Here are the most notable earnings releases for the trading week beginning July 8th, 2019- ($PEP $DAL $AZZ $BBBY $LEVI $FAST $MSM $INFY $LNN $ANGO $WDFC $HELE $NTIC $PSMT $AIR $EXFO $SLP $SAR $ASPU $YRD) (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 July 8th, 2019- ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ PepsiCo, Inc. $133.02 PepsiCo, Inc. (PEP) is confirmed to report earnings at approximately 6:10 AM ET on Tuesday, July 9, 2019. The consensus earnings estimate is $1.49 per share on revenue of $16.42 billion and the Earnings Whisper ® number is $1.53 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 7.45% with revenue increasing by 2.05%. Short interest has decreased by 1.2% since the company's last earnings release while the stock has drifted higher by 6.4% from its open following the earnings release to be 12.8% above its 200 day moving average of $117.92. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, July 2, 2019 there was some notable buying of 1,487 contracts of the $130.00 put and 1,470 contracts of the $130.00 call expiring on Friday, August 16, 2019. Option traders are pricing in a 2.4% move on earnings and the stock has averaged a 2.6% move in recent quarters. Delta Air Lines, Inc. $58.70 Delta Air Lines, Inc. (DAL) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, July 11, 2019. The consensus earnings estimate is $2.30 per share on revenue of $12.35 billion and the Earnings Whisper ® number is $2.33 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat The company's guidance was for earnings of $2.05 to $2.35 per share. Consensus estimates are for year-over-year earnings growth of 29.94% with revenue increasing by 4.88%. Short interest has increased by 5.7% since the company's last earnings release while the stock has drifted lower by 0.5% from its open following the earnings release to be 9.8% above its 200 day moving average of $53.48. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 20, 2019 there was some notable buying of 4,211 contracts of the $60.00 call expiring on Friday, September 20, 2019. Option traders are pricing in a 3.3% move on earnings and the stock has averaged a 2.5% move in recent quarters. AZZ Inc. $46.10 AZZ Inc. (AZZ) is confirmed to report earnings at approximately 6:30 AM ET on Monday, July 8, 2019. The consensus earnings estimate is $0.71 per share on revenue of $285.70 million. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 18.33% with revenue increasing by 8.95%. Short interest has increased by 81.1% since the company's last earnings release while the stock has drifted higher by 6.7% from its open following the earnings release to be 2.5% above its 200 day moving average of $44.99. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 7.5% move in recent quarters. Bed Bath & Beyond, Inc. $11.47 Bed Bath & Beyond, Inc. (BBBY) is confirmed to report earnings at approximately 4:15 PM ET on Wednesday, July 10, 2019. The consensus earnings estimate is $0.08 per share on revenue of $2.58 billion and the Earnings Whisper ® number is $0.08 per share. Investor sentiment going into the company's earnings release has 38% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 75.00% with revenue decreasing by 6.31%. Short interest has increased by 20.8% since the company's last earnings release while the stock has drifted lower by 32.8% from its open following the earnings release to be 20.1% below its 200 day moving average of $14.36. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, July 2, 2019 there was some notable buying of 21,114 contracts of the $10.00 put expiring on Friday, July 19, 2019. Option traders are pricing in a 18.1% move on earnings and the stock has averaged a 13.8% move in recent quarters. Levi Strauss & Co. $22.27 Levi Strauss & Co. (LEVI) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, July 9, 2019. The consensus earnings estimate is $0.14 per share on revenue of $1.31 billion and the Earnings Whisper ® number is $0.15 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. The stock has drifted lower by 4.1% from its open following the earnings release. The stock has averaged a 4.0% move on earnings in recent quarters. Fastenal Co. $32.09 Fastenal Co. (FAST) is confirmed to report earnings at approximately 6:50 AM ET on Thursday, July 11, 2019. The consensus earnings estimate is $0.37 per share on revenue of $1.38 billion and the Earnings Whisper ® number is $0.38 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 50.00% with revenue increasing by 8.84%. Short interest has increased by 85.0% since the company's last earnings release while the stock has drifted lower by 52.5% from its open following the earnings release to be 5.7% above its 200 day moving average of $30.36. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, June 24, 2019 there was some notable buying of 2,003 contracts of the $25.00 put expiring on Friday, January 15, 2021. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 6.7% move in recent quarters. MSC Industrial Direct Co. Inc. $73.95 MSC Industrial Direct Co. Inc. (MSM) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, July 10, 2019. The consensus earnings estimate is $1.50 per share on revenue of $881.83 million and the Earnings Whisper ® number is $1.49 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat The company's guidance was for earnings of $1.46 to $1.52 per share on revenue of $874.00 million to $891.00 million. Consensus estimates are for year-over-year earnings growth of 7.91% with revenue increasing by 6.46%. Short interest has increased by 1.5% since the company's last earnings release while the stock has drifted lower by 6.9% from its open following the earnings release to be 9.0% below its 200 day moving average of $81.24. