New Earnings Features on thinkorswim

thinkorswim has developed a new interface dedicated to researching the effects that earnings announcements have on securities and derivatives pricing

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Earnings announcements are crunch time. Each quarter, publicly-traded companies are obliged to share fundamental information on the state of their business, most critically, on the earnings and revenue that the company produced. Securities sometimes, (but not always) make significant (or small) corrections upward (or downward) in reaction to these announcements which can mean opportunities (or risks) for a trader.

In the never-ending quest to provide you the best tools for the task at hand TD Ameritrade has developed an entirely new interface dedicated to researching the effects that earnings announcements can have on securities and derivatives pricing. Read on to learn all about it.

The Earnings tab in the thinkorswim® trading platform brings to one place all of the critical information needed to analyze the pricing and volatility movements of a security around its historical earnings events.

  • On the “Fit all” and “Zoom” sections of the page, each of the previous eight quarters earnings events are shown side-by-side along with five days of pricing and volatility data before and after the event.
  • Quarterly stock price history, the historical and implied volatility and the projected and actual earnings for the security are all viewable in a comparison format.
  • Users can view the projected range from third-party Wall Street analysts as well as the crowd-sourced earnings and revenue estimates from our new third-party provider Estimize on historical and next upcoming earnings periods.*
  • The entire two-year period can be viewed simultaneously using daily data on the “Fit All” tab, or be zoomed in to show intraday (30 minute aggregation) data on the “Zoom” tab.

FIGURE 1: EARNINGS FEATURE

Quarterly stock price history shown. Chart source: thinkorswim® by TD Ameritrade.  Not a recommendation. For illustrative purposes only. Past performance does not guarantee future results.

The Compare tab allows you to overlay the most important price and volatility measures of each historical quarter.

  • The different measures of volatility and pricing can be filtered using the checkboxes on the left hand side. There is also a set of checkboxes to control which quarters are displayed.
  • Quarters can also be filtered by whether they “beat”, “met”, or “missed” the earnings or revenue estimates of either Wall Street or Estimize using the “filter” button at the top left of the Compare screen.

For more information on how to use this feature, watch the following video:

We hope you enjoy this new feature as much as we do! Be sure to let us know what you think. Reach out on Twitter or drop a line to support@thinkorswim.com.

We also just released an exciting new candlestick feature, which you can read more about here.

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* TD Ameritrade and Estimize are separate and unaffiliated companies, and are not responsible for each other’s policies or services.

  Estimize crowdsources earnings and economic estimates from hedge fund, brokerage, independent and amateur analysts. TD Ameritrade does not represent or warrant that the information is accurate, complete, reliable, or current. Clients should consider all available sources of information available before making an independent investment decision.

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