Here are the most notable earnings releases for the trading week beginning April 9th, 2018- ($JPM $C $RAD $WFC $DAL $BLK $BBBY $FAST $MSM $PNC $OZRK $APOG $SMPL $FRC $FHN $INFY $SLP $CBSH $SJR $EXFO $LAYN $NTIC $TISA $DPW $HQCL $DGLY) JPMorgan Chase & Co. $109.09 JPMorgan Chase & Co. (JPM) is confirmed to report earnings at approximately 6:50 AM ET on Friday, April 13, 2018. The consensus earnings estimate is $2.28 per share on revenue of $27.53 billion and the Earnings Whisper ® number is $2.31 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 38.18% with revenue decreasing by 0.44%. Short interest has increased by 5.3% since the company's last earnings release while the stock has drifted lower by 2.3% from its open following the earnings release to be 7.7% above its 200 day moving average of $101.31. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, March 29, 2018 there was some notable buying of 10,077 contracts of the $122.00 call expiring on Friday, April 13, 2018. Option traders are pricing in a 3.9% move on earnings and the stock has averaged a 0.9% move in recent quarters. Citigroup, Inc. $68.60 Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Friday, April 13, 2018. The consensus earnings estimate is $1.62 per share on revenue of $18.74 billion and the Earnings Whisper ® number is $1.65 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 19.12% with revenue decreasing by 13.58%. Short interest has decreased by 9.1% since the company's last earnings release while the stock has drifted lower by 11.8% from its open following the earnings release to be 4.0% below its 200 day moving average of $71.47. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 28, 2018 there was some notable buying of 32,358 contracts of the $65.00 put expiring on Friday, April 20, 2018. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 1.2% move in recent quarters. Rite Aid Corp. $1.61 Rite Aid Corp. (RAD) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, April 12, 2018. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Short interest has decreased by 9.7% since the company's last earnings release while the stock has drifted lower by 18.7% from its open following the earnings release to be 38.9% below its 200 day moving average of $2.63. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 7.7% move on earnings in recent quarters. Wells Fargo & Co. $52.23 Wells Fargo & Co. (WFC) is confirmed to report earnings at approximately 8:00 AM ET on Friday, April 13, 2018. The consensus earnings estimate is $1.07 per share on revenue of $21.67 billion and the Earnings Whisper ® number is $1.09 per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 7.00% with revenue decreasing by 9.44%. Short interest has increased by 5.2% since the company's last earnings release while the stock has drifted lower by 17.4% from its open following the earnings release to be 7.5% below its 200 day moving average of $56.46. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, April 2, 2018 there was some notable buying of 10,069 contracts of the $75.00 call expiring on Friday, September 21, 2018. Option traders are pricing in a 4.4% move on earnings and the stock has averaged a 1.6% move in recent quarters. Delta Air Lines, Inc. $53.05 Delta Air Lines, Inc. (DAL) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, April 12, 2018. The consensus earnings estimate is $0.73 per share on revenue of $9.82 billion and the Earnings Whisper ® number is $0.77 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat The company's guidance was for earnings of $0.60 to $0.80 per share. Consensus estimates are for earnings to decline year-over-year by 5.19% with revenue increasing by 7.35%. Short interest has increased by 40.3% since the company's last earnings release while the stock has drifted lower by 7.1% from its open following the earnings release to be 1.6% above its 200 day moving average of $52.23. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 21, 2018 there was some notable buying of 13,137 contracts of the $58.00 call expiring on Friday, April 20, 2018. Option traders are pricing in a 4.8% move on earnings and the stock has averaged a 1.8% move in recent quarters. BlackRock, Inc. $519.92 BlackRock, Inc. (BLK) is confirmed to report earnings at approximately 6:00 AM ET on Thursday, April 12, 2018. The consensus earnings estimate is $6.44 per share on revenue of $3.26 billion and the Earnings Whisper ® number is $6.50 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 22.67% with revenue increasing by 15.44%. Short interest has increased by 4.4% since the company's last earnings release while the stock has drifted lower by 5.9% from its open following the earnings release to be 7.7% above its 200 day moving average of $482.72. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 4.9% move on earnings and the stock has averaged a 1.8% move in recent quarters. Bed Bath & Beyond, Inc. $21.00 Bed Bath & Beyond, Inc. (BBBY) is confirmed to report earnings at approximately 4:15 PM ET on Wednesday, April 11, 2018. The consensus earnings estimate is $1.41 per share on revenue of $3.67 billion and the Earnings Whisper ® number is $1.37 per share. Investor sentiment going into the company's earnings release has 49% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 23.37% with revenue increasing by 3.85%. Short interest has decreased by 8.4% since the company's last earnings release while the stock has drifted lower by 8.0% from its open following the earnings release to be 12.9% below its 200 day moving average of $24.11. