Annual Report
A company yearly financial disclosure used to judge its fundamentals and earnings quality.
Quick answer
An annual report is a company yearly financial disclosure, the core document for fundamental analysis.
Definition
An annual report is a company official yearly disclosure of its financial statements, strategy and risks. It is the primary document fundamental analysts read to judge whether a business is improving or deteriorating. For index and equity traders it is a scheduled event that can move the stock sharply when released.
How It Works
- It is published once a year for shareholders
- It contains income, balance sheet and cash flow
- It is a scheduled catalyst for the stock
Trading Tips
1
Read it for earnings quality, not just headline profit
2
Compare this year report to the prior one
3
Time entries around the release date
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