"Earnings season" is a term we hear every quarter. Over the course of a few weeks, publicly traded companies announce their quarterly financial results and the market reacts to them. But what should market watchers and investors look for in earnings? In the flurry of reports, announcements, calls and market swings, it's easy to lose track of the numbers that really matter. How do market participants find value during the, at times, hectic earnings season?

In our inaugural episode of OpenMarkets Weekly, Jack Bouroudjian tackles this question, and distills the answer down to three things:

1.The present and future earnings projections for a market

2.Historic price/earnings ratios

3.The earnings call and projections

These represent the basic calculations, historical numbers and future guidance those following earnings should know, says Jack. Focus on these each quarter, and the flood of information that is earnings season becomes easier to digest.

"Earnings season doesn't have to be so confusing," he says, adding that finding value "is subject to good homework, understanding what to look for and informed interpretation."

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