Our Earnings Calendar is part of our Earnings Explorer tool. The calendar shows the upcoming earnings report dates for US-listed companies over the next month, and investors use it as an easy way to monitor the names they’re most interested in. We provide quite a bit of information for each company listed in the calendar, including EPS and sales estimates, its historical beat rates, and its average share price performance on its earnings reaction day. If you ever want to know how a stock typically trades in reaction to its earnings report, this is the place to go.
The Q3 2019 earnings reporting period finally kicks off next week when most of the big banks are set to report. But the biggest weeks for earnings will come in the back half of October and the first couple weeks of November. As shown in the chart below, the week of October 28th through November 1st is the busiest of them all when we’ll see hundreds of companies report each day.
Below is a list pulled from our Earnings Calendar of the key earnings reports to watch next week (based on market cap). There are no key reports to speak of on Monday the 14th due to Columbus Day, but on Tuesday we’ll hear from Citigroup (C), Goldman (GS), JP Morgan (JPM), Wells Fargo (WFC), Johnson & Johnson (JNJ), and UnitedHealth (UNH) all before the open. On Wednesday, we’ll get results from Bank of America (BAC) in the morning and then IBM and Netflix (NFLX) after the close, while on Thursday we’ll hear from Morgan Stanley (MS), which will be the last of the major banks and brokers to report next week. American Express (AXP), Coca-Cola (KO), and Schlumberger (SLB) will finish off the week with reports on Friday morning.
Of the key stocks reporting next week, Goldman (GS), Johnson & Johnson (JNJ), and UnitedHealth (UNH) beat EPS estimates the most often at more than 90% of the time. In terms of price reactions, Intuitive Surgical (ISRG) — which reports on Thursday afternoon — has historically reacted the most positively to earnings with an average one-day gain of 3.24%. Bank of America (BAC) has the weakest price reaction to earnings with an average one-day drop of 0.95%.
In terms of earnings volatility, Netflix (NFLX) takes the cake with an average absolute one-day change of 12.78% on its earnings reaction day.
The following week (10/21-10/25) is when we’ll really be in the heart of the Q3 reporting period. A large number of Dow 30 stocks will report that week, including big blue chips like McDonald’s (MCD), United Tech (UTX), Procter & Gamble (PG), Boeing (BA), Caterpillar (CAT), Intel (INTC), and Microsoft (MSFT). The most important report of the week will come on Thursday the 24th when Amazon (AMZN) announces after the close. AMZN is currently expected to announce earnings of $7.19/share and revenues of $68.7 billion for the quarter. AMZN doesn’t have an abnormally high EPS beat rate at just 62.5%, but it is typically a very volatile name as its average one-day move on earnings has historically been nearly +/-10%. Just think, a 10% move for AMZN is a $174 swing in either direction based on its current share price.
We’ll certainly have more in-depth analysis of earnings reports in the days and weeks ahead, and you can get the most from our earnings work with a Bespoke Premium or Bespoke Institutional membership. CLICK HERE to start a two-week free trial today!