Here are the most notable earnings releases for the trading week beginning April 13th, 2020- ($JPM $JNJ $RAD $BAC $WFC $UNH $CONN $C $APHA $FAST $ABT $GS $INFY $BBBY $TSM $BLK $PNC $CBSH $FRC $PGR $USB $AMRN $SLB $LAKE $ISRG $LOVE $BK $JBHT $KEY $SON $WIT $KSU $BLX $STT $GHG $HOMB $MUSA $RF $BMI $WAFD $CFG $SRC $MRTN) (This post will be edited later with the notable earnings details & charts) ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Here are the most notable Highest Volatility earnings releases for the trading week beginning April 13th, 2020- ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ JPMorgan Chase & Co. $102.76 JPMorgan Chase & Co. (JPM) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $2.49 per share on revenue of $29.51 billion and the Earnings Whisper ® number is $2.48 per share. Investor sentiment going into the company's earnings release has 16% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 6.04% with revenue decreasing by 19.29%. Short interest has decreased by 7.4% since the company's last earnings release while the stock has drifted lower by 25.5% from its open following the earnings release to be 13.9% below its 200 day moving average of $119.38. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, April 9, 2020 there was some notable buying of 12,076 contracts of the $110.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 8.7% move on earnings and the stock has averaged a 2.0% move in recent quarters. Johnson & Johnson $141.23 Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $2.08 per share on revenue of $20.48 billion and the Earnings Whisper ® number is $2.13 per share. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.95% with revenue increasing by 2.29%. Short interest has decreased by 18.1% since the company's last earnings release while the stock has drifted lower by 3.7% from its open following the earnings release to be 4.0% above its 200 day moving average of $135.79. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, March 25, 2020 there was some notable buying of 11,143 contracts of the $135.00 call expiring on Friday, May 15, 2020. Option traders are pricing in a 5.3% move on earnings and the stock has averaged a 1.4% move in recent quarters. Rite Aid Corp. $13.06 Rite Aid Corp. (RAD) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, April 16, 2020. The consensus estimate is for a loss of $0.13 per share on revenue of $5.66 billion and the Earnings Whisper ® number is ($0.08) per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1,200.00% with revenue increasing by 5.21%. Short interest has decreased by 6.2% since the company's last earnings release while the stock has drifted higher by 18.8% from its open following the earnings release to be 18.1% above its 200 day moving average of $11.06. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, March 30, 2020 there was some notable buying of 10,397 contracts of the $15.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 23.3% move on earnings and the stock has averaged a 21.6% move in recent quarters. Bank of America Corp. $24.86 Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Wednesday, April 15, 2020. The consensus earnings estimate is $0.66 per share on revenue of $23.11 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 24% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.71% with revenue decreasing by 19.75%. The stock has drifted lower by 28.5% from its open following the earnings release to be 16.8% below its 200 day moving average of $29.87. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 7, 2020 there was some notable buying of 26,575 contracts of the $27.00 call expiring on Friday, December 18, 2020. Option traders are pricing in a 9.1% move on earnings and the stock has averaged a 2.2% move in recent quarters. Wells Fargo & Co. $33.20 Wells Fargo & Co. (WFC) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $0.61 per share on revenue of $19.50 billion and the Earnings Whisper ® number is $0.60 per share. Investor sentiment going into the company's earnings release has 9% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 49.17% with revenue decreasing by 25.86%. Short interest has increased by 11.5% since the company's last earnings release while the stock has drifted lower by 33.9% from its open following the earnings release to be 30.0% below its 200 day moving average of $47.45. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 7, 2020 there was some notable buying of 15,714 contracts of the $35.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 10.4% move on earnings and the stock has averaged a 2.6% move in recent quarters. UnitedHealth Group, Inc. $264.13 UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Wednesday, April 15, 2020. The consensus earnings estimate is $3.65 per share on revenue of $64.67 billion and the Earnings Whisper ® number is $3.68 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.14% with revenue increasing by 7.23%. Short interest has decreased by 33.4% since the company's last earnings release while the stock has drifted lower by 8.6% from its open following the earnings release to be 2.6% above its 200 day moving average of $257.40. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 25, 2020 there was some notable buying of 1,217 contracts of the $180.00 put expiring on Friday, June 19, 2020. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 4.3% move in recent quarters. Conn's, Inc. $4.19 Conn's, Inc. (CONN) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $0.35 per share on revenue of $412.61 million and the Earnings Whisper ® number is $0.33 per share. Investor sentiment going into the company's earnings release has 35% expecting an earnings beat The company's guidance was for revenue of $394.00 million to $411.00 million. Consensus estimates are for earnings to decline year-over-year by 63.54% with revenue decreasing by 4.71%. Short interest has increased by 8.5% since the company's last earnings release while the stock has drifted lower by 72.1% from its open following the earnings release to be 74.8% below its 200 day moving average of $16.60. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 16.7% move on earnings in recent quarters. Citigroup, Inc. $47.41 Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, April 15, 2020. The consensus earnings estimate is $1.90 per share on revenue of $19.34 billion and the Earnings Whisper ® number is $1.93 per share. Investor sentiment going into the company's earnings release has 34% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1.60% with revenue decreasing by 25.31%. Short interest has increased by 26.0% since the company's last earnings release while the stock has drifted lower by 41.6% from its open following the earnings release to be 30.8% below its 200 day moving average of $68.55. