If you are an active equities investor, keeping up to date with the companies’ earnings and corporate news is a must. Important insights can be gleaned that enables one to assess whether the original investment thesis remains intact. Yet, it is also a common pain point amongst investors to have to sieve through the mountain of financial information during earnings season when companies rush to release their financial reports. This is why I see the utility of Moomoo’s latest feature, visualised earnings reports. It allows its users to view earning reports of stocks at a glance and here is my review.
Moomoo’s Visualised Earnings Reports In 1 Page
The utility of Moomoo’s visualised earnings report lies is its ability to solve real life pain points faced by investors:
1) It converts convoluted financial data into charts that are easy to read
This is almost like adopting the good principles of Presentation 101- important financial numbers are presented in easy-to-interpret diagrams while for those who require more information can refer to the detailed financial statements which are just a click away.
Most importantly, I feel that this feature allows investors who are not trained in finance to still be able to follow the financial statements published by these publicly listed companies.
I spoke to Moomoo SG and they are planning to roll out Earning Reports for Singapore stocks by end of Q4 2023. That will be another value-added service that I am sure its Singapore-based clients will definitely appreciate!
2) It summarises key information and highlights in Earnings Hub
Besides financial information being presented in appealing visuals, key information from various news sources and conference call highlights are available in Earnings Hub for convenient access. This allows investors to use Moomoo as a one-stop platform to get all the information required to analyse a stock.
3) It aggregates company’s earnings dates into an Earnings Calendar
The day the company publishes its financial statements is usually a nervy one for both management and shareholders. That is because one can expect heavier trading volume and larger price movement depending on whether the company misses, meets or beats market’s expectations. More critically, the stock price can be heavily affected by management’s guidance for future earnings. Therefore, it is important for active investors to know when the companies on their watchlist are releasing their results to ensure timely action can be taken with your warchest. For instance, some of my idle funds was parked at Moomoo Cash Plus account.
Another enhanced feature is to set personalised alerts on your phone to ensure that you never miss the date. For active investors, we all know how costly these mistakes can be.
4) It summarises market estimates of stocks
Once earnings of a company is released, market reaction will be swift and decisive. Reaction time could be in the seconds to minutes and hence it is important to understand if the company misses or beats market expectations.
On Moomoo’s earnings hub, financial estimates provide a clue of market expectation of the stock. Once the financial results are published, you can compare the actual result with estimates and make a quick and informed decision.
How To Access Moomoo’s Earnings Reports?
Diagram 5.1 & 5.2 are step-by-step guides to access Moomoo’s Earnings Hub (where Earnings Report can be found) and Earnings Calendar.
As a tip, please make sure that the version of your Moomoo mobile app is most up to date first. Do update it to ensure that these new features appear on your mobile phone.
Alternatively, if you want to jump straight to the Earnings Report of the specific stock on your watchlist, follow the infographic in Diagram 6.
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As an active investor myself, I belong to the hardcore type who makes detailed notes on the company that I am prospecting. I also regularly update the notes upon earnings release to verify my investment thesis. While Moomoo’s latest service offering of the Earnings Report does not entirely displace my personal notes, I am glad that it has been rolled out. That is because I can now view the financial results conveniently and quickly whenever I need to assess the stock’s financial health. It saves me the trouble of reading my personal notes which is often a time-consuming affair!
Disclaimer: All views expressed in the article are the independent opinion of Heartland Boy. Neither Moomoo Singapore or its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.