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 27, 2019 there was some notable buying of 510 contracts of the $75.00 call expiring on Friday, July 19, 2019. Option traders are pricing in a 7.2% move on earnings and the stock has averaged a 3.4% move in recent quarters. Infosys Technologies Ltd. $10.69 Infosys Technologies Ltd. (INFY) is confirmed to report earnings at approximately 8:05 AM ET on Friday, July 12, 2019. The consensus earnings estimate is $0.13 per share on revenue of $3.09 billion and the Earnings Whisper ® number is $0.14 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 51.85% with revenue increasing by 9.15%. Short interest has increased by 17.2% since the company's last earnings release while the stock has drifted higher by 0.8% from its open following the earnings release to be 2.2% above its 200 day moving average of $10.45. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.1% move on earnings and the stock has averaged a 4.3% move in recent quarters. AngioDynamics $20.43 AngioDynamics (ANGO) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, July 10, 2019. The consensus earnings estimate is $0.25 per share on revenue of $92.85 million. 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 25.00% with revenue increasing by 5.13%. Short interest has decreased by 8.7% since the company's last earnings release while the stock has drifted lower by 12.2% from its open following the earnings release to be 2.9% below its 200 day moving average of $21.03. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 8.9% move on earnings and the stock has averaged a 7.6% move in recent quarters. Lindsay Manufacturing Co. $83.06 Lindsay Manufacturing Co. (LNN) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, July 9, 2019. The consensus earnings estimate is $0.81 per share on revenue of $136.87 million and the Earnings Whisper ® number is $0.81 per share. Investor sentiment going into the company's earnings release has 23% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 51.20% with revenue decreasing by 19.28%. Short interest has increased by 26.9% since the company's last earnings release while the stock has drifted lower by 0.3% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release. ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ 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 7.8.19 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 7.8.19 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! NONE. Tuesday 7.9.19 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 7.9.19 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 7.10.19 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 7.10.19 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 7.11.19 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 7.11.19 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! NONE. Friday 7.12.19 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 7.12.19 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Here are the scheduled earnings releases due out after the market close today and before the market open on Wednesday morning (7/10/19)- ($LEVI $MSM $WDFC $ANGO $HELE $ASPU)
Here Comes Q2 Earnings Season! Second quarter earnings season kicks off this week as Pepsi (PEP) reports before the open tomorrow, while Kraft Heinz (KHC) reports Wednesday, and Delta (DAL) reports on Thursday. The real action, though, will come next week as the major banks and more than 50 other S&P 500 companies will report results. As shown in the chart below, the busiest day of this earnings season will be on 7/25 when 61 S&P 500 companies are scheduled to report, while the busiest week for earnings will be the following week when a total of 160 companies will be reporting. After that things will quickly start to die down in August. The key trend to watch this earnings season will be how often the term ‘China’ or ‘tariffs’ comes up in quarterly conference calls. With increased uncertainty created by the on-again, off-again escalation of trade disputes between the US and its largest trading partners, we have seen a significant uptick in negative analyst commentary. Over the last four weeks, analysts have raised EPS forecasts for just 278 companies in the S&P 1500 and lowered EPS forecasts for 611. This works out to a net of negative 333 or more than 22% of the stocks in the index. To put this in perspective, there has only been one other quarter in the last three years where the net EPS revisions spread heading into earnings season was more negative than it is now. This doesn’t mean that analysts are normally positive, though. As shown in the chart below, there have only been two quarters in the last seven years where the revisions spread was positive heading into earnings season. We have just published our quarterly preview of the upcoming earnings season and what to expect in terms of overall market and sector performance based on trends in analyst revisions.