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, March 29, 2018 there was some notable buying of 2,112 contracts of the $21.00 put expiring on Friday, April 13, 2018. Option traders are pricing in a 10.9% move on earnings and the stock has averaged a 9.0% move in recent quarters. Fastenal Co. $53.65 Fastenal Co. (FAST) is confirmed to report earnings at approximately 6:50 AM ET on Wednesday, April 11, 2018. The consensus earnings estimate is $0.61 per share on revenue of $1.18 billion and the Earnings Whisper ® number is $0.61 per share. Investor sentiment going into the company's earnings release has 64% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 32.61% with revenue increasing by 12.63%. Short interest has increased by 12.9% since the company's last earnings release while the stock has drifted higher by 1.6% from its open following the earnings release to be 9.2% above its 200 day moving average of $49.11. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, April 3, 2018 there was some notable buying of 1,611 contracts of the $55.00 call expiring on Friday, April 20, 2018. Option traders are pricing in a 6.0% move on earnings and the stock has averaged a 4.6% move in recent quarters. MSC Industrial Direct Co. Inc. $92.00 MSC Industrial Direct Co. Inc. (MSM) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, April 10, 2018. The consensus earnings estimate is $1.30 per share on revenue of $767.83 million and the Earnings Whisper ® number is $1.33 per share. Investor sentiment going into the company's earnings release has 39% expecting an earnings beat The company's guidance was for earnings of $1.66 to $1.74 per share on revenue of $761.00 million to $775.00 million. Consensus estimates are for year-over-year earnings growth of 39.78% with revenue increasing by 9.10%. Short interest has increased by 46.0% since the company's last earnings release while the stock has drifted higher by 0.3% from its open following the earnings release to be 10.8% above its 200 day moving average of $83.07. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 6.3% move in recent quarters. PNC Bank $147.95 PNC Bank (PNC) is confirmed to report earnings at approximately 6:50 AM ET on Friday, April 13, 2018. The consensus earnings estimate is $2.42 per share on revenue of $4.16 billion and the Earnings Whisper ® number is $2.48 per share. Investor sentiment going into the company's earnings release has 38% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 23.47% with revenue decreasing by 1.98%. Short interest has increased by 1.4% since the company's last earnings release while the stock has drifted lower by 2.9% from its open following the earnings release to be 6.2% above its 200 day moving average of $139.27. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, March 22, 2018 there was some notable buying of 1,080 contracts of the $150.00 put expiring on Friday, April 20, 2018. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 0.4% move in recent quarters. Here are the most anticipated ERs for this upcoming week ahead ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 4.9.18 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! NONE. Monday 4.9.18 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! NONE. Tuesday 4.10.18 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 4.10.18 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 4.11.18 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 4.11.18 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 4.12.18 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 4.12.18 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! NONE. Friday 4.13.18 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 4.13.18 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Bespoke’s Most Volatile Stocks on Earnings: April 2018 Edition Apr 9, 2018 The first quarter earnings season begins today. With the stock market struggling lately, there seem to be a lot of bulls hanging their hopes on earnings strength to help pull the market out of correction territory. From a seasonal perspective, stocks don’t typically react all that great to their first quarter earnings reports. Using our Earnings Screener tool, we can see how stocks typically react to earnings reports by quarter. Historically, the average stock has gained 0.07% on its earnings reaction day during the first quarter earnings season. That’s the second worst quarter behind only the second quarter reporting period. The best earnings season for stock prices is Q4, when the average stock gains 0.31% on its earnings reaction day. This held true last season when the average stock gained 0.45%. (For a stock that reports in the morning before the open, its earnings reaction day is that trading day. For a stock that reports after the close, its earnings reaction day is the next trading day.) Over the last five years, the