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  • Delayed reports in MarketGrader Research? 2 comments
    Jun 16, 2011 9:10 PM
    Question: How current can one expect MarketGrader's analysis/information to be in reference to a comany's SEC filings? I have been using it for two days and found the information lag-time between SEC filing date and MG analysis to be 6 weeks or longer.

    Any insight will be appreciated since my trial period expires within 10 days.

    Thank you.
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  • MarketGrader
    , contributor
    Comments (4) | Send Message
    Dear BcBach:


    I'm writing in response to your question last night about the timeliness of MarketGrader's reports, particularly as they appear in our Seeking Alpha MG Research application.
    MarketGrader updates all company reports as soon as new company financials are released; most times this happens within 24 hours of an earnings report. And for those companies that did not report, say, the day before, all the ratios that use price are based on the previous day's close. In the case of our Sentiment signal, in which stock prices play a significant role, it is also updated daily. The following are a few examples of companies that reported earnings this week and of places in the application where you may see how recent our report is.


    - Kroger (KR) reported earnings yesterday (6/16). If you go to the Overview page, you will see that the company's next earnings report, on the table at the bottom of the page, is already listed as 9/14/11. To the right of that you will see that we upgraded the stock this morning (6/17) from Hold to Buy following yesterday's report.
    If you click on the Quadrant link, and then click on the Growth section of the quadrant, in the text portion you may read, at the beginning of the last paragraph, how the latest earnings report used in our report is yesterday's report.
    If you click on the Financials link, you may see in each of the three boxes at the top of the page that the company's latest Revenue, Net Income and Cash Flow reflect values for the period ended 4/30/11; that's what the company reported yesterday. Consequently, all 12-month trailing figures cited on those table also take into account this most recently reported quarter. If you scroll all the way to the bottom of that same page, you will find in the Margins section that the values are also based on yesterday's results. If you hover your cursor over the bar on the right side of the section you will notice that each margin value mentions 4/30/11 as the latest reported quarter.
    If you click on the Earnings & Dividends link you may also see evidence of yesterday's report. On the Summary table at the top of the page you may see that we list the latest report date as 6/16/11, in which the company reported EPS of $0.70 vs. a consensus estimate of $0.64.


    A few other examples of companies that reported this week, which I encourage you to check for timeliness are Pier 1 Imports (PIR - 6/16/11); Smithfield Foods (SFD - 6/16/11); Best Buy (BBY - 6/14/11).


    This, generally speaking, applies to all companies in our coverage universe. If you do find any companies that have not been updated on a timely manner please don't hesitate to let us know and we'll look into them. In the meantime I hope you enjoy the use of the MarketGrader Research application. Thank you.




    Carlos Diez
    President & Director of Research
    17 Jun 2011, 10:38 AM Reply Like
  • bcbach
    , contributor
    Comment (1) | Send Message
    Author’s reply » Carlos!


    Thank you for your timely reply and information. Needless to say I am a business owner, and continuously surprised with Seeking Alpha's format and now feel the same of its customer service. If the formula of every business operation lies within quality, customer service and price - you guys take the cake. Well done SA and much success to you and the crew in the future.


    Kind Regards,


    P.S. Can you please direct me to ANYWHERE on the web I can actually listen to companies' earnings statements, rather than the written transcripts? I'm embedded within the next generation of investors and we just love to multi-task. Thanks a billion.
    18 Jun 2011, 10:57 AM Reply Like
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