How is the Calcbench Earnings Indicator Calculated?

We aggregate all filings received up to that point in the day and sum the data point for all companies that have filed during that calendar period. For example, we would sum all revenue for all companies and compare that total revenue to the total revenue reported for the same set of firms in the same period last year. We present the change in the total amount reported. The indicator is updated throughout the day as files come in.