Endless Earnings

It’s earnings season again, however, unlike other seasons, this one lasts all year! It’s because public firms must report earnings within 35 days of the quarter close. Since there are thousands of firms and their quarters end at different times, earnings releases are an almost daily occurrence. However, many firms have the same quarter end dates (3/31, 6/30…) thus earnings reports are clustered, and each cluster is a “season”.