Press release to a Filing in How Many Days?
Calcbench took a little of our data analysis expertise to answer this question. You can read more on our blog.
The quick summary is that in period between July 1, 2016 and September 30, 2016, we found over 3000 firm observations.
We measured days from the quarter end to publication of the
- 8-K
- 10-Q
Next we measured the difference in dates between the two publications. Then we tried to answer the following question:
If a firm files their 8-K’s and 10-Q’s within 1 day of each other, is their original filing later than others?
The answer (from this small sample) appears to be no. But, in true Calcbench form, we can keep asking this question quarter after quarter.
(Hint: We will!)
Based on any firms 8K, you are able to predict when the Form 10 will be filed with the SEC, +/- 1 day. Very interesting conclusions can be drawn from the evidence suggested in the blog. Excellent!