Here are the most notable earnings releases for the trading week beginning April 30th, 2018- ($AAPL $BABA $TSLA $SQ $MCD $SNAP $SHOP $AKS $CELG $MA $CHK $AGN $UAA $FRED $GRUB $PFE $STX $CVS $ATVI $ON $OLED $BP $GILD $FDC $EPD $L $MRK $WLL $USCR $ANET $TEVA $SWKS $COHR $LL $FEYE $AET $ARNC $W $GPRO $APRN $CGNX $AKAM $MOH) Apple, Inc. $162.32 Apple, Inc. (AAPL) is confirmed to report earnings at approximately 4:30 PM ET on Tuesday, May 1, 2018. The consensus earnings estimate is $2.69 per share on revenue of $61.33 billion and the Earnings Whisper ® number is $2.80 per share. Investor sentiment going into the company's earnings release has 64% expecting an earnings beat The company's guidance was for earnings of $2.54 to $2.73 per share. Consensus estimates are for year-over-year earnings growth of 28.10% with revenue increasing by 15.94%. Short interest has increased by 20.4% since the company's last earnings release while the stock has drifted lower by 2.2% from its open following the earnings release to be 2.0% below its 200 day moving average of $165.69. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, April 20, 2018 there was some notable buying of 33,530 contracts of the $140.00 put expiring on Friday, May 18, 2018. Option traders are pricing in a 5.2% move on earnings and the stock has averaged a 3.4% move in recent quarters. Alibaba Group Holding Ltd. $177.16 Alibaba Group Holding Ltd. (BABA) is confirmed to report earnings at approximately 6:35 AM ET on Friday, May 4, 2018. The consensus earnings estimate is $0.87 per share on revenue of $9.20 billion and the Earnings Whisper ® number is $0.92 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue increasing by 64.14%. Short interest has decreased by 3.4% since the company's last earnings release while the stock has drifted lower by 8.1% from its open following the earnings release to be 0.3% above its 200 day moving average of $176.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 11, 2018 there was some notable buying of 33,834 contracts of the $175.00 put and 33,512 contracts of the $175.00 call expiring on Friday, May 18, 2018. Option traders are pricing in a 5.9% move on earnings and the stock has averaged a 2.6% move in recent quarters. Tesla, Inc. $294.08 Tesla, Inc. (TSLA) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, May 2, 2018. The consensus estimate is for a loss of $3.44 per share on revenue of $3.14 billion and the Earnings Whisper ® number is ($3.60) per share. Investor sentiment going into the company's earnings release has 1% expecting an earnings miss. Consensus estimates are for earnings to decline year-over-year by 74.62% with revenue increasing by 16.46%. Short interest has increased by 24.7% since the company's last earnings release while the stock has drifted lower by 14.3% from its open following the earnings release to be 10.4% below its 200 day moving average of $328.36. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, April 16, 2018 there was some notable buying of 2,252 contracts of the $315.00 call expiring on Friday, May 18, 2018. Option traders are pricing in a 8.3% move on earnings and the stock has averaged a 5.7% move in recent quarters. Square, Inc. $47.57 Square, Inc. (SQ) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, May 2, 2018. The consensus earnings estimate is $0.06 per share on revenue of $623.75 million and the Earnings Whisper ® number is $0.07 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat The company's guidance was for earnings of $0.03 to $0.05 per share on revenue of $290.00 million to $295.00 million. Consensus estimates are for year-over-year earnings growth of 300.00% with revenue increasing by 35.14%. Short interest has increased by 5.2% since the company's last earnings release while the stock has drifted higher by 3.6% from its open following the earnings release to be 25.7% above its 200 day moving average of $37.84. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 17, 2018 there was some notable buying of 3,053 contracts of the $43.00 put expiring on Friday, June 15, 2018. Option traders are pricing in a 8.6% move on earnings and the stock has averaged a 6.3% move in recent quarters. McDonalds Corp. $158.30 McDonalds Corp. (MCD) is confirmed to report earnings at approximately 8:00 AM ET on Monday, April 30, 2018. The consensus earnings estimate is $1.67 per share on revenue of $4.92 billion and the Earnings Whisper ® number is $1.74 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.61% with revenue decreasing by 13.32%. Short interest has increased by 21.1% since the company's last earnings release while the stock has drifted lower by 10.6% from its open following the earnings release to be 2.5% below its 200 day moving average of $162.30. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, April 10, 2018 there was some notable buying of 7,806 contracts of the $105.00 put expiring on Friday, May 18, 2018. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 2.9% move in recent quarters. Snap Inc. $14.23 Snap Inc. (SNAP) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, May 1, 2018. The consensus estimate is for a loss of $0.17 per share on revenue of $243.80 million and the Earnings Whisper ® number is ($0.15) per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 10.53% with revenue increasing by 62.92%. Short interest has decreased by 3.3% since the company's last earnings release while the stock has drifted lower by 17.0% from its open following the earnings release to be 9.3% below its 200 day moving average of $15.69. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 25, 2018 there was some notable buying of 26,377 contracts of the $15.50 call and 23,264 contracts of the $13.50 put expiring on Friday, May 4, 2018. Option traders are pricing in a 15.5% move on earnings and the stock has averaged a 24.4% move in recent quarters. Shopify Inc. $126.62 Shopify Inc. (SHOP) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 1, 2018. The consensus estimate is for a loss of $0.05 per share on revenue of $201.63 million and the Earnings Whisper ® number is ($0.01) per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for revenue of $198.00 million to $202.00 million. Consensus estimates are for earnings to decline year-over-year by 150.00% with revenue increasing by 58.29%. Short interest has increased by 25.8% since the company's last earnings release while the stock has drifted lower by 6.2% from its open following the earnings release to be 12.4% above its 200 day moving average of $112.64. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, April 16, 2018 there was some notable buying of 5,533 contracts of the $110.00 put expiring on Friday, July 20, 2018. Option traders are pricing in a 10.9% move on earnings and the stock has averaged a 7.4% move in recent quarters. AK Steel Holding Corp. $4.75 AK Steel Holding Corp. (AKS) is confirmed to report earnings at approximately 8:30 AM ET on Monday, April 30, 2018. The consensus earnings estimate is $0.03 per share on revenue of $1.55 billion. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 84.21% with revenue increasing by 1.08%. Short interest has increased by 40.1% since the company's last earnings release while the stock has drifted lower by 25.8% from its open following the earnings release to be 13.4% below its 200 day moving average of $5.48. Overall earnings estimates have been unchanged since the company's last earnings release. On Thursday, April 19, 2018 there was some notable buying of 12,350 contracts of the $5.00 call expiring on Friday, May 18, 2018. Option traders are pricing in a 12.6% move on earnings and the stock has averaged a 10.9% move in recent quarters. Celgene Corp. $91.18 Celgene Corp. (CELG) is confirmed to report earnings at approximately 7:30 AM ET on Friday, May 4, 2018. The consensus earnings estimate is $1.96 per share on revenue of $3.50 billion and the Earnings Whisper ® number is $1.99 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 15.29% with revenue increasing by 18.24%. Short interest has increased by 20.1% since the company's last earnings release while the stock has drifted lower by 14.1% from its open following the earnings release to be 18.2% below its 200 day moving average of $111.48. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 11, 2018 there was some notable buying of 16,131 contracts of the $90.00 call and 16,112 contracts of the $90.00 put expiring on Friday, May 18, 2018. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 5.0% move in recent quarters. Mastercard Inc $175.94 Mastercard Inc (MA) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, May 2, 2018. The consensus earnings estimate is $1.26 per share on revenue of $3.25 billion and the Earnings Whisper ® number is $1.29 per share. Investor sentiment going into the company's earnings release has 88% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.75% with revenue increasing by 18.87%. Short interest has increased by 44.4% since the company's last earnings release while the stock has drifted higher by 2.0% from its open following the earnings release to be 14.9% above its 200 day moving average of $153.18. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 26, 2018 there was some notable buying of 10,193 contracts of the $185.00 call expiring on Friday, May 4, 2018. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 1.9% move in recent quarters. Here are the most anticipated ERs for this upcoming week ahead (I'll also have the weekly earnings calendar posted in here as well once it's out) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 4.30.18 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 4.30.18 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 5.1.18 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 5.1.18 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 5.2.18 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 5.2.18 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 5.3.18 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 5.3.18 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 5.4.18 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 5.4.18 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Here are the scheduled earnings releases before the market open on Monday morning (4/30/18)- ($MCD $AKS $AGN $ON $EPD $FDC $USCR $L $ARNC $MOH $AMG $HTA $IEX $NSP $PEG $GVA $DO $IRMD $DAN $CNA $CTB $ARLP $AWI $MCY $AHGP $BWP $KMPR $CPLP $EDR $CUBI $DSPG $RMBL $SNN)
Here are the scheduled earnings releases after the market close on Monday (4/30/18)- ($WLL $AKAM $CGNX $TXRH $RIG $NTRI $ALSN $IDTI $AEIS $THC $MTZ $VRNS $ARAY $NBIX $APTI $RCII $AXGN $CASH $CARO $MPWR $PKI $SBAC $ARE $APPF $BFAM $REG $MX $APTS $INGN $INST $JJSF $KAI $BLKB $SF $VNO $OGS $FET $BGSF $GLRE $QTNA)
Here are the scheduled earnings releases before the market open on Tuesday morning (5/1/18)- ($SHOP $UAA $GRUB $PFE $STX $BP $MRK $LL $AET $CMI $AMT $IPGP $INCY $XYL $MPC $NBL $SMG $HBI $HCA $EMR $ETN $HUN $AN $IMAX $LLL $CG $FLWS $ECA $JCI $MPLX $EMES $ADM $PPBI $WCG $AGCO $CTLT $FELE $TKR $ACCO $CVLT $EAT $TPR)
Here are the scheduled earnings releases after the market close on Tuesday (5/1/18)- ($AAPL $SNAP $GILD $COHR $TMUS $PAYC $DVN $SU $WATT $APC $BGFV $JNPR $MDLZ $ALL $FTR $WU $MDLP $CHRW $FISV $YUMC $HCLP $VNOM $NBR $OKE $SFLY $CXO $DENN $NFX $RIGL $GLUU $GLUU $BRKS $SKT $ZEN $QLYS $ARRS $MITK $ENPH $CYH $ULTI) ...and here are the scheduled earnings releases before the market open on Wednesday morning (5/2/18)- ($MA $CHK $CVS $W $S $EL $LITE $CLX $ADP $HUM $SODA $SO $GRMN $NCLH $TAP $ZTS $WYN $HRS $CRTO $HFC $SSYS $BIP $BBSI $GNRC $MBUU $PBI $ABC $AME $SPR $DNOW $PES $MSG $GIB $BG $UTHR $TEX $LFUS $IQV $ARCC $ACOR $EXC $SQNS $FUN)
Here are the scheduled earnings releases after the market close on Thursday (5/3/18)- ($ATVI $OLED $ANET $SWKS $WTW $GPRO $P $STMP $SHAK $SWIR $BTE $SRPT $CBS $HLF $FTNT $EOG $CC $CYBR $CENX $ALRM $ADMS $ALNY $ACIA $BGS $CTRL $FLR $TWOU $AMN $EDIT $MSI $LOCO $APPN $WING $TSRO $FLT $TACO $MDRX $MED $POST $ED $ACET) ...and finally here are the scheduled earnings releases before the market open on Friday morning (5/4/18)- ($BABA $CELG $LNG $IONS $ACAD $CBOE $NWL $IMGN $AXL $BCC $IDXX $ESNT $GEL $PETX $VFC $AON $AGIO $GOGO $TRTN $MTLS $RUTH $VIRT $VST $STWD $AKAO $ITT $CVGI $DOC $ASIX $BPL $CNP $JOUT $HMSY $HSKA $LPNT $ROCK $ESTE $LCII $BWEN $CIO $GLOG)
Q1 Beat Rates Remain Strong May 2, 2018 More than 1,000 companies have now reported Q1 2018 earnings, and at this point, earnings and revenue beat rates remain very strong for a second consecutive quarter. (For further clarity, the “beat rate” is the percentage of companies over a given time period that report actual numbers that are stronger than consensus analyst estimates.) So far this earnings season, 71.6% of companies have beaten consensus analyst EPS estimates, while 72.1% of companies have beaten top-line revenue estimates. Below is a chart showing historical earnings and revenue beat rates for each quarterly earnings season since 1999. If the 71.6% earnings beat rate holds through the end of this season in mid-May, it would be the strongest reading since Q3 2006. For the top-line revenue beat rate, last season actually saw a stronger reading at 73.17%, but this would be the first time we’ve seen back-to-back readings above 70% since Q4 ’03 and Q1 ’04. We’re just over halfway done with the Q1 2018 reporting period, and so far, companies have had no problem beating what were already hefty analyst expectations. Industrials, Technology Beating Earnings at the Highest Rate May 2, 2018 As highlighted in our prior post, the percentage of companies that have beaten consensus analyst EPS estimates this season stands at 71.6%. Any reading over 70% is very strong relative to past earnings seasons. Below we take the beat rate analysis a step further and look at sector beat rates this season. As shown, five sectors have beat rates that are stronger than the overall market, while six sectors have weaker beat rates. The Industrials sector is the standout with a beat rate of 79.5% this season. Technology ranks second at 75%, followed by Health Care and Consumer Staples at 73.1%. On the weak side, Telecom and Energy both have earnings beat rates below 60%, while Utilities and Real Estate are below 65%. We’ll be back to post an update on these readings at the end of earnings season in mid-May.
