Here are the most notable earnings releases for the trading week beginning October 26th, 2020- ($AAPL $AMZN $MSFT $AMD $UPS $FB $SHOP $BA $HAS $PFE $SMPL $MMM $TWLO $GE $FSLY $PINS $NOK $TWTR $MRNA $CHGG $ETSY $SAP $CAT $LGND $FVRR $SPOT $GOOGL $LLY $GILD $RTX $TDOC $OSTK $V $ATVI $MA $XOM $ABBV $HCA $SHW $F $NVS $NRZ $MRK) (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 October 26th, 2020- ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Apple, Inc. $115.04 Apple, Inc. (AAPL) is confirmed to report earnings at approximately 4:30 PM ET on Thursday, October 29, 2020. The consensus earnings estimate is $0.69 per share on revenue of $63.72 billion and the Earnings Whisper ® number is $0.80 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 77.23% with revenue decreasing by 0.50%. The stock has drifted lower by 72.0% from its open following the earnings release to be 27.7% above its 200 day moving average of $90.06. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, October 8, 2020 there was some notable buying of 84,327 contracts of the $140.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 6.1% move on earnings and the stock has averaged a 3.9% move in recent quarters. Amazon.com, Inc. - Amazon.com, Inc. (AMZN) is confirmed to report earnings at approximately 4:10 PM ET on Thursday, October 29, 2020. The consensus earnings estimate is $7.27 per share on revenue of $92.82 billion and the Earnings Whisper ® number is $7.93 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 71.87% with revenue increasing by 32.64%. Short interest has decreased by 24.0% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 24.4% above its 200 day moving average of $2,576.07. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 16, 2020 there was some notable buying of 5,419 contracts of the $3,300.00 call expiring on Friday, November 20, 2020. Option traders are pricing in a 7.1% move on earnings and the stock has averaged a 4.0% move in recent quarters. Microsoft Corp. $216.23 Microsoft Corp. (MSFT) is confirmed to report earnings at approximately 4:10 PM ET on Tuesday, October 27, 2020. The consensus earnings estimate is $1.53 per share on revenue of $35.67 billion and the Earnings Whisper ® number is $1.62 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 10.87% with revenue increasing by 7.91%. Short interest has decreased by 8.1% since the company's last earnings release while the stock has drifted higher by 4.4% from its open following the earnings release to be 14.1% above its 200 day moving average of $189.52. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 16, 2020 there was some notable buying of 96,053 contracts of the $250.00 call expiring on Friday, December 18, 2020. Option traders are pricing in a 4.5% move on earnings and the stock has averaged a 2.3% move in recent quarters. Advanced Micro Devices, Inc. $81.96 Advanced Micro Devices, Inc. (AMD) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, October 27, 2020. The consensus earnings estimate is $0.35 per share on revenue of $2.56 billion and the Earnings Whisper ® number is $0.37 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 94.44% with revenue increasing by 42.14%. Short interest has decreased by 43.5% since the company's last earnings release while the stock has drifted higher by 8.6% from its open following the earnings release to be 34.7% above its 200 day moving average of $60.86. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 23, 2020 there was some notable buying of 19,549 contracts of the $90.00 call expiring on Friday, October 30, 2020. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 5.9% move in recent quarters. United Parcel Service, Inc. $171.90 United Parcel Service, Inc. (UPS) is confirmed to report earnings at approximately 6:00 AM ET on Wednesday, October 28, 2020. The consensus earnings estimate is $1.82 per share on revenue of $19.95 billion and the Earnings Whisper ® number is $2.01 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 12.08% with revenue increasing by 8.91%. Short interest has decreased by 57.4% since the company's last earnings release while the stock has drifted higher by 24.9% from its open following the earnings release to be 42.1% above its 200 day moving average of $120.99. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, October 8, 2020 there was some notable buying of 5,193 contracts of the $195.00 call expiring on Friday, November 20, 2020. Option traders are pricing in a 7.9% move on earnings and the stock has averaged a 7.7% move in recent quarters. Facebook Inc. $284.79 Facebook Inc. (FB) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, October 29, 2020. The consensus earnings estimate is $1.92 per share on revenue of $19.64 billion and the Earnings Whisper ® number is $2.03 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 9.43% with revenue increasing by 11.26%. Short interest has decreased by 16.8% since the company's last earnings release while the stock has drifted higher by 11.3% from its open following the earnings release to be 26.9% above its 200 day moving average of $224.40. