As of today, approximately 94% of the companies that Wall Street Horizon tracks have announced their earnings for this quarter. What may surprise you however is that only 85% of these companies were announcing their fiscal Q3 2015 results and only 87% had a fiscal quarter end date of September 30, 2015.You see, while U.S. companies are required to report quarterly financial results, it's up to the company as to when their financial quarter ends and what fiscal quarter/year they want to be in.
As you can see from the charts below, 604 companies have reported earnings during this cycle that had a quarter end date of something other than 9/30/15 (when the calendar quarter ends). And there were also 709 companies that announced something other than their "Q3 2015" fiscal results.
Here are some well-known companies that fit into one or both of these categories:
There are many reasons why companies operate with different quarter end dates and fiscal calendars but the main reason has to do with the industry in which the company operates. By being able to adjust the timing of their earnings reports, companies can minimize the negative seasonal effects that occur within their specific industries.
And no, Wall Street Horizon's quarter did not end on Sunday, September 6th, in fact our Q3 was just getting started. Dominos was the only company that chose that date.