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 8, 2020 there was some notable buying of 14,755 contracts of the $55.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 11.3% move on earnings and the stock has averaged a 1.5% move in recent quarters. Aphria Inc. $3.20 Aphria Inc. (APHA) is confirmed to report earnings at approximately 6:00 AM ET on Wednesday, April 15, 2020. The consensus estimate is for a loss of $0.04 per share on revenue of $95.71 million and the Earnings Whisper ® number is ($0.03) per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 73.33% with revenue increasing by 73.27%. Short interest has increased by 7.9% since the company's last earnings release while the stock has drifted lower by 36.3% from its open following the earnings release to be 41.8% below its 200 day moving average of $5.50. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, March 26, 2020 there was some notable buying of 516 contracts of the $5.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 23.4% move on earnings and the stock has averaged a 18.8% move in recent quarters. Fastenal Co. $33.62 Fastenal Co. (FAST) is confirmed to report earnings at approximately 6:50 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $0.34 per share on revenue of $1.36 billion and the Earnings Whisper ® number is $0.31 per share. Investor sentiment going into the company's earnings release has 18% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 50.00% with revenue increasing by 3.87%. Short interest has decreased by 6.7% since the company's last earnings release while the stock has drifted lower by 7.6% from its open following the earnings release to be 1.4% below its 200 day moving average of $34.11. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 1, 2020 there was some notable buying of 600 contracts of the $25.00 put expiring on Friday, May 15, 2020. Option traders are pricing in a 10.5% move on earnings and the stock has averaged a 6.6% move in recent quarters. ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Here are the most anticipated Earnings Releases for this upcoming trading week ahead. ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 4.13.20 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! NONE. Monday 4.13.20 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! NONE. Tuesday 4.14.20 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 4.14.20 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 4.15.20 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 4.15.20 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 4.16.20 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 4.16.20 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 4.17.20 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 4.17.20 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Here are the most anticipated earnings releases for the month of April 2020 (confirmed releases)- ($CHWY $WBA $NFLX $KMX $STZ $BAC $LW $JPM $F $INTC $GE $JNJ $PVH $UNF $MMM $WFC $T $BBBY $PG $QCOM $C $TWTR $VZ $AMAT $UNH $GS $AYI $ABT $BIIB $SMPL $CMG $TSM $JFIN $MO $HAL $PFE $VLO $APOG $NG $SCHN $ASND $ERIC)
Here are the scheduled earnings releases due out after the market close today and before the market open on Tuesday morning (4/14/20)- ($JPM $JNJ $WFC $FAST $CONN $FRC $CBSH $AMRN $GHG $XELB)
Earnings on Deck Mon, Apr 13, 2020 Although there is only one company reporting earnings today, the earnings calendar ramps up this week with a total of 75 other reports through Friday. This upcoming earnings season will be closely watched for how individual companies have been impacted by the COVID-19 pandemic. As shown in the charts from our Earnings Explorer below, although some of the period pre-dates the outbreak and recently the number of companies reporting have been low, 3-month rolling beat rates over the past few months have generally remained positive and above their historical averages. On the other hand, more companies have been lowering than raising guidance. In fact, the guidance spread has been gradually approaching its lowest levels since early 2019. In terms of stock price reactions, companies have been getting crushed on their earnings reaction days (first trading session after their report). In March, the rolling 3 month 1 day median percent change hit its lowest level since 2012. Granted, part of the reason for that is the sharp declines in February and March regardless of whether or not a company had reported. In the table below, we show the 30 largest (by market cap) companies scheduled to report earnings through the end of the month. For each stock, we also show their EPS and revenue beat rates, the percentage of time they raise guidance, and then their average one-day performance in reaction to earnings and historical volatility. For volatility, we are simply measuring the average percentage move (up or down) on the day of each earnings report. Johnson and Johnson (JNJ) and Lockheed Martin (LMT) have the strongest EPS beat rates of these companies and Facebook (FB) has topped sales estimates the most consistently. Conversely, Wells Fargo (WFC) has missed EPS the most and NextEra Energy (NEE) has missed sales estimates the most. In terms of stock price reaction, the FANG names—Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOG)—have tended to be the most volatile on earnings with NFLX being the most volatile of these averaging a full-day move of 12.5%. While it has been the most volatile, NFLX has not averaged the best performance on earnings. FB holds that title with an average earnings reaction day gain of 2.7%. Bank of America (BAC) on the other hand has averaged the worst performance with a decline of -0.93%.
Here are the scheduled earnings releases due out after the market close today and before the market open on Wednesday morning (4/15/20)- ($BAC $UNH $C $APHA $GS $PNC $PGR $USB $JBHT $WIT $SCHW $ASML $BLX $WAFD $HWM $KRUS $FUV)
Here are the scheduled earnings releases due out after the market close today and before the market open on Thursday morning (4/16/20)- ($RAD $ABT $BLK $TSM $BBBY $LOVE $BK $LAKE $KEY $SON $HOMB $BMI $AMRB $CPSS)
Here are the bigger-than-usual earnings moves on Wednesday (4/15/20)- ($PNC $USB $BAC $C $SCHW $ASML)
Here are the scheduled earnings releases due out after the market close today and before the market open on Friday morning (4/17/20)- ($PG $SLB $ISRG $KSU $RF $STT $MUSA $CFG $IBKC $MRTN $WAL $XYF) Here are the bigger-than-usual earnings moves on Thursday (4/16/20)- ($LOVE $BBBY $SON $KEY $HOMB $ABT)
