When Companies Report Early: What Happens to Earnings and the Stock?
I looked at 19,782 earnings releases from S&P 500 companies over 10 years to see whether reporting a week ahead of the usual date means better or worse news. Here’s the full report.
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A 113-page study of earnings-date shifts in the S&P 500, 2016-2026.
What can you do?
See whether companies that report a week+ early beat the EPS estimate more or less often than on-time reporters.
Compare the next-day stock move vs the S&P 500 for early, on-time and late reports.
See whether a simple “buy the early reporter” trade held up on years it was not built on.
What will you get?
The full PDF report: verdicts, charts, sector breakdowns and case studies, including Meta’s early Q3 2026 report.
The method in plain words: how each company’s usual date is set and how every result is tested against chance.