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 23, 2020 there was some notable buying of 22,964 contracts of the $300.00 call expiring on Friday, October 30, 2020. Option traders are pricing in a 7.5% move on earnings and the stock has averaged a 4.9% move in recent quarters. Shopify Inc. - Shopify Inc. (SHOP) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, October 29, 2020. The consensus earnings estimate is $0.53 per share on revenue of $636.31 million and the Earnings Whisper ® number is $0.84 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 178.95% with revenue increasing by 62.93%. Short interest has decreased by 4.8% since the company's last earnings release while the stock has drifted lower by 7.3% from its open following the earnings release to be 36.7% above its 200 day moving average of $750.62. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, October 20, 2020 there was some notable buying of 1,056 contracts of the $950.00 put expiring on Friday, November 20, 2020. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 6.8% move in recent quarters. Boeing Co. $167.36 Boeing Co. (BA) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, October 28, 2020. The consensus estimate is for a loss of $2.23 per share on revenue of $14.56 billion and the Earnings Whisper ® number is ($2.01) per share. Investor sentiment going into the company's earnings release has 20% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 253.79% with revenue decreasing by 27.13%. Short interest has decreased by 12.0% since the company's last earnings release while the stock has drifted lower by 3.2% from its open following the earnings release to be 12.5% below its 200 day moving average of $191.18. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, October 16, 2020 there was some notable buying of 24,464 contracts of the $170.00 call and 12,348 contracts of the $170.00 put expiring on Friday, November 20, 2020. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 2.5% move in recent quarters. Hasbro, Inc. $92.00 Hasbro, Inc. (HAS) is confirmed to report earnings at approximately 6:30 AM ET on Monday, October 26, 2020. The consensus earnings estimate is $1.67 per share on revenue of $1.78 billion and the Earnings Whisper ® number is $1.72 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 9.24% with revenue increasing by 13.00%. Short interest has decreased by 6.6% since the company's last earnings release while the stock has drifted higher by 22.6% from its open following the earnings release to be 17.6% above its 200 day moving average of $78.24. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, October 23, 2020 there was some notable buying of 1,315 contracts of the $95.00 call expiring on Friday, October 30, 2020. Option traders are pricing in a 11.1% move on earnings and the stock has averaged a 9.3% move in recent quarters. Pfizer, Inc. $38.18 Pfizer, Inc. (PFE) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, October 27, 2020. The consensus earnings estimate is $0.70 per share on revenue of $12.27 billion and the Earnings Whisper ® number is $0.77 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 6.67% with revenue decreasing by 3.23%. The stock has drifted lower by 0.9% from its open following the earnings release to be 6.0% above its 200 day moving average of $36.03. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, October 13, 2020 there was some notable buying of 51,244 contracts of the $41.00 call expiring on Friday, November 20, 2020. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 3.2% move in recent quarters. ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Here are the most anticipated Earnings Releases for this upcoming trading week ahead. ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 10.26.20 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 10.26.20 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 10.27.20 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 10.27.20 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 10.28.20 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 10.28.20 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 10.29.20 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 10.29.20 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 10.30.20 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 10.30.20 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!
