Earnings season really picks up this week with 400+ companies set to report. The chart below shows the number of earnings reports by day over the next month and can be found updated daily at our Earnings Explorer page. Start a two-week free trial to Bespoke Institutional to access this page along with everything else we have to offer!
A number of Dow 30 stocks like Coca-Cola (KO), Procter & Gamble (PG), United-Tech (UTX), and Verizon (VZ) will report Q1 earnings Tuesday morning ahead of the open. On Wednesday, we’ll hear from more big Industrials companies like Boeing (BA), Caterpillar (CAT), General Dynamic (GD), and Northrop Grumman (NOC) in the morning, while in the afternoon, investors will be focused on names like Facebook (FB), Microsoft (MSFT), Tesla (TSLA), and Visa (V).
On Thursday, we’ll get 3M (MMM), Altria (MO), and UPS in the morning, followed by Amazon (AMZN), Intel (INTC), and Starbucks (SBUX) after the close. Finally, Chevron (CVX) and Exxon Mobil (XOM) will round out the week with reports on Friday.
You’ll notice a number of additional data points in the table above to go along with each company’s report date, EPS estimate, and sales estimate. Also included are the historical earnings per share and sales beat rate that we track for every US stock. These two data points show how often a company beats estimates on both the top and bottom line. The final column in the table shows the average one-day price change that the stock has historically experienced on its earnings reaction day. For example, Facebook (FB) has historically averaged a huge gain of 3.11% on its earnings reaction day, while Exxon Mobil (XOM) has averaged a one-day decline of 0.77%.
Within our Earnings Explorer tool, users can pull up key information for individual stocks with our Stock Search feature. Below are snapshots pulled from the Earnings Explorer for Lockheed Martin (LMT), Facebook (FB), and Amazon (AMZN), which all report this week.
You’ll notice huge EPS beat rates for both Lockheed Martin and Facebook. Facebook also has an extremely high sales beat rate. A high beat rate for a stock means that expectations heading into future reports will also be high.
On the right side of the stock-specific snapshot from our tool, there are charts showing historical actual versus estimated EPS and sales so you can easily see how these two important measures are trending. For LMT, sales have really picked up over the last few years after a multi-year sideways period from 2010 through 2016. Facebook has had a few bumps in the road for sales but is still trending higher. When looking through these charts for individual companies, it’s easy to tell which ones are performing well and which ones are struggling.
One company that’s definitely not struggling when it comes to revenues is Amazon (AMZN). In the third snapshot below, you can see a basically parabolic trajectory for AMZN sales over time. In Q1, AMZN sales are projected for $60 billion, which would be $9 billion more than the $51 billion in sales that the company recorded in Q1 2018. There are a number of additional features in our Earnings Explorer that aren’t shown in this write-up. We urge you to try it out and see for yourself just how helpful it is during earnings season! You can access it now with a two-week free trial to Bespoke Institutional.