Wall Street Horizon Blog

Wall Street Horizon Earnings Dates Are the Most Accurate; Why Investor Conferences Are So Important

Posted by Eric Soderberg on Jan 14, 2016 2:41:22 PM

Wall Street Horizon earnings dates are the most accurate available.  There, I said it.  Over the past month or two on this blog I have tried creative ways to make that point but today I figured I would stop beating around the bush and just give it to you straight.  I also wanted to reinforce why investor conferences are such important corporate events, and why investors, traders and investor relations professionals should also pay close attention to them and the companies that are presenting.

Allscripts (NASDAQ: MDRX) will be reporting its Q4 and full year audited results on February 18th, 2016.  Not true according to the likes of Bloomberg, Estimize, Yahoo Finance, Earnings Whispers, Money.Net, etc.  As of 4:00pm ET yesterday all of these services had Allscripts results coming out sometime between February 24 and 29.

MDRX_Competitor_Dates_1_13_16.png

Why the disparity?  It's simple really, Wall Street Horizon specializes in, and focuses entirely on, corporate event dates and related event information.  Our data gathering process has been fine-tuned over the past decade and we employ a range of technologies.  From using the latest automated data gathering tools and machine readable feeds to our proprietary forecasting algorithms.  This technology supports our operations and data analyst teams who know who to talk to and where to look for the most accurate and up-to-date information.  As for Allscript's next earnings date . . . slide #29 of their investor presentation from this week's J.P. Morgan Healthcare Conference in San Francisco, CA.

Allscripts_Earnings_Date_Q4_2015.png

And speaking of the J.P. Morgan Heathcare Conference, if you are not familiar with it, it is the Super Bowl for biotech companies and the people who analyze and invest in them.  CEOs and CFOs of many public and private companies (our tally for this event is 101 public companies) show up for this event loaded for bear with presentations full of colorful graphics, current financials and charts with lots of hockey stick shaped lines on them. 

I suppose it should come as no surprise then that if a company CEO or CFO is scheduled to present in front of an audience of hundreds of institutional investors and analysts, you might see some upward or downward movement in that company's stock price depending on whether or not the audience buys the company's pitch.  Here's Allscripts stock price around the time of their presentation when they gave guidance for record Q4 bookings:

Allscripts_Stock_Chart_1_14_16.png

And here is what the stock price looked like for Alere (NYSE ALR) who was one of the first companies to present on Monday, January 11 at 10:30 AM ET.  (Note to investor relations professionals: if you want to include material non-public information in your conference presentation, and don't want trading on your stock to be halted, don't wait until 10 minutes before the presentation to file your 8-K. And try not to do it during market hours.)  (Maybe it was the time-change that caused this to happen?)

Alere_Stock_Chart_1_14_16.png

With over 100 public companies presenting at the J.P. Morgan conference I could continue on with the stock charts, but you probably get the idea.  Investor conferences are important corporate events as they undoubtedly cause volatility in the stock prices of those companies that are presenting.  They can also be a great source of information on companies for everything from quarterly revenue guidance, product development pipelines and yes, forward-looking earnings dates.

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