Here are the most notable earnings releases for the trading week beginning October 15th, 2018- ($NFLX $BAC $GS $UNH $CLF $PYPL $IBM $JNJ $LRCX $DPZ $BLK $MS $PGR $ISRG $SCH $GWW $CSX $AA $ABT $WGO $JBHT $NUE $SLB $HON $CMA $BX $SKX $KMI $PG $ASML $AXP $URI $TSM $URAL $PLD $FHN $ETFC $INFY $PM $STI $USB $TXT $ERIC $BBT $CREE) Netflix, Inc. $339.56 Netflix, Inc. (NFLX) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, October 16, 2018. The consensus earnings estimate is $0.68 per share on revenue of $3.99 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat The company's guidance was for earnings of approximately $0.68 per share. Consensus estimates are for year-over-year earnings growth of 134.48% with revenue increasing by 33.67%. Short interest has decreased by 3.7% since the company's last earnings release while the stock has drifted lower by 2.1% from its open following the earnings release to be 4.6% above its 200 day moving average of $324.52. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, September 26, 2018 there was some notable buying of 4,639 contracts of the $380.00 call and 4,487 contracts of the $380.00 put expiring on Friday, October 19, 2018. Option traders are pricing in a 11.7% move on earnings and the stock has averaged a 7.0% move in recent quarters. Bank of America Corp. $28.46 Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Monday, October 15, 2018. The consensus earnings estimate is $0.62 per share on revenue of $22.66 billion and the Earnings Whisper ® number is $0.64 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 29.17% with revenue decreasing by 10.56%. Short interest has increased by 11.1% since the company's last earnings release while the stock has drifted lower by 1.1% from its open following the earnings release to be 6.8% below its 200 day moving average of $30.52. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 12, 2018 there was some notable buying of 63,145 contracts of the $30.50 call expiring on Friday, October 19, 2018. Option traders are pricing in a 5.0% move on earnings and the stock has averaged a 1.2% move in recent quarters. Goldman Sachs Group, Inc. $213.87 Goldman Sachs Group, Inc. (GS) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, October 16, 2018. The consensus earnings estimate is $5.42 per share on revenue of $8.37 billion and the Earnings Whisper ® number is $5.68 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 7.97% with revenue increasing by 0.53%. Short interest has decreased by 16.5% 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 11.4% below its 200 day moving average of $241.45. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 12, 2018 there was some notable buying of 3,008 contracts of the $220.00 call expiring on Friday, October 19, 2018. Option traders are pricing in a 5.9% move on earnings and the stock has averaged a 2.3% move in recent quarters. UnitedHealth Group, Inc. $259.61 UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Tuesday, October 16, 2018. The consensus earnings estimate is $3.30 per share on revenue of $56.13 billion and the Earnings Whisper ® number is $3.37 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 24.06% with revenue increasing by 11.54%. Short interest has decreased by 17.0% since the company's last earnings release while the stock has drifted higher by 3.2% from its open following the earnings release to be 6.9% above its 200 day moving average of $242.89. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, September 28, 2018 there was some notable buying of 4,103 contracts of the $270.00 call expiring on Friday, November 16, 2018. Option traders are pricing in a 4.4% move on earnings and the stock has averaged a 2.5% move in recent quarters. Cleveland-Cliffs Inc $12.01 Cleveland-Cliffs Inc (CLF) is confirmed to report earnings at approximately 8:00 AM ET on Friday, October 19, 2018. The consensus earnings estimate is $0.66 per share on revenue of $723.70 million and the Earnings Whisper ® number is $0.72 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 83.33% with revenue increasing by 3.62%. Short interest has increased by 13.2% since the company's last earnings release while the stock has drifted higher by 27.4% from its open following the earnings release to be 37.6% above its 200 day moving average of $8.73. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, October 8, 2018 there was some notable buying of 18,474 contracts of the $13.00 call expiring on Friday, January 18, 2019. Option traders are pricing in a 11.4% move on earnings and the stock has averaged a 7.8% move in recent quarters. PayPal $79.03 PayPal (PYPL) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, October 18, 2018. The consensus earnings estimate is $0.54 per share on revenue of $3.67 billion and the Earnings Whisper ® number is $0.56 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat The company's guidance was for earnings of $0.53 to $0.55 per share. Consensus estimates are for year-over-year earnings growth of 17.39% with revenue increasing by 13.31%. Short interest has increased by 32.8% since the company's last earnings release while the stock has drifted lower by 10.7% from its open following the earnings release to be 3.5% below its 200 day moving average of $81.86. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 12, 2018 there was some notable buying of 12,628 contracts of the $87.50 call expiring on Friday, November 16, 2018. Option traders are pricing in a 8.0% move on earnings and the stock has averaged a 4.6% move in recent quarters. International Business Machines Corp. $140.85 International Business Machines Corp. (IBM) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, October 16, 2018. The consensus earnings estimate is $3.40 per share on revenue of $19.12 billion and the Earnings Whisper ® number is $3.43 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.03% with revenue decreasing by 0.17%. Short interest has increased by 31.8% since the company's last earnings release while the stock has drifted lower by 4.7% from its open following the earnings release to be 5.8% below its 200 day moving average of $149.50. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 1, 2018 there was some notable buying of 5,067 contracts of the $157.50 call expiring on Friday, November 2, 2018. Option traders are pricing in a 5.8% move on earnings and the stock has averaged a 5.5% move in recent quarters. Johnson & Johnson $133.87 Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, October 16, 2018. The consensus earnings estimate is $2.03 per share on revenue of $19.91 billion and the Earnings Whisper ® number is $2.06 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.84% with revenue increasing by 1.32%. Short interest has decreased by 14.7% since the company's last earnings release while the stock has drifted higher by 4.2% from its open following the earnings release to be 2.4% above its 200 day moving average of $130.73. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 28, 2018 there was some notable buying of 7,024 contracts of the $132.00 put expiring on Friday, October 19, 2018. Option traders are pricing in a 3.9% move on earnings and the stock has averaged a 2.8% move in recent quarters. Lam Research Corp. $143.61 Lam Research Corp. (LRCX) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, October 16, 2018. The consensus earnings estimate is $3.20 per share on revenue of $2.30 billion and the Earnings Whisper ® number is $3.29 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat The company's guidance was for earnings of $3.00 to $3.40 per share. Consensus estimates are for earnings to decline year-over-year by 7.51% with revenue decreasing by 7.19%. Short interest has decreased by 13.1% since the company's last earnings release while the stock has drifted lower by 22.4% from its open following the earnings release to be 22.0% below its 200 day moving average of $184.08. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 5, 2018 there was some notable buying of 3,230 contracts of the $140.00 put and 3,174 contracts of the $140.00 call expiring on Friday, December 21, 2018. Option traders are pricing in a 8.1% move on earnings and the stock has averaged a 4.7% move in recent quarters. BlackRock, Inc. $427.70 BlackRock, Inc. (BLK) is confirmed to report earnings at approximately 6:25 AM ET on Tuesday, October 16, 2018. The consensus earnings estimate is $6.93 per share on revenue of $3.67 billion and the Earnings Whisper ® number is $7.05 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 17.06% with revenue increasing by 13.52%. Short interest has decreased by 22.0% since the company's last earnings release while the stock has drifted lower by 14.5% from its open following the earnings release to be 17.0% below its 200 day moving average of $515.18. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, October 11, 2018 there was some notable buying of 2,128 contracts of the $440.00 call expiring on Friday, January 18, 2019. Option traders are pricing in a 5.6% move on earnings and the stock has averaged a 2.0% move in recent quarters. Here are the most anticipated ERs for this upcoming week ahead (I'll also have the weekly earnings calendar posted in here as well once it's out) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 10.15.18 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 10.15.18 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 10.16.18 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 10.16.18 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 10.17.18 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 10.17.18 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 10.18.18 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 10.18.18 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 10.19.18 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 10.19.18 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Here are the scheduled earnings releases due out before the market open tomorrow morning (10/16/18)- ($GS $UNH $JNJ $DPZ $BLK $MS $PGR $GWW $JBHT $CMA $PLD $FHN $INFY $MBWM $OMC)