average stock that has reported earnings has gained or lost 5.43% on its earnings reaction day. That’s a huge move for investors to deal with once every three months. Below we have broken out the average daily move for stocks reporting earnings by sector. As expected, Utilities stocks experience the least amount of volatility in reaction to their earnings reports. Notably, though, Financial stocks are the third least volatile in reaction to earnings with an average one-day move of +/-2.93%. The remaining sectors all experience average moves of roughly +/-5% or more. At the high end of the list is Technology. As shown, the average Tech stock moves +/-7.07% on its earnings reaction day. Consumer Discretionary stocks are the second most volatile to earnings with an average absolute move of 6.55%. Health Care ranks third at +/-6.2%, followed by Telecom and Industrials. As we do ahead of each earnings season, below is a list of the most volatile stocks on earnings over the last 5 years (last 20 earnings reports). To make the list, a stock needs to have at least 4 years (16 earnings reports) worth of earnings, and it must be set to report its next quarterly number between now and the end of May. As shown, YRC Worldwide (YRCW) is the most volatile stock on earnings with an average move of +/-17.48% on its earnings reaction day. Fossil Group (FOSL) ranks second just behind YRCW at +/-17.36%. Three more stocks have averaged moves of more than 16% on their earnings reaction days — Infinera (INFN), Groupon (GRPN), and Weight Watchers (WTW). Other notables on the list of most volatile stocks on earnings include Yelp (YELP), GNC Holdings (GNC), Twitter (TWTR), and Nutrisystem (NTRI). Not one S&P 500 stock made the list of the top 40 most volatile stocks on earnings, so below we show the 40 most volatile S&P 500 stocks on earnings. Advanced Micro Devices (AMD) ranks first with an average move of +/-12.02% on its earnings reaction days over the last 5 years. Netflix (NFLX) ranks second with an average move of +/-11.21%. AMD and NFLX are the only two S&P 500 stocks that typically experience moves of 10% or more on earnings. Expedia (EXPE), Michael Kors (KORS), and Akamai (AKAM) round out the top five. Other notables on the list include NVIDIA (NVDA), Chipotle (CMG), Best Buy (BBY), Amazon.com (AMZN), Electronic Arts (EA), and eBay (EBAY). Analysts Retreat Apr 9, 2018 Earnings season kicks off this week as the first of the major companies start to report Q1 numbers. Most of the big names reporting are Financials like Blackrock (BLK) on Thursday after the close, and then Citigroup (C), JP Morgan (JPM), PNC, and Wells Fargo (WFC) on Friday morning. Besides these names, the only non-Financials of note are Bed Bath & Beyond (BBBY) on Wednesday and Delta (DAL) and Rite Aid (RAD) on Thursday. The pace of reports will pick up next week when 134 companies in the S&P 1500 are expected to report, but the peak period of earnings season will be over the following two weeks when more than 450 companies are scheduled to report each week. The busiest day during that period will be on 4/26 when 173 companies in the S&P 500 are expected to report in a single day! For a more detailed rundown of the earnings schedule for the upcoming season, please see our Interactive Earnings Calendar, and to prepare for how individual companies you follow tend to react to earnings, make sure to check out our Earnings Screener (available to all Institutional clients).
As Earnings Season Kicks Off, Should Investors Be Excited? Posted by lplresearch First quarter earnings season kicks off this week with several financial companies reporting results on April 12–13, and we are expecting another strong quarter of results. The S&P 500 Index has grown earnings at a double-digit clip three out of the past four quarters (as shown in today’s Chart of the Day below); could it make it four out of five? LPL Chief Investment Strategist John Lynch noted, “Earnings should get a boost from the new tax law, on top of strong economic growth globally, robust U.S. manufacturing activity, and a weaker U.S. dollar. Gains are expected to be broad-based, with potential increases in all 11 S&P sectors.” Some key areas to watch include company announcements on planned uses of tax law proceeds, the impact of trade tensions on company outlooks, and potential wage pressures. In our latest Weekly Market Commentary, due out later today, we provide a detailed preview of the upcoming earnings season. Though difficult to predict, robust growth in corporate profits may help stocks stabilize by shifting investor attention away from trade headlines and toward strong company fundamentals. Looking ahead, we maintain our 2018 S&P 500 earnings forecast of $152.50*, representing growth in the mid-teens. That strong earnings growth forecast supports our double-digit return expectation for the index in 2018, though those gains may come with some volatility.
Here are the earnings scheduled after the close today (4/11/18) and before the open tomorrow morning (4/12/18)- ($RAD $DAL $BLK $BBBY $OZRK $APOG $CBSH $SJR $NTIC)
...and finally here are the earnings scheduled before the open Friday morning (4/13/18)- ($JPM $C $WFC $PNC $INFY $FRC $FHN $PIXY $DGLY)
