skills/earnings-deep-dive/assets/templates/tear_sheet.md

# {TICKER} — {FISCAL_PERIOD} Earnings Tear Sheet

**Event:** {EVENT_DATETIME} ({TIMEZONE})<br>
**Estimate set (as-of):** {ESTIMATE_ASOF}<br>
**Sources:** {ARTIFACT_OR_SOURCE_SUMMARY}<br>

## Bottom line
{State whether the quarter changes the thesis, estimate revision path, or stock-reaction setup.}

## Beat/Miss vs expectations
| Metric | Reported | Consensus | Δ | Surprise % | Internal | Δ | SourceTag |
|---|---:|---:|---:|---:|---:|---:|---|
| Revenue | {reported / not disclosed} | {consensus / not provided} | {Δ / not provided} | {surprise / not provided} | {internal / not provided} | {Δ / not provided} | {SourceTag} |
| GAAP EPS (Diluted) | {reported / not disclosed} | {consensus / not provided} | {Δ / not provided} | {surprise / not provided} | {internal / not provided} | {Δ / not provided} | {SourceTag} |
| Op Inc / EBITDA (specify) | {reported / not disclosed} | {consensus / not provided} | {Δ / not provided} | {surprise / not provided} | {internal / not provided} | {Δ / not provided} | {SourceTag} |
| Key KPI (specify) | {reported / not disclosed} | {consensus / not provided} | {Δ / not provided} | {surprise / not provided} | {internal / not provided} | {Δ / not provided} | {SourceTag} |

## EPS quality screen
| Check | Status | Read-through | SourceTag |
|---|---|---|---|
| GAAP EPS versus operating / adjusted EPS | {expanded bridge required / no material trigger / source not provided} | {recurring-earnings implication} | {SourceTag} |
| Below-the-line, tax, mark-to-market, share-count, or non-recurring items | {identified / not identified / source not provided} | {what to exclude, isolate, or monitor} | {SourceTag} |

## Guidance delta
| Metric | Period | Guide (Low) | Guide (High) | Mid | Consensus | Δ(mid) | Internal | Δ(mid) | SourceTag |
|---|---|---:|---:|---:|---:|---:|---:|---:|---|
| Revenue | {period} | {low / not guided} | {high / not guided} | {mid / not guided} | {consensus / not provided} | {Δ / not provided} | {internal / not provided} | {Δ / not provided} | {SourceTag} |
| GAAP EPS (Diluted) | {period} | {low / not guided} | {high / not guided} | {mid / not guided} | {consensus / not provided} | {Δ / not provided} | {internal / not provided} | {Δ / not provided} | {SourceTag} |

## Drivers (2–3 load-bearing; add more only if needed)
- {Driver 1 — causal, source-supported}
- {Driver 2}
- {Driver 3}

## Key quotes (4–8 complete quotes)
> **[{TopicTag}] {Speaker} ({Section})**: “{Quote}”<br>
> Why it matters: {Model/thesis implication}. Source: {SourceTag}

## Model impact
| Metric | Period | Source type | Value / range | Formula or assumption | Confidence | Source |
|---|---|---|---:|---|---|---|
| Revenue | {period} | {reported actual / company-guided / analyst-derived / not provided} | {value} | {formula or assumption} | {confidence} | {SourceTag} |
| EBITDA / operating-profit proxy | {period} | {company-guided / analyst-derived / not guided} | {value} | {formula or assumption} | {confidence} | {SourceTag} |
| FCF | {period} | {company-guided / analyst-derived / not guided} | {value} | {formula or assumption} | {confidence} | {SourceTag} |

## Watch list (next quarter)
1. {Watch item}
2. {Watch item}
3. {Watch item}
4. {Watch item}
5. {Watch item}

## Source notes / limits
- {Label web fallback, third-party transcript, missing consensus timestamp, or analyst-derived proxy assumptions.}