The Market's True Earnings Expectations

Go beyond the consensus and become a better stock picker with Earnings Whisper numbers, investor sentiment, and proprietary research and tools to help you capture the Post-Earnings Announcement Drift (PEAD) and outperform the overall stock market. Plus, get the most accurate earnings dates, earnings news, and insights into how stocks react before and after earnings.



Most Anticipated Earnings Releases TM

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The most anticipated earnings releases for the week beginning September 30, 2026 are MU Micron Technology NKE NIKE ACN Accenture JBL Jabil PRGS Progress Software

Wednesday
Sep 30
Thursday
Oct 1
Friday
Oct 2
Monday
Oct 5
Tuesday
Oct 6
Before Open
After Close
Before Open
After Close
Before Open
After Close
Before Open
After Close
Before Open
After Close
Before the Open, Wednesday, September 30: JBL, CAG, FDS After the Close, Wednesday, September 30: MU, PRGS, BSET
Before the Open, Thursday, October 1: ACN, AYI, MKC After the Close, Thursday, October 1: NKE
Before the Open, Tuesday, October 6: APOG, RPM, LW After the Close, Tuesday, October 6: PENG, STZ, WS, NEOG, SAR
Wednesday Sep 30
Before the Open
JBL, CAG, FDS reporting before the open on Wednesday, September 30
After the Close
MU, PRGS, BSET reporting after the close on Wednesday, September 30
Thursday Oct 1
Before the Open
ACN, AYI, MKC reporting before the open on Thursday, October 1
After the Close
NKE reporting after the close on Thursday, October 1
Friday Oct 2
Before the Open
—
After the Close
—
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Earnings Whisper Grade

Find the Reports That Change Everything

Every earnings report gets a grade, A+ to F, scoring the results against the market’s true expectations — not the consensus estimate. Across 121,840 reports from Dec 2002 – Jul 2026, the grades have kept their order: failing grades trail, C grades track the market, and A+ stocks averaged 37.6% annualized — more than 3 times the S&P 500.

37.6% A+ stocks 4,865 reports
11.3% S&P 500 same holding windows
+232.1% A+ over the market annualized
December 17, 2002 – July 24, 2026 Quarterly Returns by Earnings Whisper Grade 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% F: −0.3% average over 5,990 reports (47% finished higher) F D-: +0.9% average over 6,862 reports (50% finished higher) D- D: +1.4% average over 8,628 reports (52% finished higher) D D+: +1.6% average over 13,035 reports (54% finished higher) D+ C-: +2.2% average over 15,579 reports (56% finished higher) C- C: +2.2% average over 14,740 reports (56% finished higher) C C+: +2.8% average over 14,606 reports (57% finished higher) C+ B-: +3.2% average over 12,911 reports (57% finished higher) B- B: +4.1% average over 9,023 reports (59% finished higher) B B+: +4.7% average over 8,632 reports (59% finished higher) B+ A-: +5.6% average over 4,671 reports (59% finished higher) A- A: +7.6% average over 2,298 reports (59% finished higher) A A+: +8.3% average over 4,865 reports (62% finished higher) A+ The S&P 500 has averaged 2.7% per quarter A+ Earnings 37.6% Average Annualized Return 232.1% over the S&P 500 Buying at the open following an earnings release and holding until after its next earnings release.
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The Whisper Report®

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Credit Is the Tell

Monday, September 28, 2026
Constructive fundamentals are being tested by weak breadth, credit, and regional banks ahead of jobs and PCE.
MU NKE JBL CAG PAYX AZO
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Earnings Preview

NKE NIKE is confirmed to report Thursday, October 1, after the close.

Nike Faces a Margin Test Wall Street No Longer Trusts as Stock Slides Below Its 200-Day Line

Nike walks into this report carrying a story that sounded compelling three months ago but has since been battered by a falling stock price and rising skepticism. The narrative from June was straightforward: revenue would keep shrinking for a while longer, but gross margin recovery was arriving faster than expected, and performance categories like running were doing the heavy lifting. Since then the stock has dropped nearly 13 percent while the S&P 500 climbed almost 4 percent, a swing of more than 16 percentage points that suggests the market is not simply buying the turnaround story at face value.

