This Week's Confirmed Earnings

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The Earnings Whisper® Number

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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 69.8% of the time. Consequently, there is no statistical benefit to beating the consensus estimate.

Beat the Whisper and the estimate +1.9% Beat the Estimate but missed the Whisper −0.7%
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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Earnings vs Jobs

Monday, August 10, 2026
The jobs numbers disappointed once again, but the market doesn’t seem to be buying it.
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Top Earnings News

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The recent, most closely watched, earnings results.

Melco Resorts & Entertainment Limited Missed Expectations

Thursday, August 13, 2026 at 8:01 AM
Melco Resorts & Entertainment Limited (MLCO) reported earnings of $0.06 per share on revenue of $1.25 billion for the second quarter ended June 2026. The consensus earnings estimate was $0.06 per share on revenue of $1.29 billion. The Earnings Whisper number was $0.07 per share. The company missed expectations by 14.29% while revenue fell 5.72% compared to the same quarter a year ago.

Melco Resorts & Entertainment Ltd is a developer, owner and operator of casino gaming and entertainment casino resort facilities primarily in Asia. Melco Resorts & Entertainment Ltd, formerly known as Melco Crown Entertainment Limited, is based in Hong Kong.

Ondas Missed Expectations, Raises Guidance to be In-line with Estimates

Thursday, August 13, 2026 at 8:00 AM
Ondas (ONDS) reported a loss of $0.19 per share on revenue of $83.77 million for the second quarter ended June 2026. The consensus estimate was a loss of $0.07 per share on revenue of $66.68 million. The Earnings Whisper number was a loss of $0.06 per share. The company missed expectations by 216.67% while revenue grew 1,235.44% on a year-over-year basis.

The company said it expects third quarter revenue of $140.0 million to $155.0 million and 2026 revenue of $525.0 million to $550.0 million. The company's previous guidance was for 2026 revenue of at least $390.0 million. The current consensus revenue estimate is $156.81 million for the quarter ending September 30, 2026 and revenue of $525.68 million for the year ending December 31, 2026.

Ondas Holdings Inc., through its wholly owned subsidiary, Ondas Networks Inc., is a developer of proprietary, software-based wireless broadband technology for large established and emerging industrial markets. The Company’s standards-based, multi-patented, software-defined radio FullMAX platform enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of today’s legacy private licensed wireless networks. Ondas Networks’ customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications. These markets require reliable, secure broadband communications over large and diverse geographical areas, many of which are within challenging radio frequency environments. Customers use the Company's FullMAX technology to deploy their own private licensed broadband wireless networks. The Company also offers mission-critical entities the option of a managed network service. Ondas Networks’ FullMAX technology supports IEEE 802.16s, the new worldwide standard for private licensed wide area industrial networks.

Intuitive Machines, Inc. Missed Expectations, Reaffirms

Thursday, August 13, 2026 at 7:30 AM
Intuitive Machines, Inc. (LUNR) reported a loss of $0.16 per share on revenue of $206.17 million for the second quarter ended June 2026. The consensus estimate was a loss of $0.07 per share on revenue of $219.31 million. The Earnings Whisper number was a loss of $0.09 per share. The company missed expectations by 77.78% while revenue grew 309.77% on a year-over-year basis.

The company said it continues to expect 2026 revenue of $900.0 million to $1.00 billion. The current consensus revenue estimate is $921.1 million for the year ending December 31, 2026.

Intuitive Machines is a diversified space company focused on space exploration.

The Drift

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Upcoming Earnings

The Most Anticipated Earnings Releases for the Week of August 8, 2026

August 8, 2026
NBIS RKLB SMCI ASTS CRWV LITE
This week is shaping up to be a battle between the confident and the cautious, and technology is where most of the fireworks will fly. Chip and networking heavyweights like Applied Materials, Cisco and Cardinal Health are strolling into their reports with the swagger of a team on a winning streak, riding real momentum from strong quarters and upbeat expectations. On the flip side, some of the market's favorite lottery tickets are giving off nervous energy. Names like CoreWeave, Nebius and Supermicro have investors bracing for turbulence, with the AI infrastructure crowd in particular looking wobbly beneath the hype. Rocket Lab, AST SpaceMobile and the rest of the space brigade remain the ultimate popcorn stocks, capable of doubling your excitement or halving your account before lunch. Watch Supermicro closely, because the mood there feels sour even as the numbers are supposed to look fine, and that kind of disconnect is exactly where surprises live.
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Recent Positive Earnings

HIPO 2.8% since the report 3.2% above its post-earnings high