The Hudson Labs Co-Analyst

Consistent. Reliable. Factual.

Create structured tables from earnings calls, compare commentary across peers, and consistently extract guidance. Access the Co-Analyst on Hudson Labs in beta at platform.hudson-labs.com/coanalyst.

How to use

The Hudson Labs Co-Analyst beta is a specialized tool designed to extract and organize data in earnings call transcripts. It is not a chatbot and should not be used like one. 

1. Select a company (or up to 3)

Select any U.S. public company, provided they have held an earnings call and published at least one 10-K. Use the ticker or name to find a company of interest. 

Multi-quarter search is only available when a single company is selected, while in beta.

2. Search for a KPI, topic, or theme

Search using words and terms that exist in earnings call transcripts or pre-defined “meta queries” (refer to the meta query section below). The Co-Analyst can only provide answers using information it has access to i.e. information in earnings call transcripts from January 1, 2023 until now. 

Find a list of suggested searches in our guide below. 

Tricks for queries:

• Add “$X Y%” to get a numeric-focused response
• Type out acronym definitions (e.g. “commercial real estate” over “CRE”)
• Specify whether you want to see actuals or guidance.
• For more completeness and detail, narrow your search i.e. ask for a single KPI for a shorter time period.

3. Optional: Give instructions on how to display your answer

If no instructions are provided, the Co-Analyst will guess the best format for the output.  We do a pretty good job of guessing! 

If you don’t get the output you want the first time, try specifying exactly what columns and rows you’re looking for in a table or ask for the information in a bulleted list or paragraph.

How not to use the Co-Analyst

The query input box is meant for key terms and meta queries only. That means you should NOT ask for a specific company name, use the phrase “earnings call”, nor ask for a specific time period in your query.

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Instead make company and date selections on the left hand side of the screen. Like this:

Why not?

We are performing a “search” across the relevant database using the key words provided in the query box. 

Only use words that you want to be matched in that search e.g "revenue". For instance, in the image above, we would try to match references to “most recent”, “earnings call” and “apple” which is likely not what you wanted. Meta queries are the one exception to this rule.

Meta queries for the “Most recent” call

Meta queries use specific words (not seen in earnings calls) to prompt the Co-Analyst to perform a specific task. Meta queries work best with a single company’s most recent call:

Guidance

Use the meta query “guidance” to get a complete table with all quantitative and semi-quantitative guides

Nvidia guidance for the most recent quarter

Query: Guidance

**Notice that the Co-Analyst accurately calculates the lower and upper end of guidance from the source:

Summarize

Use the phrase summarize + {topic} for summarized results. We suggest narrowing your summary request given that the output length is limited. However, you can find full earnings call summaries on our platform under the Filings & transcripts section of the company page. Here is an example from Nvidia. 

Nvidia call questions & answers

Query: summarize top questions and answers

Instructions: table

Negatives and Headwinds

Home Depot negative statements from the most recent call

Query: list negatives

Cross-company comparison 

Easily compare comments on the same topic at different companies. Select up to three companies for comparison. Only the most recent earnings call can be used in this workflow. 

Compare 

Use this meta query to get a comparison of overlapping metrics and KPIs.

Comparison of the Cava Group and Sweetgreen KPIs discussed in their most recent calls

Query: compare

Thematic

Artificial intelligence at Microsoft and Alphabet

Query: artificial intelligence‍

Instructions: compare all aspects

China exposure at Steven Madden and Boot Barn

Query: china exposure

Instructions: table

Multi-period comparison

Assess how commentary and KPI disclosure has evolved over time for a specific topic. By default the Co-Analyst will provide information on all quarters going back to 2023.

Backlog at Workday

Query: backlog

DIY vs. pro customers at Lowes

Query: DIY vs Pro

Subscribers at Paramount

Query: subscribers

Guidance vs. actual using “Last two”

Guidance vs actual queries should only be performed when using the “Last two” selection for a single company.

Query: Compare guidance from previous quarter to actuals from current quarter

Copying to excel

Use the copy button on the top right of the output to copy your output directly to a spreadsheet.

Sourcing & factuality

The Co-Analyst organizes existing information in earnings calls. During the beta testing period, we are unable to provide a direct connection between each cell of a table and each source sentence. However, all information will be factual, non-hallucinated and come straight from the call. 

You may see occasional reasoning errors i.e. not understanding whether a figure relates to the full annual period or the quarterly period. This is most often the case when the transcript does not make this distinction clear. However, you will never see fabricated information.

Stay tuned for new and easy auditability and sourcing coming soon.

In the interim, if you would like to view the verbatim statement from the earnings call in your output use the following instructions. Please copy the instruction wording exactly. Using these sourcing instructions may decrease the level of detailed received in your response.

Instructions: provide verbatim citation as a column in the table

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