Earnings Whispers: The Market's True Earnings Expectation

This Week's Confirmed Earnings

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Earnings Whisper® Score

Caputuring the Earnings Announcement Premium

The Earnings Whisper Score, from −5 to +5, measures the expectation setup ahead of a report. From Apr 2014 – Jul 2026, +5 Scores averaged +1.09% into earnings while −5 stocks averaged −0.27% — a 136-basis-point spread.

+1.09% +5 Score 11,096 events

+0.44% All others 118,736 events

+0.20% Neutral 17,543 events

−0.27% −5 Score 3,782 events

Average return, one week before the report through the open following the announcement.

Cumulative average return by Earnings Whisper Score, Apr 2014 – Jul 2026.

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Top Earnings News

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The recent, most closely watched, earnings results.

O'Reilly Automotive Missed Expectations

Wednesday, July 29, 2026 at 4:30 PM

O'Reilly Automotive (ORLY) reported earnings of $0.86 per share on revenue of $4.89 billion for the second quarter ended June 2026. The consensus earnings estimate was $0.85 per share on revenue of $4.85 billion. The Earnings Whisper number was $0.88 per share. The company missed expectations by 2.27% while revenue grew 8.11% on a year-over-year basis.

O'Reilly Automotive Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling its products to both do-it-yourself "DIY" and professional service provider customers.

Chipotle Mexican Grill Reported In-line with Expectations

Wednesday, July 29, 2026 at 4:10 PM

Chipotle Mexican Grill (CMG) reported earnings of $0.33 per share on revenue of $3.35 billion for the second quarter ended June 2026. The consensus earnings estimate was $0.32 per share on revenue of $3.32 billion. The Earnings Whisper number was $0.33 per share. The company reported in-line with expectations while revenue grew 9.31% on a year-over-year basis.

Chipotle Mexican Grill Inc operates Chipotle Mexican Grill restaurants, which serves a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads, made using fresh ingredients.

Fortinet Beat Expectations, Raises Guidance

Wednesday, July 29, 2026 at 4:05 PM

Fortinet (FTNT) reported earnings of $0.90 per share on revenue of $2.05 billion for the second quarter ended June 2026. The consensus earnings estimate was $0.75 per share on revenue of $1.88 billion. The Earnings Whisper number was $0.80 per share. The company beat expectations by 12.50% while revenue grew 25.64% on a year-over-year basis.

The company said it expects third quarter non-GAAP earnings of $0.83 to $0.87 per share on revenue of $2.01 billion to $2.10 billion. The current consensus earnings estimate is $0.77 per share on revenue of $1.94 billion for the quarter ending September 30, 2026. The company said it expects 2026 non-GAAP earnings of $3.41 to $3.47 per share on revenue of $8.02 billion to $8.18 billion. The company's previous guidance was earnings of $3.10 to $3.16 per share on revenue of $7.71 billion to $7.87 billion, and the current consensus earnings estimate is $3.12 per share on revenue of $7.80 billion for the year ending December 31, 2026.

Fortinet Inc is provider of network security solutions that are designed to address the fundamental problems of an increasingly bandwidth-intensive network environment and a more sophisticated information technology threat landscape.