Fundamental Analysis For Dummies
Book image
Explore Book Buy On Amazon
Fundamental analysts look forward to earnings season. Four times a year, shortly after the end of the quarter, companies will begin to report their financial results to investors. Because most companies are on a calendar year, the results generally start trickling out two weeks after the quarter ends.

Four times a year, usually in January, April, July, and October, thousands of companies report their financial results en masse. These times of year are called earnings season.

Aluminum maker Alcoa earned the unofficial designation as the company to kick off earnings season. The company's advanced accounting system allows it to close its books very rapidly following the end of the quarter. Alcoa for years was the first stock in the storied Dow Jones industrial average to report its earnings each quarter. Alcoa was kicked out of the Dow by shoe maker Nike in 2013 — but even to this day — many investors see Alcoa's report as the start of earning season.

Not all companies follow a calendar year. For instance, retailers generally bring in a vast majority of their sales each year during December. For that reason, many retailers close their books at the end of January, to give them time to tally up their performance in December and give a full report for the year. When a company ends its year, for accounting purposes in a month other than December, it's called a fiscal year.

About This Article

This article is from the book:

About the book author:

Matt Krantz, a nationally known financial journalist, has been writing for USA Today since 1999. He covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Matt also writes a daily online investing column called "Ask Matt," which appears every trading day at

This article can be found in the category: