Writing in Seeking Alpha, Dr. Ernest Chan looks at the impact of moving an earning’s date has on the company’s actual results.
He backtested his strategy using Wall Street Horizon (WSH)’s expected earnings dates data. WSH’s data was used instead of Yahoo! Finance, Compustat, or even Thomson Reuters’ I/B/E/S earnings data because only WSH’s data is “point-in-time”. WSH captured the expected earnings announcement date on the day before the announcement, just as we would have if we were live trading.
Read the full article here.