With the third quarter ending last week, Q3 earnings season is right around the corner. For investors, there is some optimism that the current quarter will show better overall growth than we have recently seen. We have always considered earnings season to be the period covering earnings reports starting with Alcoa (AA) and ending with Wal-Mart (WMT). Although AA is far from the industrial powerhouse that it used to be and is in the process of splitting up, most companies report in this window, so we use these two companies as our rough start and end dates for the coming earnings season.
The real heart of earnings season doesn’t begin for a couple more weeks, and the peak reporting day for this earnings season is not until 10/27 when more than 60 companies in the S&P 500 will report. Outside of AA on 10/11, the only other real major reports next week are CSX on 10/12, Wynn Resorts (WYNN) on Thursday, and then several banks including Citigroup (C), JP Morgan (JPM), PNC, and Wells Fargo (WFC) on Friday. For a more detailed rundown of the earnings schedule for the upcoming season, please see our Interactive Earnings Calendar.
As we do each quarter, we just posted our quarterly preview of the coming earnings season based on trends in analyst revisions for the market as a whole and individual sectors. For anyone who trades in the market on a regular basis, this report is a must read. To view it, sign up for a monthly Bespoke Premium membership and get 10% off for life ($89/month).