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In this video, Brian Ferraldi and Brian Stoffel discuss how to evaluate companies' earnings reports during earnings season. They emphasize the importance of these reports for investors, particularly when considering new investments. Both speakers highlight that they conduct thorough preliminary research but closely analyze earnings reports to deepen their understanding of a business. They explain that earnings reports provide essential information about a company's performance in the last quarter, crucial for assessing whether their investment thesis remains valid. The dialogue aims to guide viewers on what to look for in these reports.