Here are the scheduled earnings releases due out after the market close today (10/16/18)- ($NFLX $IBM $LRCX $CSX $UTAL $CREE $IBKR $ADTN $TACO $UFPI $FULT $MRTN $HCSG $HOPE $PNFP $UBNK $UCFC $HWC $LTXB $EQBK)
Here are the scheduled earnings releases due out before the market open tomorrow morning (10/17/18)- ($ABT $WGO $ASML $USB $UNF $MTG $BMI $MTB $NTRS $UBSH $NURO)
Third-Quarter Earnings Preview: What to Watch Third-quarter earnings season effectively kicks off today, and it should be another good one. S&P 500 Index companies are expected to report their ninth consecutive increase in profits and third consecutive quarter with earnings growth of over 20%. We expect these strong earnings gains to be driven mostly by solid economic growth, particularly manufacturing, and tax cuts—though higher oil prices should give energy sector profits a nice boost. The interest rate environment has gotten better for financials recently, which also helps. We like looking at company pre-announcements ahead of reporting season to get a sense of where results may come in. At 2.1, the ratio of negative to positive pre-announcements for the third quarter is higher (or more negative) than the second quarter and last year’s third quarter, but lower than the long-term average of 2.8 (Thomson Reuters’ data since 1995). We interpret this as a positive indicator of upside to S&P 500 earnings estimates, but the potential upside is more modest than in recent quarters. Similarly, earnings estimate revisions can tell us something about how results will come in. Third-quarter estimates have held steady since the quarter ended on September 30, but estimates were cut by 1.6% during the quarter. The good news is that the reduction in earnings is lower than the average reduction, suggesting that results will probably exceed estimates, as they typically do. So what should investors be watching during earnings season? We highlight these three factors: Profit margin pressure. In general, companies continue to do an excellent job controlling costs and keeping their profit margins high. But tariffs, (slowly) rising borrowing costs, and budding wage pressures have put the market on notice for potential narrowing of profit margins. Profit growth peak. We will again hear about peak profit growth this quarter. A peak in earnings growth is very different from an earnings decline, something we see as a long way off. “Historically, about four years have passed, on average, between an S&P 500 earnings growth peak and the next recession, during which stocks have produced solid gains,” notes our Chief Investment Strategist John Lynch. China-U.S. trade tensions. China will be important to watch again this earnings season given tariffs, the ongoing trade dispute, and related slower growth in the Chinese economy, which has pressured its stock market. We also expect to hear a lot about how companies are preparing for additional potential tariffs on Chinese goods, and whether they are seeing business in China drop off.
Here are the scheduled earnings releases due out after the market close today (10/17/18)- ($AA $URI $KMI $STLD $CCI $CCK $KALU $CTO $BDN $BHLB $TSC $UMPQ $TBK $WTFC $SLG $BPFH $CATY $GSBC $BXS $RLI $TCBI $SFBS $EGBN $CNS $HCCI $PFBC)
Here are the scheduled earnings releases due out over the course of the next 4 weeks- ($AMD $AMZN $FB $AAPL $TSLA $MSFT $NVDA $SQ $BABA $GE $SNAP $CLF $INTC $T $GOOGL $CGC $TWTR $BA $V $IQ $CAT $F $ROKU $SHOP $CRON $SLB $PG $BIDU $CELG $JD $HON $MA $DBX $HEAR $AMAT $TEVA $HAL $NOK $DIS $AAL $EA $TNDM $CMG $EBAY)
Here are the scheduled earnings releases due out before the market open tomorrow morning (10/18/18)- ($NUE $BX $PM $TSM $TXT $ERIC $ADS $SAP $SNA $PPG $KEY $DHR $BBT $TRV $NVS $BK $GPC $GTLS $MDSO $WBC $TTS $HOMB $LNN $POOL $SON $SASR $DOV $CTG $EWBC $STBA $WBS $AMRB $SBNY $CPSS)
Here are the scheduled earnings releases due out after the market close today (10/18/18)- ($PYPL $ISRG $AXP $SKX $ETFC $TEAM $CP $CE $WDFC $LLNW $WERN $FFBC $WAL $ASB $EXPO $PBCT $GBCI $INDB $OZK $EGP $ENFC $SBFG $PZN $CVTI)
And finally, here are the scheduled earnings releases due out before the market open on Friday morning (10/19/18)- ($CLF $PG $SLB $HON $STI $VFC $KSU $SYF $GNTX $MAN $STT $CFG $MINI $IBKC $EEFT $RCI $ABCB $OFG $IPG $SXT $ACU)
Bigger-than-usual earnings moves today (10/18/18)- ($SNA $WTFC $BXS $SBNY $HOMB $AA $GPC $SON $BDN $DHR $CATY $KEY $NUE)
