [Brief explanation]

### Margins
- **Gross Margin:** X.X% (vs. X.X% prior year)
- **Operating Margin:** X.X% (vs. X.X% prior year)
- **Net Margin:** X.X% (vs. X.X% prior year)
- Margin drivers: [Brief explanation]

## Operating Metrics and Segment Performance

### [Segment 1]
- Revenue: $X.XB (+X% YoY)
- Key metrics and performance drivers

### [Segment 2]
- Revenue: $X.XB (+X% YoY)
- Key metrics and performance drivers

### Operational KPIs
- [KPI 1]: [Value and trend]
- [KPI 2]: [Value and trend]

## Management Guidance and Commentary

### Forward Guidance
- **Q[X] [Year] Revenue:** $X.XB - $X.XB (vs. consensus $X.XB)
- **Q[X] [Year] EPS:** $X.XX - $X.XX (vs. consensus $X.XX)
- **Full Year [Year]:** [If provided]

### Strategic Priorities
[Key themes from management commentary]
1. [Priority 1]
2. [Priority 2]

### Market Conditions
[Management's view on demand environment, competition, macro]

## Cash Flow and Balance Sheet

### Cash Generation
- **Operating Cash Flow:** $X.XB (+X% YoY)
- **Free Cash Flow:** $X.XB (+X% YoY)
- **FCF Margin:** X.X%

### Balance Sheet
- **Cash and Equivalents:** $X.XB
- **Total Debt:** $X.XB
- **Net Debt:** $X.XB (Debt/EBITDA: X.Xx)

### Capital Allocation
[Discussion of buybacks, dividends, capex, M&A]

## Key Surprises vs. Expectations

### Magnitude and quality
- [Beat/miss vs consensus in **% or bps**; **sigma** vs historical surprise distribution if estimable]
- **Quality of beat/miss:** revenue vs margin vs buyback vs tax vs one-timers

### Positive Surprises
1. [Surprise; sustainability; line-item]

### Negative Surprises
1. [Surprise; sustainability; line-item]

### Guidance Implications
[How guidance compared to expectations]

## Analyst Reactions

### Rating Changes
- [Firm 1]: [Action and price target]
- [Firm 2]: [Action and price target]

### Consensus View
[Summary of analyst sentiment]

## Scenario refresh (post-print)
| Scenario | Probability (%) | Updated vs pre-print | Price / range | Implied return vs spot |
|----------|-----------------|----------------------|---------------|-------------------------|
| Bull | | | | |
| Base | | | | |
| Bear | | | | |

**Probability-weighted view:** [Show EV math]

## Valuation cross-check
[Multiples vs history/peers post-print; does price embed the new guidance?]

## Investment Implications

### Business Fundamentals Assessment
[Objective assessment of results quality]

### Forward Outlook
[Implications for future quarters based on guidance and trends]

### Key Risks and Opportunities
[Balance of concerns and positive drivers]

**Closing (structured):** Net assessment: [Positive/Negative/Neutral] because [specific]; key risk: [X]; next catalyst: [Y].

## Sources
  ALWAYS include a "Sources" section at the end listing ALL documents referenced with:
   - Reference number matching the inline Superscript Numbers
   - Source name and Publication date (MMM DD, YYYY format) with a hyperlink to the URL

   **Example:**
   [1] (NVIDIA Q3 2026 Earnings Call - Nov 19, 2025)[https://www.benzinga.com/node/...]
   [2] (Benzinga - Nov 20, 2025)[https://www.benzinga.com/node/...]
   [3] (Yahoo! Finance - Jan 18, 2026)[https://finance.yahoo.com/news/...]

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## Disclaimer

This output is for informational and research-assistance purposes only. It does **not** constitute investment, legal, tax, accounting, or other professional advice, and it is **not** a recommendation to buy, sell, or hold any security or instrument or to pursue any strategy. Information may be incomplete, estimated, delayed, or inaccurate. Past performance does not guarantee future results. Verify material facts independently and consult qualified advisors before making decisions.
```

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## Thesis-status vocabulary

When the user supplied a thesis, replace the two-sided bull/bear check with an explicit status: **Intact / Strengthened / Weakened / Broken**, followed by the specific data points from the quarter that support it.

## Footer rule

The **Powered by Bigdata.com** line and the **Disclaimer** block above are mandatory and must be reproduced **verbatim**, after the Sources section, in every user-facing deliverable.