Here are the scheduled earnings releases due out before the market open on Monday (10/26/20)- ($SMPL $HAS $SAP $HCA $NRZ $BMRC $BOH $OTIS $CBU $AMG $ARLP $SI $HBT $KOP)
Here are the scheduled earnings releases due out after the market close today (10/29/20)- ($AAPL $AMZN $FB $TWTR $GOOGL $ATVI $SBUX $APPS $CVNA $OPK $VRTX $TEAM $QDEL $MGM $FTNT $X $ZEN $IPHI $SKX $BAND $AUY $WWE $FIVN $SHAK $MVIS $CAKE $SGEN $DECK $BLDR $LPSN $OLED $CAR $STNE $BE $PFPT $MPWR $DLR $CDNA $KTOS $FND $ILMN)
Here are the scheduled earnings releases due out before the market open on Friday (10/30/20)- ($ABBV $XOM $LGND $HEXO $CVX $HON $MO $UAA $CL $LHX $CHTR $WY $BAH $GT $PSX $MGI $OIIM $FLIR $FTS $PEG $CBOE $NWL $BR $RUTH $SJR $PNW $KKR $WPC $AXL $LEA $AON $IPGP $POR $IRMD $XHR $ASIX $MMP $DSKE $LYB $WETF $TIGO $PNM $ATRO)
Extraordinary Earnings Mon, Oct 26, 2020 Just when we thought earnings results couldn't get much better when it comes to beating consensus analyst estimates, the results so far this earnings season have been stronger than ever. Through last Friday, 85% of the 271 companies that had reported Q3 results beat consensus bottom-line expectations. That's more than 25 percentage points above the average beat rate of ~60% seen over the last twenty years. The top-line beat rate for revenues has been almost as strong at 78%, while the percentage of companies raising guidance (17%) is higher than we've ever seen. Share-price reactions to earnings haven't been as strong as beat rates, but the numbers are still positive. So far this season, the average stock that has reported has gained 0.55% on its earnings reaction day (the first full day of trading after the earnings release). To get to that +0.55% full-day gain, the average stock has actually opened higher by 0.97% and then sold off by 0.44% from the open to the close of trading. So while we're seeing stocks gain in reaction to earnings, underneath the surface we've seen a stronger initial reaction to the news and then some intraday selling. Of the 271 stocks that have reported, 13 have gained more than 10% on their earnings reaction days. These 13 stocks are listed below, with Align Tech (ALGN) at the top of the list after gaining 34.97% last Thursday. Three other stocks have gained more than 20% on their earnings reaction days -- Snap (SNAP), CIT Group (CIT), and Calix (CALX). Other notables on the list of big winners so far this earnings season include Boston Beer (SAM), WD-40 (WDFC), and Logitech (LOGI). Over at Bespoke Premium, we provide clients with the beat-rate trackers below that highlight the rolling percentage of companies beating EPS and sales estimates over the last three months. You can see the massive spike for the rolling 3-month EPS beat rate last earnings season that has ticked even higher so far this season. The only times we've seen beat rates even remotely close to these levels were in the early days of the 2003-2007 bull market and the early days of the post-Finanical Crisis bull market in late 2009. Back then, the EPS beat rate ticked up to the ~70% level, but again, we're a full eight points higher than that now. We're seeing the same extraordinary trend when it comes to what companies are saying about their future prospects. If you follow earnings releases closely, you know that forward guidance drives share-price reactions more than backwards-looking EPS and sales results. Below is our guidance tracker that's also available to Bespoke Premium clients. This tracker shows the net percentage of companies that have raised guidance (vs. lowered guidance) over the last three months on a rolling basis dating back to the early 2000s. Here again, the guidance spread spiked dramatically last earnings season in July and August, and it has gone on to tick even higher as this season's results have started to come in. There has never been a period at least in the last 17 years where companies have been this positive on their outlooks relative to prior expectations. We've seen spikes before in early 2004, late 2009 and early 2018, but those periods look unexceptional compared to what we're seeing now. Click here to start a two-week free trial to Bespoke Premium. You'll start receiving our actionable research in your inbox immediately and gain access to investor tools like our Earnings Explorer referenced in this post.
