Registered User
Joined: 5/17/2005
Posts: 8
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Can someone help create a scan to do the following:
(a) a decline in annual earnings and an estimate of either an annual loss or another decline in annual earnings, plus two down quarterly earnings or two negative quarterly earnings;
or
(b) two quarterly earnings down 40% or more, or two negative quarterly earnings with acceleration in the decline.
Is this possible with Telechart?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The built in Fundamental System Criteria most related to your request would appear to be:
Definitions of all built in scanning and sorting criteria
Earnings ($Millions) 1-Yr - This is the sum of the trailing 4 quarters of net income (profit) as taken from the quarterly report. This is not the earnings per share. This value will also provide some insight into company size. It reads in millions of dollars.
Earnings Growth Rate 5-Yr - The compound annual earnings per share 5-year growth rate. In looking for quality companies, well established companies of good size, this criterion is indispensable. The units are in percentages.
EPS Latest Qtr - Fully Diluted earnings per share from Total Operations, as taken from the latest 3-month ending period.
EPS Percent Change (Latest Q) - The percentage change in earnings per share from the comparable quarter a year before. Timely stocks will usually have strong recent quarterly earnings to validate the annual earnings strength. This reads in percentage.
EPS Percent Change (2nd Q back) - The percentage change in earnings per share from the comparable quarter a year before.
EPS Percent Change (3rd Q back) - The percentage change in earnings per share from the comparable quarter a year before.
EPS Percent Change (4th Q back) - The percentage change in earnings per share from the comparable quarter a year before.
EPS Percent Change (Latest Yr) - The percentage change in earnings for the latest 4 quarters compared to the preceding 4 quarters. An appropriate criterion to include in many types of screens. Also a common criterion to sort by, with the best earners on top.
TeleChart only has the most recent value for each of these Fundamental System Criteria. This means you could use EPS Percent Change (Latest Yr), EPS Percent Change (Latest Q) and EPS Percent Change (2nd Q Back) to get portions of your request by using them as EasyScan Conditions.
Using EasyScan to find stocks that meet your own criteria
TeleChart does not have built in Fundamental System Criteria for earnings estimates or actual earnings except one year. There is no way to compare the EPS for quarters beyond what has already been done with the already existing EPS Percent Change Criteria which provide comparisons to the quarter from the year before.
-Bruce
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