LevelUp ▪ Earnings Line - Quarterly EPS
The LevelUp Earnings Line plots quarterly earning per share (EPS) data providing a visual representation of the earnings trend over time.
Earnings are a foundational concept that can have a significant impact on a stock's longer term performance. With the option to view earnings as a plot versus a table of statistics, you can quickly identify earnings acceleration or deceleration. A steep line upwards from one earnings release to another, or a series of progressively higher EPS values, indicates a strong earnings trajectory. The more pronounced the acceleration, the more likely the company is to outperform the market.
At each quarterly earnings release you can view the details for Reported (non-GAAP), Diluted and Basic EPS by hovering over the plotted symbols on the earnings line.
This indicator uses TradingView's financial functions to request the following EPS data:
▪ Reported (non-GAAP): this is one of the most popular ways to view earnings information. With non-GAAP, companies often exclude nonrecurring charges such as acquisitions and restructuring costs as these items are often not indicative of a companies overall performance.
▪ Basic: net income minus preferred dividends divided by the average number of common shares outstanding.
▪ Diluted: net income minus preferred dividends divided by the average number of common shares outstanding & convertible preferred shares such as convertible debt, equity options and warrants.
Although the quarterly earnings data is the same across all timeframes, viewing the longer term trend versus the shorter term trend is relevant based on the objectives of the investor. For example, the earnings growth on a monthly chart provides the big picture view, which may span years. This can be helpful for investors interested in more of a buy and hold approach.
The earnings trend on weekly and daily charts has fewer data points simply based on the shorter timeframe. This information is helpful for investors who are more focused on trades that may be weeks or months in length. The momentum and direction of the current earnings trend is of great importance for those looking to ride the current trend.
Summary:
Historical models have shown the best-performing companies have consistent earnings growth. Whether you are looking short or long term, understanding the earnings trend is a key factor in determining the potential price direction.
Key Features:
▪ Choose the EPS to plot: Reported (non-GAAP), Basic or Diluted.
▪ View stats for all EPS types.
▪ Plot on daily, weekly and monthly timeframes.
Move Earnings Line To Main Chart
▪ Click on the indicator name on left side of the chart.
▪ Select the "..." option.
▪ Use the "Move-to" option to change the location of the earnings line.
▪ To hide the EPS scale on the left, select the "..." option.
▪ In "Pin to scale" select the "No scale (fullscreen)" option.
The LevelUp Earnings Line is included the LevelUp Tools suite of TradingView indicators for trend followers.
Earnings are a foundational concept that can have a significant impact on a stock's longer term performance. With the option to view earnings as a plot versus a table of statistics, you can quickly identify earnings acceleration or deceleration. A steep line upwards from one earnings release to another, or a series of progressively higher EPS values, indicates a strong earnings trajectory. The more pronounced the acceleration, the more likely the company is to outperform the market.
At each quarterly earnings release you can view the details for Reported (non-GAAP), Diluted and Basic EPS by hovering over the plotted symbols on the earnings line.
This indicator uses TradingView's financial functions to request the following EPS data:
▪ Reported (non-GAAP): this is one of the most popular ways to view earnings information. With non-GAAP, companies often exclude nonrecurring charges such as acquisitions and restructuring costs as these items are often not indicative of a companies overall performance.
▪ Basic: net income minus preferred dividends divided by the average number of common shares outstanding.
▪ Diluted: net income minus preferred dividends divided by the average number of common shares outstanding & convertible preferred shares such as convertible debt, equity options and warrants.
Although the quarterly earnings data is the same across all timeframes, viewing the longer term trend versus the shorter term trend is relevant based on the objectives of the investor. For example, the earnings growth on a monthly chart provides the big picture view, which may span years. This can be helpful for investors interested in more of a buy and hold approach.
The earnings trend on weekly and daily charts has fewer data points simply based on the shorter timeframe. This information is helpful for investors who are more focused on trades that may be weeks or months in length. The momentum and direction of the current earnings trend is of great importance for those looking to ride the current trend.
Summary:
Historical models have shown the best-performing companies have consistent earnings growth. Whether you are looking short or long term, understanding the earnings trend is a key factor in determining the potential price direction.
Key Features:
▪ Choose the EPS to plot: Reported (non-GAAP), Basic or Diluted.
▪ View stats for all EPS types.
▪ Plot on daily, weekly and monthly timeframes.
Move Earnings Line To Main Chart
▪ Click on the indicator name on left side of the chart.
▪ Select the "..." option.
▪ Use the "Move-to" option to change the location of the earnings line.
▪ To hide the EPS scale on the left, select the "..." option.
▪ In "Pin to scale" select the "No scale (fullscreen)" option.
The LevelUp Earnings Line is included the LevelUp Tools suite of TradingView indicators for trend followers.
Release Notes:
Version 1.1
New earnings stats for each quarterly report, including next quarter estimate.
What's New:
▪ Quarterly estimated earnings.
▪ Quarterly surprise as percent (%).
▪ Next quarter estimate shown on the last quarterly report.
New earnings stats for each quarterly report, including next quarter estimate.
What's New:
▪ Quarterly estimated earnings.
▪ Quarterly surprise as percent (%).
▪ Next quarter estimate shown on the last quarterly report.
Release Notes:
Version 1.2
Visualize the trajectory of the next quarter earnings estimate.
What's New:
▪ At a glance, view the next quarter estimate to anticipate the direction of the trend.
▪ Hover over the estimate for additional earnings information.
Visualize the trajectory of the next quarter earnings estimate.
What's New:
▪ At a glance, view the next quarter estimate to anticipate the direction of the trend.
▪ Hover over the estimate for additional earnings information.
Release Notes:
Version 1.3
What's New:
▪ Year-Over-Year (YOY) data is now included for each quarterly earnings summary.
▪ Option to show data only for selected earnings type, simplifying the earnings summary.
What's New:
▪ Year-Over-Year (YOY) data is now included for each quarterly earnings summary.
▪ Option to show data only for selected earnings type, simplifying the earnings summary.
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Paypal Donation: is.gd/PayPal_Donation (thank you!)