Historical Earnings Trend Indicator for ThinkorSwim

[MerryDay]

I am looking to see only the yearly EPS. Is there a function that I can use in the code to plot that? I tried EarningsPerShare TTM but that plotted too many data points. I am trying to only connect total yearly earings (one point per year).Thanks

If you use a yearly aggregation then by default you get one point per year

 

[stormy77]

Is there a way to make the range of the study set to auto? I'm using this at the bottom of my chart and some values are getting cut off. They are seen if I expand the study area vertically

 

[MerryDay]

Is there a way to make the range of the study set to auto? I'm using this at the bottom of my chart and some values are getting cut off. They are seen if I expand the study area vertically

no

 

[mbrennan5]

Is there a way to measure the change of the EPS? Either via the line angle or the % change in EstEarning /EstEarning [1]?

def height = EPS - EPS [1];
def x = ROUND((ATan(height)) * (180 / Double.Pi),0);

 

[MerryDay]

Is there a way to measure the change of the EPS? Either via the line angle or the % change in EstEarning /EstEarning [1]?

def height = EPS - EPS [1];
def x = ROUND((ATan(height)) * (180 / Double.Pi),0);

This will further your quest:
https://usethinkscript.com/threads/how-to-find-slope-of-line-in-thinkorswim.8936/

 

[DR44]

This indicator will display past earnings.
This can be beneficial for traders who use historical earnings data, to help identify trends, patterns, and potential risks as part of their investment decision.

• Red Squares = Earnings Lower
• Green Square = Earnings Higher
• Red Arrow = Earnings below estimates
• Green Arrow = Earnings above estimates
• Point of Arrow = Earnings estimates

View attachment 5368

Another great share by @KRose_TDA on Twitter.

thinkScript Code

#Follow @KRose_TDA on twitter for free updates posted for this and other scripts
#Earnings trend study is used as part of the generating income with dividend stocks webcast presented Monday nights @ 7PM ET   https://events.thinkorswim.com/#/webcast
# I build custom studies like earnings trend as part of my Thursday night thinkscript webinar @ 5:30PM ET
#     https://events.thinkorswim.com/#/webcast
#This study creates a line chart tracking the trend of a stock's quarterly EPS values(it doesn't work for ETFs).A red square appears when Earnings Per Share(EPS)is lower than the prior quarter's EPS, and a dark green square appears when EPS is higher than the previous quarter's EPS. The arrows represent a comparison of an analyst's estimated EPS for that quarter versus the actual EPS. If the arrow is colored Green, the company's actual EPS was greater than the analyst estimates. If the actual EPS was less than the analyst estimates, the arrow will be Red. The point of the arrow equals analyst estimate value.

declare lower;
declare Hide_on_intraday;

def EPS = if !isNaN(GetActualEarnings()) then GetActualEarnings() else EPS[1];

plot EPS_line_chart = GetActualEarnings();
EPS_line_chart.EnableApproximation();
EPS_line_chart.SetDefaultColor(color.black);

plot earnings_date = GetActualEarnings();
earnings_date.SetPaintingStrategy(PaintingStrategy.squares);

earnings_date.AssignValueColor(if EPS > EPS[1] then color.dark_green else color.red);
earnings_date.SetLineWeight(5);

plot EstEarning = GetEstimatedEarnings();
EstEarning.SetPaintingStrategy(PaintingStrategy.arrow_up );

EstEarning.AssignValueColor (if EstEarning < EPS then color.DARK_GREEN else color.DARK_RED);
EstEarning.SetLineWeight(5);

# end code

Shareable Link

https://tos.mx/gt605c

Hello, I am looking for some help with the above script. Specifically, I am attempting to do two things.

First, I am trying to modify the above script to use as a scanner when there are 3 green boxes in a row. Essentially, I want to find stocks that have increased, or accelerating, earnings over the previous 3 quarters.