The Most Volatile Stocks on Earnings: Q2 2019 Below is a snapshot from our Earnings Explorer tool showing the number of publicly traded US companies that are set to report earnings over the next month. As shown, things don't pick up until the second half of July and early August. In terms of beat rates, coming into this earnings season, the rolling 3-month EPS beat rate stands at 63.09%, which is well above the long-term average beat rate of 59.37%. (The beat rate represents the percentage of companies that have beaten consensus analyst EPS estimates over the last 3 months.) The 3-month revenue beat rate is at just 56.49%, however, which is right inline with the historical average. You can keep track of numerous earnings-related stats on a daily basis using our Earnings Explorer tool. Try it out now with a two-week free trial to Bespoke Institutional. As we do at the start of each earnings season, below we take a look at the most volatile stocks on earnings. When we look at earnings volatility, we mean how the stock typically moves on the first trading day following its quarterly earnings report. For stocks that report after the close, we're looking at its price change on the next trading day. For stocks that report in the morning before the open, we're looking at its price change on that trading day. We've been keeping track of earnings reports and price reactions to earnings for 20+ years now, and we have a database accessible to subscribers that lets you pull up historical earnings results for nearly every US company going back to 2001. Using our database, below is a list of the stocks with at least 10 years of quarterly earnings reports (at least 40 reports) that react the most violently to earnings. Each of the stocks listed has historically averaged a move of +/-9.4%+ on its earnings reaction day. The most volatile stock on earnings with at least 10 years of reports is Travelzoo (TZOO). Over time, the stock has seen an average one-day move of +/-13.01% when it reports earnings. TZOO reports before the open on 7/24 this season. Netflix (NFLX) ranks second with an average one-day move of +/-12.81%, followed by Stamps.com (STMP), iRobot (IRBT), and Synchronoss Tech (SNCR). Other notables on the list of biggest movers include Fossil (FOSL), First Solar (FSLR), Align Tech (ALGN), and Intuitive Surgical (ISRG). If we include companies that only have 5+ years of quarterly earnings results (20+ quarters), there are stocks with even more volatility. The Container Store (TCS) has 22 quarterly earnings reports, and the stock has averaged a one-day move of +/-17.63% on these days! Yelp (YELP) ranks 2nd with an average move of +/-15.18%, followed by Control4 (CTRL) at +/-14.67%, LendingTree (TREE) at +/-13.64%, and Enphase Energy (ENPH) at +/-13.21%. Finally, below is a list of companies that have between 6 and 20 quarterly earnings reports. Roku (ROKU) has 7 quarterly reports since it went public, and it has averaged a one-day move of nearly 25% on its earnings reaction day! The Trade Desk (TTD) has averaged a one-day move of +/-19.53% on its 11 earnings reports, while Inpinj (PI) has averaged a move of +/-18.89% on its 12 quarterly reports. Canada Goose (GOOS), Medpace (MEDP), and Wayfair (W) all average one-day moves of 13.6% or more.
Here are the scheduled earnings releases due out after the market close today and before the market open on Thursday morning (7/11/19)- ($DAL $BBBY $FAST $AIR $SLP $EXFO $PSMT $SAR $YRD)