Consensus calls for revenue of $11.43 billion, essentially in the middle of management's own guided range of $10.96 billion to $11.60 billion, so the Street is not pushing against the company's outlook in either direction. EPS expectations of $0.44 represent a 10.2 percent year-over-year decline, and revenue is expected to fall 2.5 percent, both consistent with a company still working through a deliberate reshaping of its business toward higher margin, lower volume. Notably, the earnings whisper of $0.48 sits above consensus, a modest but real signal that some traders think the bar has been set conservatively enough to clear.

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Top Earnings News

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The recent, most closely watched, earnings results.

Progress Software Beat Expectations, Provides Mixed Guidance
Wednesday, September 30, 2026 at 4:05 PM
Progress Software (PRGS) reported earnings of $1.69 per share on revenue of $246.01 million for the fiscal third quarter ended August 2026. The consensus earnings estimate was $1.49 per share on revenue of $247.16 million. The Earnings Whisper number was $1.60 per share. The company beat expectations by 5.63% while revenue fell 1.52% compared to the same quarter a year ago.

The company said it expects fourth quarter non-GAAP earnings of $1.24 to $1.33 per share on revenue of $297.0 million to $305.0 million. The current consensus earnings estimate is $1.41 per share on revenue of $251.36 million for the quarter ending November 30, 2026.

Progress provides software that enables organizations to develop and deploy their mission-critical applications and experiences, as well as effectively manage their data platforms, cloud and IT infrastructure.

Micron Technology Missed Expectations, Guides Above Estimates
Wednesday, September 30, 2026 at 4:01 PM
Micron Technology (MU) reported earnings of $33.19 per share on revenue of $54.23 billion for the fiscal fourth quarter ended August 2026. The consensus earnings estimate was $31.41 per share on revenue of $50.86 billion. The Earnings Whisper number was $34.14 per share. The company missed expectations by 2.78% while revenue grew 379.27% on a year-over-year basis.

The company said it expects first quarter earnings of $37.15 to $39.15 per share on revenue of $60.0 billion to $63.0 billion. The current consensus earnings estimate is $34.83 per share on revenue of $56.6 billion for the quarter ending November 30, 2026.

“Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027,” said Sanjay Mehrotra, Chairman and CEO of Micron Technology. “AI is becoming Super Intelligence (SI), and memory enhances this intelligence and the competitiveness of our customers’ platforms. We are increasing our investments in technology, products and manufacturing to help drive SI forward with our customers, and our Strategic Customer Agreements provide added confidence in the durability of Micron’s financial performance.”

Micron Technology Inc is a manufacturer and marketer of DRAM, NAND Flash memory, CMOS image sensors and other semiconductor components. It has two segments, Memory and Imaging.

Bassett Furniture Industries Beat Consensus Estimates
Wednesday, September 30, 2026 at 4:01 PM
Bassett Furniture Industries (BSET) reported earnings of $0.24 per share on revenue of $82.84 million for the fiscal third quarter ended August 2026. The consensus earnings estimate was $0.13 per share on revenue of $83.05 million. The company beat consensus estimates by 84.62% while revenue grew 3.41% on a year-over-year basis.

Bassett Furniture Industries Inc is a manufacturer, importer and retailer of mid-priced home furnishings. The Company' business segments are Wholesale, Retail, and Investments and Real Estate.

The Drift

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Upcoming Earnings

Chipmakers Sizzle While Nike Sweats It Out

September 26, 2026
MU NKE CCL ACN KMX MTN
This week's earnings parade features a fascinating split between the winners strutting in with confidence and the stragglers hoping to avoid a beating. Micron leads the technology charge with real swagger, riding a wave of optimism that has traders betting big on the memory-chip maker after several strong quarters. Jabil is another tech name walking in with its head held high, and CarMax rolls onto the lot looking like it could surprise the skeptics with a bullish tone that stands out from the pack. These are the companies where the mood music is upbeat, the recent track record is solid, and expectations, while high, seem earned rather than wishful. When a stock arrives with this kind of momentum, even a decent report can send it higher, though it also raises the bar for what counts as good news.
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Recent Positive Earnings

XMTR 16.9% since the report




Trusted Earnings Research Since 1998

For more than 25 years, investors and financial professionals have used Earnings Whispers to look beyond consensus estimates and better understand the expectations driving stock prices around earnings.

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