Earnings season kicks off this week as the first of the major companies start to report Q2 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 Pepsi (PEP) on Tuesday morning and Delta (DAL) before the open on Thursday.
The pace of reports picks up next week when 135 companies in the S&P 1500 are expected to report, but the peak period of earnings season will be in the two weeks that follow as more than 950 companies are scheduled to report. That’s nearly two-thirds of the entire index in just two weeks! The busiest day during that period will be on 7/26 when 193 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 8/2 when another 175 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).
We just published our quarterly look at analyst EPS revisions heading into this earnings season. In this report, we look to see if analysts are bullish or bearish on earnings for the upcoming quarter. Analyst sentiment at the start of earnings season has historically had a big impact on the stock market’s performance.
This report is a must-read. To see it, sign up for a Bespoke Premium membership now!