Conference calls are substantive conversations between company's upper management and investment banking analysts covering topics including:
These are recorded and transcribed, and made available from various sources, including company web sites. Companies don't always keep a backfile of these on their websites, so Factiva can be a good alternative.
Because analysts traditionally pull old reports as soon as they have new ones, finding historical analyst reports can be somewhat tricky.
Here are your best options for finding some (see further directions in the main box on this page):
The best stock reports are those that contain original, signed narrative analysis and quantitative predictions to go along with the historical financial information.
UST has two main resources for this content, Standard & Poor's and ValueLine, and a third resource for slightly outdated primary analysis, OneSource Global Business Browser. Note that a company will list the many of the analysts that cover them on its website.
Unsigned stock reports lacking original narrative analysis are common, though they do have their uses. Some of these include future price targets, and some also issue buy/hold/sell recommendations. These reports tend to be far less expensive, and may be purchased online for $40 or less.
These reports are most often generated by algorithm. The stock's performance and the company's financial performance is compared to indices and peers only numerically using software. The reader cannot be assured that a qualified analyst has contributed to the report.
Several UST resources include these types of reports. They can be valuable when used in combination with the authored reports from S&P and ValueLine.
The best/fastest way to use Valueline is to choose RESEARCH HUB. The problem is, often the information you need doesn't show up. If you have problems connecting, go to our Troubleshooting guide.