Earnings Preview

Everything in this note locates the stock against one object: the bar, the level of results the market is already positioned for. Consensus is one input to the bar, not the bar itself. The preview says where the bar sits, what could clear or miss it, what to listen for on the call, and what the reaction is likely to be if the print lands each way.

After the print, route to .agents/skills/earnings-analysis/SKILL.md.

Evidence labels, source tiers, staleness, the readiness posture and the intake limits: .agents/skills/research-conventions/SKILL.md, read before the first deliverable.

Route

The full preview is the default. A short version is produced only when the user asks for one, and it is rebuilt at the lower depth rather than truncated (.agents/skills/research-conventions/references/depth.md): the freeze time, the source posture, the bar numbers, the top two debates, the must-watch call questions and the missing-evidence block all survive the rebuild.

Missing inputs never shorten the note. A section whose input is unavailable keeps its heading and carries a labelled gap saying what is missing and what would supply it. A short note reads as a thin setup; a full note with three labelled gaps reads as the truth.

Correctness rules

Every number follows the shared market-data rules: .agents/skills/research-conventions/references/market-data-rules.md covers fiscal periods, per-company LTM, NTM as four quarterly estimates, one base date for comparative returns, shown arithmetic, rate against level changes, margin selection and date-stamping. Read it before the first pull.

Preview-specific, on top of those: