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"immediateReturnPct": 11.29033626540581, "forward4WeekPct": -4.3011020301269465, "forward13WeekPct": -0.5376377537658739, "toDateReturnPct": 13.692991590678073, "weeksSince": 124, "availabilitySource": "reported", "spread": 257.29442324858485, "key": "unrecognised_improvement", "status": "Non-positive four-week response", "tone": "opportunity"}, {"date": "2024-05-24", "periodEnd": "2024-03-31", "earningsChangePct": 27.54679476561206, "surprisePct": 0.0, "immediateReturnPct": -6.372536884840086, "forward4WeekPct": -9.313731557579963, "forward13WeekPct": -11.764727118196516, "toDateReturnPct": 3.6612535894642972, "weeksSince": 115, "availabilitySource": "reported", "spread": 378.0692790502877, "key": "unrecognised_improvement", "status": "Non-positive four-week response", "tone": "opportunity"}, {"date": "2024-08-23", "periodEnd": "2024-06-30", "earningsChangePct": 1.2987012987013102, "surprisePct": -11.111111111111107, "immediateReturnPct": 11.80125400658043, "forward4WeekPct": 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"accepted_improvement", "status": "Positive four-week response", "tone": "positive"}, {"date": "2025-11-21", "periodEnd": "2025-09-30", "earningsChangePct": 2.499999999999991, "surprisePct": 0.0, "immediateReturnPct": -4.66922298185215, "forward4WeekPct": -10.894907703339808, "forward13WeekPct": -3.8745453306553324, "toDateReturnPct": -18.475880217138084, "weeksSince": 37, "availabilitySource": "reported", "spread": 372.6344213043658, "key": "unrecognised_improvement", "status": "Non-positive four-week response", "tone": "opportunity"}, {"date": "2026-03-20", "periodEnd": "2025-12-31", "earningsChangePct": 1.2195121951219523, "surprisePct": -13.94148020654044, "immediateReturnPct": -3.111111111111109, "forward4WeekPct": -3.5555555555555562, "forward13WeekPct": -18.222222222222218, "toDateReturnPct": -10.66666666666668, "weeksSince": 20, "availabilitySource": "reported", "spread": 391.49046756804586, "key": "mixed", "status": "Mixed response", "tone": "neutral"}, {"date": "2026-05-22", "periodEnd": "2026-03-31", "earningsChangePct": 8.433734939759052, "surprisePct": 23.80952380952382, "immediateReturnPct": -4.166666666666686, "forward4WeekPct": -14.814814814814813, "forward13WeekPct": null, "toDateReturnPct": -6.944444444444464, "weeksSince": 11, "availabilitySource": "reported", "spread": 445.63380786933715, "key": "unrecognised_improvement", "status": "Non-positive four-week response", "tone": "opportunity"}], "latestEvent": {"date": "2026-05-22", "periodEnd": "2026-03-31", "earningsChangePct": 8.433734939759052, "surprisePct": 23.80952380952382, "immediateReturnPct": -4.166666666666686, "forward4WeekPct": -14.814814814814813, "forward13WeekPct": null, "toDateReturnPct": -6.944444444444464, "weeksSince": 11, "availabilitySource": "reported", "spread": 445.63380786933715, "key": "unrecognised_improvement", "status": "Non-positive four-week response", "tone": "opportunity"}, "freshImprovementAwaitingConfirmation": true, "improvementConfirmationReversed": false, "summary": "Across completed four-week windows, 5 improving updates had a non-positive price response; 4 had a meaningful positive price response."}, "professional": {"peerContext": {"available": true, "cohort": "Tobacco", "population": 5, "spreadPercentile": 100.0, "qualityPercentile": 37.5, "rarityPercentile": 100.0, "currentOneYearSpread": 57.665349, "lead": "earnings", "relatedSignals": [{"tickerId": 3169, "symbol": "PM", "name": "Philip Morris International Inc", "spread": 17.5844, "lead": "earnings", "quality": 100}, {"tickerId": 4006, "symbol": "TPB", "name": "Turning Point Brands Inc", "spread": 11.965045, "lead": "earnings", "quality": 75}]}, "historicalOutcomes": {"available": false, "sampleSize": 0, "historyWeeks": 156, "horizons": []}, "transitions": [{"date": "2023-08-18", "key": "balanced", "label": "Broadly aligned", "tone": "neutral"}, {"date": "2023-08-25", "key": "unrecognised_improvement", "label": "Earnings ahead", "tone": "positive"}], "dataIntegrity": {"asOf": "2026-08-07", "exactReportDates": 13, "estimatedReportDates": 0, "coverage": 100}}, "alerts": [{"key": "persistent_earnings_lead", "label": "Persistent earnings lead", "tone": "positive", "explanation": "Earnings power has led market price across several updates."}, {"key": "quality_confirmed", "label": "Business quality supportive", "tone": "positive", "explanation": "Cash generation and operating evidence are broadly supportive."}, {"key": "improvement_awaiting_confirmation", "label": "Fresh improvement awaiting confirmation", "tone": "opportunity", "explanation": "Earnings improved at the latest reported update, but market price remains below its pre-update level."}, {"key": "base_sensitive", "label": "Starting-base sensitivity", "tone": "caution", "explanation": "The three-year earnings move begins from an unusually depressed level; compare the shorter horizons before relying on its scale."}]}, "disclaimer": "Earnings intelligence is descriptive market research. It is not a forecast, recommendation or trading instruction."}