Earnings season kicks off this week as the first of the major companies start to report Q3 numbers. Most of the big names reporting are Financials like Citigroup (C), JPMorgan Chase (JPM), PNC, and Wells Fargo (WFC), which all report on Friday morning. Besides these names, the only non-Financials of note are Delta Air Lines (DAL) and Walgreens Boots (WBA), which both report before the open on Thursday.
While the pace of reports is quiet this week, things will pick up next week when 126 companies in the S&P 1500 are expected to report. The peak period of earnings season, though, will be in the two weeks that follow as more than 900 companies in the S&P 1500 are scheduled to report. That’s 60% of the entire index in just two weeks! The busiest day during that period will be on 10/25 when 192 companies in the S&P 1500 are expected to report in a single day, while the second busiest day of earnings season is one week later on 11/1 when another 154 companies will report. 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 tend to react to earnings, check out our Earnings Screener (available to all Institutional clients).
Just in time for earnings season, in a just-published B.I.G. Tips report, we presented an analysis of how analyst sentiment heading into earnings season impacts stock market performance during the ensuing reporting period. For access to this must-see report, sign up for a monthly Bespoke Premium membership now!