Company Insights include earnings reviews written by AI from a company’s results documents, analysts’ estimates and other published information. Each review grades 1 reported quarter. This guide explains each part, and what to check yourself.
Who can read them?
Free accounts and guests can read Company Insights for 5 companies a month, Pro for 10, and Pro+ for every company. They are saved reviews: a stock has one only when a review has been written for it, and each one reflects what was known on the day it was made.
What is in a review?
The Earnings tab usually opens on a Summary. When a longer review exists too, a switch offers Detailed. From the top, the Summary shows:
- Documents strip: a tick or a cross for each company document the review read for that quarter: the call transcript, the earnings release or interim report, and the slides.
- Verdict: Great, Good, Neutral or Bad.
- Guidance tags: for the year and for the quarter, whether guidance was raised, lowered, maintained or mixed, and whether it sits above, below or in line with consensus (the analysts’ average).
- Period and date: the quarter reviewed and the day its results came out.
- Summary: 3 to 5 sentences on what happened and why.
- Key numbers: a table of 6 to 10 lines, explained below.
- Guidance: each guided item, with the old and new target and management’s reasons.
- Bottom line: 1 sentence that says what decided the verdict.
Detailed adds more sections when the review has them, such as Reading the numbers, Positives, Main concern, Call tone and What to watch.
How is the verdict decided?
It weighs 3 things together:
- The results on the measures investors judge that company by, with one-off items taken out.
- The outlook, with the full-year view counting most. A cut to guidance is weighed by how much of the business it touches.
- The trend in margins, cash, debt and the number of shares.
Bad is kept for quarters that are negative on balance. The verdict grades the quarter. It is not a view on the share price, and no verdict is a buy, sell or hold call.
How do you read the Key numbers table?
A made-up quarter for a made-up company:
| Metric | Prior | Actual | YoY | vs Estimate |
|---|---|---|---|---|
| Revenue | ₹1,050 Cr | ₹1,200 Cr | +14.3% | ₹1,180 Cr, beat |
| EBITDA | ₹200 Cr | ₹240 Cr | +20.0% | ₹250 Cr, miss |
| Diluted EPS | ₹10.00 | ₹12.40 | +24.0% | ₹12.00, beat |
- Prior and Actual: the same quarter a year earlier, then this quarter.
- YoY: the change on the year.
- vs Estimate: the analysts’ estimate, and whether the figure beat it, missed it or came in line. Where there is no estimate but the company gave guidance, the line is judged against that guidance and marked “(guide)”.
- Why: a last column names the main causes of each move, with their own numbers where the company gave them.
In the example, revenue beat while EBITDA (profit before interest, tax, depreciation and amortisation) missed: sales grew, but costs rose faster than analysts expected. The Why column is where to look for the reason.
What should you check yourself?
- The period: make sure the quarter and date are the ones you mean.
- The documents strip: without the call transcript, tone and targets given only on the call may be missing. The strip says so.
- Guidance against consensus: these are 2 separate questions. Raised guidance can still sit below what analysts expected.
- The verdict against the bottom line: see which part decided it, and whether you would weigh it the same way.
- Key figures against the filing: AI can invent facts, misread filings, use the wrong period or rely on weak sources. Check important numbers in the company’s own results.
- The date: a review is not updated when new results, news or prices arrive.
See it in the app
Open a stock and choose Company Insights (Insights on a phone). Free and guests can read them for 5 companies a month, Pro for 10, and Pro+ for every company. More on the pricing page.