Earnings Whispers: The Market's True Earnings Expectation

This Week's Confirmed Earnings

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The Earnings Whisper® Number

The market's true earnings expectation — and why beating the consensus estimate isn't enough.

Meme: beating the consensus estimate is not the same as beating expectations.

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 54.9% of the time. There is no statistical benefit to beating the consensus estimate — only the Whisper.

The Whisper Report^®

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Top Earnings News

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The recent, most closely watched, earnings results.

FIBROBIOLOGICS Beat Consensus Estimates

Friday, July 31, 2026 at 5:34 PM

FIBROBIOLOGICS (FBLG) reported a loss of $0.66 per share on revenue of $0.00 million for the second quarter ended June 2026. The consensus estimate was a loss of $0.93 per share. The company beat consensus estimates by 29.03%.

FibroBiologics Inc. is a cell therapy, regenerative medicine company developing a pipeline of treatments and potential cures for chronic diseases using fibroblast cells and fibroblast-derived materials. FibroBiologics Inc. is based in HOUSTON.

Arbor Realty Trust Beat Consensus Estimates

Friday, July 31, 2026 at 8:30 AM

Arbor Realty Trust (ABR) reported earnings of $0.08 per share on revenue of $230.86 million for the second quarter ended June 2026. The consensus earnings estimate was $0.05 per share on revenue of $230.69 million. The company beat consensus estimates by 60.00% while revenue fell 3.93% compared to the same quarter a year ago.

Arbor Realty Trust Inc is a real estate finance company. The Company invests in a diversified portfolio of structured finance assets in the multi-family and commercial real estate markets. It also invest in real estate-related bridge and mezzanine loans.

iRadimed Missed Consensus Estimates, Reaffirms Above Estimates

Friday, July 31, 2026 at 8:15 AM

iRadimed (IRMD) reported earnings of $0.41 per share on revenue of $20.47 million for the second quarter ended June 2026. The consensus earnings estimate was $0.42 per share. The company missed consensus estimates by 2.38% while revenue grew 0.28% on a year-over-year basis.

The company said it expects third-quarter non-GAAP earnings of $0.54 to $0.59 per share on revenue of $23.0 million to $24.50 million. The current consensus earnings estimate is $0.54 per share on revenue of $23.7 million for the quarter ending September 30, 2026. The company also said it continues to expect 2026 non-GAAP earnings of $2.09 to $2.24 per share on revenue of $91.0 million to $96.0 million. The current consensus earnings estimate is $2.08 per share on revenue of $91.2 million for the year ending December 31, 2026.

iRadimed Corp develops, manufacture, market and distribute Magnetic Resonance Imaging compatible products to acute care facilities and outpatient imaging centers, both in the United States and internationally.