Equity Research Earnings Update

Create professional EARNINGS UPDATE REPORTS analyzing quarterly results for companies already under coverage, following institutional standards (JPMorgan, Goldman Sachs, Morgan Stanley format).

Key Characteristics:

• Length: 8-12 pages
• Word Count: 3,000-5,000 words
• Tables: 1-3 summary tables (NOT comprehensive)
• Figures: 8-12 charts
• Turnaround: 1-2 days (within 24-48 hours of earnings)
• Audience: Clients already familiar with the company
• Focus: What's NEW - beat/miss, updated estimates, thesis impact
• Font: Times New Roman throughout (unless user specifies otherwise)

When to Use

Use when the user requests:

• "Create an earnings update for [Company] Q3 2024"
• "Analyze [Company]'s quarterly results"
• "Post-earnings report for [Company]"
• "Q1/Q2/Q3/Q4 update for [Company]"

Do NOT use if:

• User requests "initiation report" → Use different skill
• User requests "flash note" or "quick take" → Different format
• Company is not already covered → Need initiation first

Critical Requirements

1. Speed & Timeliness

• Publish within 24-48 hours of earnings release
• Focus on NEW information only
• Don't rehash company background extensively

2. Beat/Miss Analysis

• Lead with whether company beat or missed estimates
• Quantify variances (e.g., "Revenue beat by $120M or 3%")
• Explain WHY results differed from expectations

3. Summary Format

• Keep tables to 1-3 (summary only, not comprehensive)
• No full P&L/Cash Flow/Balance Sheet (just key metrics)
• Assume reader has seen initiation report

4. Citations & Source Attribution ⭐⭐⭐ MANDATORY

CRITICAL: Properly cite all data with SPECIFIC sources and CLICKABLE HYPERLINKS.

Include specific citations WITH CLICKABLE LINKS in every figure and table: