ChatGPT for financial analysis – analyzing earnings reports for Palo Alto Networks

In this section, we will explore an interesting example of how ChatGPT can be used to analyze and summarize earnings reports, enabling you to identify key insights and trends quickly. With the vast amount of information available in earnings reports, it can be challenging to sift through data and identify the most critical elements. Let’s see how ChatGPT can help.

Here’s the scenario – Palo Alto Networks has just released its quarterly earnings report. You want to understand the company’s financial performance and identify any trends or potential issues that may impact the stock price or investment potential:

Step 1 – extract key data points:

To get started, provide ChatGPT with the relevant earnings report data, such as revenue, net income, EPS, and any other important metrics. Be sure to include both current and historical data for comparison purposes...