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.
The most anticipated earnings releases for the week beginning October 22, 2026 are
CAJPYCanonBEBloom EnergyMSFTMicrosoftGOOGLAlphabetLMTLockheed Martin
The market's true earnings expectation — and why beating the consensus estimate isn't enough.
Analysts update their models constantly, but they rarely publish every revision.
The Earnings Whisper® number captures what they actually expect — and
across two decades and more than 144,000 published numbers,
it has landed closer to actual reported earnings than the published consensus
69.7% of the time. Consequently, there is
no statistical benefit to beating the consensus estimate.
Average day-of move, since February 1999.
Companies that beat the Whisper closed higher by an average of 1.9%.
Those that cleared the published estimate but fell short of the Whisper closed
lower 55.0% of the time. There is no
statistical benefit to beating the consensus estimate — only the Whisper.
CAJPYCanonis confirmed to report Tuesday, October 27, before the open.
Canon Tests Its Highs Into September-Quarter Results as Sentiment Turns Cautious
Canon heads into its September-quarter report with an unusual split between price and mood. The shares have climbed 7.7% since the company last reported, beating the S&P 500 by more than five percentage points, and now sit within a whisker of their post-earnings high. Yet sentiment among retail investors has soured, sliding to 28.3% bearish from 14.0% bearish ahead of the prior report. A stock that keeps rising while the crowd grows more skeptical raises the question this release must settle: is the rally resting on durable earnings power, or has it run ahead of the fundamentals?
The numbers set an undemanding hurdle on one measure and a tougher one on another. In the year-ago September quarter, Canon earned $0.48 per share on revenue of $7.49 billion. Last quarter it earned $0.89 per share on $7.41 billion in sales, nearly double the year-ago figure on slightly lower revenue. That gap is the heart of the setup. If Canon can deliver anything close to last quarter's profitability on a similar revenue base, the year-over-year comparison will look dramatic. But the more meaningful test is whether the margin structure behind that $0.89 holds, because the top line itself has not been growing. Revenue roughly flat against last year means earnings gains have to come from mix, pricing, cost discipline or currency rather than volume. No clear published consensus figure is available to anchor expectations, and management has not offered fresh quantitative guidance since the last report, so the market will judge the quarter largely against Canon's own recent run rate.
argenx SE (ARGX) reported earnings of $7.80 per share on revenue of $1.75 billion for the third quarter ended September 2026. The consensus earnings estimate was $7.44 per share on revenue of $1.65 billion. The company beat consensus estimates by 4.84% while revenue grew 52.08% on a year-over-year basis.
argenx is a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases and cancer.
Packaging Corporation of America (PKG) reported earnings of $3.04 per share on revenue of $2.60 billion for the third quarter ended September 2026. The consensus earnings estimate was $2.95 per share on revenue of $2.56 billion. The Earnings Whisper number was $2.99 per share. The company beat expectations by 1.67% while revenue grew 12.46% on a year-over-year basis.
The company said it expects fourth quarter earnings of approximately $2.81 per share. The current consensus earnings estimate is $2.79 per share for the quarter ending December 31, 2026.
Packaging Corp of America is a producer of container board and corrugated products in the United States. The Company also produces multi-color boxes and displays, as well as meat boxes and wax-coated boxes for the agricultural industry.
Southwest Airlines (LUV) reported earnings of $0.66 per share on revenue of $8.42 billion for the third quarter ended September 2026. The consensus earnings estimate was $0.61 per share on revenue of $8.26 billion. The Earnings Whisper number was $0.50 per share. The company beat expectations by 32.00% while revenue grew 21.20% on a year-over-year basis.
The company said it expects fourth quarter non-GAAP earnings of $0.55 to $0.80 per share. The current consensus earnings estimate is $0.99 per share for the quarter ending December 31, 2026.
Southwest Airlines Co is an operator of passenger airline that provides scheduled air transportation in the United States and international markets.
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.