I believe it would be with this line:
earnings_date.AssignValueColor(if EPS > EPS[1] then color.dark_green else color.red);
earnings_date.SetLineWeight(5);

Would I have to use the "and" function? If EPS > EPS [1] and EPS[1] > EPs [2] and EPS[2] > EPS [3]


My second attempt is to look for stocks that have increased from the same quarter of the previous year. I think I worked that out with this:

earnings_date.AssignValueColor(if EPS > EPS[4] then color.dark_green else color.red);
earnings_date.SetLineWeight(5);

By changing the EPS[1] to EPS[4], would it look at 4 quarters ago? Again, how would I turn this into a scan?

Thanks!

 

[useThinkScript]

Hello, I am looking for some help with the above script. Specifically, I am attempting to do two things.

First, I am trying to modify the above script to use as a scanner when there are 3 green boxes in a row. Essentially, I want to find stocks that have increased, or accelerating, earnings over the previous 3 quarters.

I believe it would be with this line:
earnings_date.AssignValueColor(if EPS > EPS[1] then color.dark_green else color.red);
earnings_date.SetLineWeight(5);

Would I have to use the "and" function? If EPS > EPS [1] and EPS[1] > EPs [2] and EPS[2] > EPS [3]


My second attempt is to look for stocks that have increased from the same quarter of the previous year. I think I worked that out with this:

earnings_date.AssignValueColor(if EPS > EPS[4] then color.dark_green else color.red);
earnings_date.SetLineWeight(5);

By changing the EPS[1] to EPS[4], would it look at 4 quarters ago? Again, how would I turn this into a scan?

Thanks!

Unfortunately no.
Fundamentals can not be used in custom scans.
read more:
https://usethinkscript.com/threads/...labels-for-thinkorswim.5308/page-4#post-88803

 

[Goob]

def eps = GetActualEarnings();
AddChartBubble(eps,close,eps,color.YELLOW);

I am finding many stocks with missing earnings data for the last quarter of 2023. (see HSY, JNJ, KO) Is this common for thinkorswim to have unusable data?


Recursion doesn't solve the problem of missing data. Look at KO. On 10/24/23 it reported earnings of 0.74 but there is no value returned for that date. Even the default chart shows an earnings date icon on the chart but no reported value. This is the same for many stocks. missing data == unusable data

 

[shakib3585]

Hello All,

I am requesting a thinkcript that plots earnings vs. time. I intend to plot the graph on the main price action chart. I tried using the attached script but could not see the plot. Can anyone please help?

Thank you very much

def Earn = GetactualEarnings();
plot a = earn;

 

[useThinkScript]

Recursion is the key to finding data that occurred on candles past.

@Goob
Here are all KO earnings data points.
As you can see, the stock KO is not missing any data.

@shakib3585
To learn more about this chart and the script that created it:
https://usethinkscript.com/threads/historical-earnings-trend-indicator-for-thinkorswim.611

 

[shakib3585]

Recursion is the key to finding data that occurred on candles past.

@Goob
Here are all KO earnings data points.
As you can see, the stock KO is not missing any data.

@shakib3585
To learn more about this chart and the script that created it:
https://usethinkscript.com/threads/historical-earnings-trend-indicator-for-thinkorswim.611

Thank you so much @useThinkScript

 

[phanitrades]

Hi,

Can anyone help with study that Yearly sales and earnings of past few years and estimated Yearly sales and earnings for next 2 years. Also YOY increases or decreases

Similarly for quaterly sales and earnings. something like attached image.


Thanks,
Phani

 

[useThinkScript]

Hi,

Can anyone help with study that Yearly sales and earnings of past few years and estimated Yearly sales and earnings for next 2 years. Also YOY increases or decreases

Similarly for quaterly sales and earnings. something like attached image.


Thanks,
Phani

The ToS platform provides limited ability to interact with fundamentals.
If you are asking for labels on a chart; here is what is available:
https://usethinkscript.com/threads/financial-fundamentals-labels-for-thinkorswim.5308/

If you are asking for a scan of fundamentals; here is what is available:
https://usethinkscript.com/threads/...or-basic-fundamental-analysis.866/#post-49702