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

Next Week →

The most anticipated earnings releases for the week beginning September 18, 2026 are COST Costco Wholesale BB BlackBerry CBRL Cracker Barrel Old Country Store THO THOR Industries DRI Darden Restaurants

Friday Sep 18
Before the Open
After the Close
Monday Sep 21
Before the Open
After the Close
ABVX reporting after the close on Monday, September 21
Tuesday Sep 22
Before the Open
THO, MLKN, AZO reporting before the open on Tuesday, September 22
After the Close
KBH, WOR, AYTU reporting after the close on Tuesday, September 22
See the full week →

The Earnings Quarter

Eighty-Nine Days Nobody Is Watching

A company reports once every three months. Its stock spends the other eighty-nine days deciding what the report meant — and that path has a shape. Knowing whether a stock is still drifting on its last report, sitting in the quiet middle, or already running up into the next one tells you which questions matter now, and where the odds are quietly tilting.

53% Gap higher after reporting
+3.5% Average up gap previous close to open
−3.8% Average down gap previous close to open

The gap is the opening move. What happens over the following three months is a different question — and a more useful one.

A worked example, not an average: JPM across its own earnings quarters, indexed to its price two weeks before each report.
Read the research

The Whisper Report®

See all

The Fed Test

Monday, September 14, 2026
A Fed hike is not necessarily bearish if productivity and earnings stay strong. For now, JNK and SPY support need to hold.
Read Report

Earnings Preview

COST Costco Wholesale is confirmed to report Thursday, September 24, after the close.

Costco's Margin Trade-Off Faces Its Next Test as Stock Slides Below Its 200-Day Average

Costco heads into its fiscal fourth-quarter report carrying one of the more interesting tensions in retail right now: sales momentum has been accelerating for four straight quarters, yet the stock has fallen 8.6 percent since the last print while the S&P 500 gained slightly. That divergence is the central puzzle investors need this report to resolve.

Wall Street expects EPS of $6.48 on revenue of $94.78 billion, representing roughly 10 percent growth on both lines. The Earnings Whisper number sits marginally higher at $6.54, suggesting the bar is not dramatically elevated but skews slightly optimistic. Costco does not issue formal guidance, so the real benchmark is the trajectory management laid out last quarter, when net sales growth hit 11.6 percent, the fastest of the past four quarters, powered by record-breaking gasoline volumes and comps ex-gas and FX holding near 6.6 percent. If that pace decelerates meaningfully from Q3 levels, it would be the first crack in an otherwise strengthening demand story.

Continue reading →

Top Earnings News

See all

The recent, most closely watched, earnings results.

Innate Pharma S.A. Reported Earnings

Thursday, September 17, 2026 at 1:00 AM
Innate Pharma S.A. (IPHA) reported a loss of $0.24 per share on for the second quarter ended June 2026. .

Innate Pharma S.A. is a commercial stage oncology-focused biotech company. It discovers and develops therapeutic antibodies for the treatment of cancer. The company's commercial-stage product includes Lumoxiti. Innate Pharma S.A. is based in Marseille, France.

Lennar Missed Expectations, Sees Revenue Below Estimates

Wednesday, September 16, 2026 at 4:30 PM
Lennar (LEN) reported earnings of $1.23 per share on revenue of $8.05 billion for the fiscal third quarter ended August 2026. The consensus earnings estimate was $1.29 per share on revenue of $8.33 billion. The Earnings Whisper number was $1.28 per share. The company missed expectations by 3.91% while revenue fell 8.67% compared to the same quarter a year ago.

The company said it expects fourth-quarter homebuilding revenue of $8.14 billion to $8.74 billion. The current consensus revenue estimate is $9.38 billion for the quarter ending November 30, 2026.

Stuart Miller, Executive Chairman, Chief Executive Officer and President of Lennar, said, "Our third quarter 2026 results reflect consistent focus on our operating strategy of maintaining volume and production while navigating a challenging economic environment. While our earnings of $1.19 per share were below expectations, they reflect the nature of the environment in which we are operating, which has deteriorated since our last earnings call."

Lennar Corporation is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name.

LuxExperience B.V. Beat Expectations, Guides In-line

Wednesday, September 16, 2026 at 6:00 AM
LuxExperience B.V. (LUXE) reported a loss of $0.04 per share on revenue of $771.70 million for the fiscal fourth quarter ended June 2026. The consensus estimate was a loss of $0.11 per share on revenue of $727.39 million. The Earnings Whisper number was a loss of $0.14 per share. The company beat expectations by 71.43% while revenue grew 15.71% on a year-over-year basis.

The company said it expects fiscal 2027 revenue of $2.989 billion to $3.147 billion. The current consensus revenue estimate is $3.00 billion for the year ending June 30, 2027.

LuxExperience is the leading digital, multi-brand luxury group and the online shopping destination for luxury enthusiasts worldwide.

The Drift

Read more
Upcoming Earnings

This Week in Earnings: Travel Giants Stumble as Homebuilders Sweat and Retail Holds Its Breath

September 12, 2026
FPS HITI TCOM PLAY LEN RFIL
This week's earnings docket is a mixed bag of nerves and cautious optimism. The headliner is Trip.com, the travel booking powerhouse, and the mood heading in looks decidedly gloomy. Analysts have been quietly walking back their expectations, and the whispers on the street suggest the company may struggle to live up to the sky-high hopes investors had after its post-pandemic travel boom. Homebuilder Lennar is in a similar boat, with the housing market's higher-for-longer interest rate hangover weighing heavily on sentiment. Both stocks tend to swing hard when they report, so anyone holding them should expect fireworks either way. Meanwhile, Dave & Buster's, the arcade-and-eats chain, is walking into its report on shaky legs. Momentum has cooled, and the crowd is bracing for a bumpy night at the games.
Continue reading →

Recent Positive Earnings

HIPO 0.0% since the report 0.4% above its post-earnings high




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.

Learn more about Earnings Whispers