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

# Earnings reaction note — report template

Follow this structure. Keep the section order. Where a table or section has no data, write "Not available" rather than dropping it. Add inline citations `[1]`, `[2]` immediately after claims, hyperlinked to the document URL.

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# [COMPANY] ([TICKER]) - Earnings Reaction

**Quarter:** [Q# FY20XX] | **Date:** [YYYY-MM-DD]

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## Headline Numbers

| Metric | Reported | Consensus | Beat/Miss | YoY Change |
|--------|----------|-----------|-----------|------------|
| Revenue | $XXM | $XXM | +/-X% | +/-X% |
| EPS | $X.XX | $X.XX | +/-X% | +/-X% |
| [Key Sector KPI] | | | | |

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## What Mattered

### Positive Surprises

1. **[Topic]**: [Detail and magnitude]
2. **[Topic]**: [Detail and magnitude]

### Negative Surprises

1. **[Topic]**: [Detail and magnitude]
2. **[Topic]**: [Detail and magnitude]

### Guidance Update

| Metric | Prior Guidance | New Guidance | Change |
|--------|---------------|--------------|--------|
| Revenue | | | |
| EPS | | | |
| [Other] | | | |

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## Thesis Check

### Original Thesis

[Brief restatement of the investment thesis]

### Thesis Status: [Intact / Strengthened / Weakened / Broken]

**Key Evidence**:
- [What in the quarter supports or challenges the thesis]
- [Specific data points]

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## Estimate Revisions Needed

| Metric | Old Estimate | New Estimate | Change |
|--------|-------------|--------------|--------|
| FY Revenue | | | |
| FY EPS | | | |
| Price Target | $XX | $XX | +/-X% |

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## Valuation Update

| Metric | Pre-Earnings | Post-Earnings |
|--------|-------------|---------------|
| Stock Price | $XX | $XX |
| NTM P/E | X.Xx | X.Xx |
| NTM EV/EBITDA | X.Xx | X.Xx |

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## Quality Signals This Quarter

| Signal | Status |
|--------|--------|
| OCF vs. Net Income | [Tracking / Diverging] |
| DSO Trend | [Stable / Rising / Falling] |
| Inventory Build | [Normal / Elevated / Concerning] |
| Guidance Credibility | [Met/Beat / Missed] |

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## Action

**Recommendation**: [Buy More / Hold / Trim / Sell]

**Rationale**: [1-2 sentences explaining the action]

**Next Key Date**: [Next earnings, investor day, catalyst]

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## Footer

## Sources

List every document referenced, numbered to match the inline citations:

- Reference number matching the inline superscript number
- Source name and publication date (MMM DD, YYYY) hyperlinked 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/...]

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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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## 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.