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Whisper
4:05 PM ET
$0.79
Jan 29
Implied
Average
-
12.9%
Whisper
6:55 AM ET
$4.02
Jan 15
Implied
Average
4.1%
2.5%
Whisper
2:00 AM ET
$2.23
Jan 16
Implied
Average
7.0%
5.6%
Whisper
8:00 AM ET
$1.30
Jan 15
Implied
Average
4.6%
2.3%
Whisper
4:00 PM ET
$3.09
Jan 21
Implied
Average
6.1%
8.2%
Whisper
5:55 AM ET
$6.89
Jan 16
Implied
Average
5.2%
5.5%
Whisper
7:00 AM ET
$1.40
Jan 15
Implied
Average
5.6%
3.1%
Whisper
7:30 AM ET
$9.12
Jan 16
Implied
Average
4.9%
1.5%
Whisper
6:10 AM ET
$11.75
Jan 15
Implied
Average
3.8%
3.6%
Whisper
4:05 PM ET
$-0.10
Jan 14
Implied
Average
19.4%
13.1%
Whisper
4:10 PM ET
$2.42
Jan 13
Implied
Average
9.2%
2.7%
Whisper
6:45 AM ET
$0.83
Jan 16
Implied
Average
4.7%
2.9%
The S&P 500 has averaged 2.7% per quarter0%1%2%3%4%5%6%7%8%9%FD-DD+C-CC+B-BB+A-AA+A+ Earnings42.7%Average Annualized Return285.6%over the S&P 500Quarterly Returns by Earnings Whisper GradeDecember 17, 2002 - November 7, 2024Buying at the open following an earnings release and holding until after its next earnings release.

Smart Investing

The difference between passing grades and failing grades has been so significant over the past 20 years, why would you ever choose a stock without at least checking it first?

Measuring the quality of earnings relative to investor expectations creates a superior measure of the Post-earnings Announcement Drift (PEAD) and, quite simply, those companies with favorable earnings and low expectations consistently outperform the market. ... and those with high expectations and weaker results don't.

From December 17, 2002 until November 7, 2024, the date of the last graded earnings release that has completed a quarter, we have graded 169,354 earnings releases. If you had randomly bought any of them at the open after their earnings release and held until the open following their next earnings release, you would have averaged 2.3% for the 13-week period. During the same period, there were 52,039 that we graded a D+ or lower and they averaged a decline of 0.3% for the quarter. On the other hand, there were 59,680 with an Earnings Whisper Grade of B- or higher, and they averaged a 4.9% quarterly gain.

The Whisper Report ®
The Cycle vs AI Productivity
Monday, January 6, 2025
JanFebMarAprMayJunJulAugSepOctNovDecJan$220$230$240$250$260$270STZConstellation Brands, Inc.Price by VolumeEarnings AVWAP
Market performance in 2025 will likely depend on whether AI productivity can offset cyclical pressures.
Earnings
Top Earnings News
AZZ Beat Expectations
Tuesday, January 7, 2025, 4:15 PM ET
JanFebMarAprMayJunJulAugSepOctNovDecJan$50$60$70$80$90AZZAZZ Inc.Price by VolumeEarnings AVWAP
AZZ (AZZ) reported earnings of $1.39 per share on revenue of $403.65 million for the fiscal third quarter ended November 2024. The consensus earnings estimate was $1.29 per share on revenue of $400.28 million. The Earnings Whisper number was $1.32 per share. The company beat expectations by 5.30%.
Recent Positive Earnings
DocuSign Beat Expectations
Thursday, December 5, 2024, 4:05 PM ET
JanFebMarAprMayJunJulAugSepOctNovDecJan$50$60$70$80$90$100DOCUDocuSignPrice by VolumeEarnings AVWAP
DocuSign (DOCU) reported earnings of $0.98 per share on revenue of $754.82 million for the fiscal third quarter ended October 2024. The consensus earnings estimate was $0.87 per share on revenue of $743.38 million. The Earnings Whisper number was $0.92 per share. The company beat expectations by 6.52% while revenue grew 7.77% on a year-over-year basis.
Expected Positive Earnings
American Airlines Group is Expected to Beat Estimates
Thursday, January 23, 2025, 0:00 AM ET
JanFebMarAprMayJunJulAugSepOctNovDecJan$10$12$14$16$18AALAmerican Airlines Group Inc.Price by VolumeEarnings AVWAP
American Airlines Group (AAL) is confirmed to report earnings on Thursday, January 23, 2025 at approximately 7:00 AM ET. The consensus earnings estimate is $0.62 per share on revenue of $13.17 billion, respresenting 0.8% year-over-year revenue growth, and the Earnings Whisper ® number is $0.80 per share. Investors are 19.9% bullish going into the company's earnings release. Option traders are pricing in a 6.5% move on earnings and the stock has averaged a 3.9% move in recent quarters.
Earnings Discussions
The Most Anticipated Earnings Releases for the Week of January 6, 2025
Sunday, January 5, 2025
JanFebMarAprMayJunJulAugSepOctNovDecJan$1.50$2.00$2.50$3.00TLRYTilray, Inc.Price by VolumeEarnings AVWAP
The most anticipated earnings releases for the week of January 6, 2025 are Tilray #TLRY, Delta Air Lines #DAL, RPM International #RPM, Walgreens Boots Alliance #WBA, Acuity Brands #AYI, AZZ #AZZ, Commercial Metals #CMC, Jefferies Financial #JEF, Simply Good Foods #SMPL, and KB Home #KBH.