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Wall Street Horizon launches Late Earnings Report Index

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Wall Street Horizon, a provider of corporate event data, has launched the LERI (Late Earnings Report Index), aimed at traders and investors. The index allows investors to factor in the market intelligence derived from US companies releasing earnings later than their historical average, which typically signals negative news on the horizon.

The timing of a firm’s earnings release is one indicator of its financial health, according to findings from recent independent academic research.  The LERI tracks how many off-trend earnings date confirmations are later or earlier than their historical norm. A reading over 100 demonstrates more companies are delaying reports and is meant to be watched carefully.
 
For the Q2 earnings season, Wall Street Horizon reports a LERI of 144, surpassing the Q1 2020 reading of 133 when companies were grappling with the beginning of the COVID-19 pandemic. The LERI has been trending higher in recent quarters, indicating that US companies are exhibiting signs of uncertainty regarding growth expectations.

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