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

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The most anticipated earnings releases for the week beginning September 15, 2026 are FPS Forgent Power Solutions TCOM Trip.com LEN Lennar LUXE LuxExperience VRA Vera Bradley

Tuesday Sep 15
Before the Open
FPS, VRA reporting before the open on Tuesday, September 15
After the Close
TCOM, EPM reporting after the close on Tuesday, September 15
Wednesday Sep 16
Before the Open
LUXE, ISPR reporting before the open on Wednesday, September 16
After the Close
LEN reporting after the close on Wednesday, September 16
Thursday Sep 17
Before the Open
IPHA reporting before the open on Thursday, September 17
After the Close
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Earnings Expectation Life Cycle

Why a Falling Stock Keeps Falling

A stock does not go from cheap to expensive at random. It moves through four recurring phases, set by two things: which way earnings estimates are heading, and whether investors have noticed yet. Get the pair right and a falling stock that keeps falling looks entirely different from one that is about to turn.

Earnings Momentum Positive Surprise Negative Surprise Value Trap
Value Trap

Bearish sentiment, falling estimates. Looks inexpensive, keeps underperforming. Declined in 59% of quarters.

Positive Surprise

Estimates turn up while sentiment is still bearish. The inflection, and the best risk-reward in the cycle.

Earnings Momentum

Bullish sentiment, rising estimates. The established trend, and historically the strongest of the four.

Negative Surprise

Estimates roll over while sentiment stays bullish. Bernstein called it the Torpedo, and the decline is abrupt.

Worked through with Amedisys, Callon Petroleum, NVIDIA, and SolarEdge.

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The Whisper Report®

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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.
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Earnings Preview

LEN Lennar is confirmed to report Wednesday, September 16, after the close.

Lennar's Margin-Recovery Story Faces a Real Test as Revenue Guidance Looks Light

Lennar heads into its third-quarter report with a narrative in the balance. Three months ago, management framed the quarter as an inflection point, arguing that declining incentives and improving gross margins signaled the end of a painful three-year slide. Now the market gets to find out whether that story holds up against a housing backdrop that remains stubbornly difficult.

Consensus calls for earnings of $1.31 per share on revenue of $8.33 billion, which would represent a steep 34.5% decline in profit and a 5.5% drop in sales versus last year. The whisper number sits slightly below consensus at $1.28, suggesting the bar has not been set aggressively despite the sequential improvement management projected last quarter. More notably, Lennar's own guidance called for homebuilding revenue between $7.69 billion and $8.17 billion, meaning the Street's $8.33 billion revenue estimate sits above the top end of that range. That gap is worth watching closely, since it implies analysts are modeling a stronger quarter than the company itself guided to just months ago.

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Top Earnings News

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The recent, most closely watched, earnings results.

MindWalk Holdings Missed Consensus Estimates

Monday, September 14, 2026 at 4:56 PM
MindWalk Holdings (HYFT) reported a loss of $0.09 per share on revenue of $2.75 million for the . The consensus estimate was a loss of $0.05 per share on revenue of $3.25 million. The company missed consensus estimates by 80.00% while revenue grew 20.22% on a year-over-year basis.

MindWalk is a Bio-Native AI company transforming drug discovery and development.

Ocean Power Technologies Missed Consensus Estimates

Monday, September 14, 2026 at 4:18 PM
Ocean Power Technologies (OPTT) reported a loss of $1.88 per share on revenue of $1.70 million for the . The consensus earnings estimate was $0.03 per share on revenue of $1.47 million. The company missed consensus estimates by 6,366.67% while revenue grew 44.08% on a year-over-year basis.

Ocean Power Technologies is engaged in developing and seeking to commercialize proprietary systems that generate electricity by harnessing the renewable energy of ocean waves.

Dave & Buster's Missed Expectations

Monday, September 14, 2026 at 4:05 PM
Dave & Buster's (PLAY) reported a loss of $0.27 per share on revenue of $544.10 million for the . The consensus earnings estimate was $0.19 per share on revenue of $561.26 million. The Earnings Whisper number was $0.16 per share. The company missed expectations by 268.75% while revenue fell 2.39% compared to the same quarter a year ago.

“We are energized by the obvious, actionable, and enormous opportunities ahead for Dave & Buster’s and Main Event,” said Darin Harper, Chief Executive Officer. “Our Back-to-Basics strategy is gaining momentum with enhanced executional urgency. We are experiencing ongoing growth in food and beverage sales as well as in special events sales. The same store sales of our remodels continue to outperform the system. Further, we improved overall same store sales in July, and saw continued improvement in overall same store sales during the third quarter to date."

Dave & Buster' Entertainment Inc is an owner and operator of high-volume venues that combine dining and entertainment in North America for both adults and families.

The Drift

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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.
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Recent Positive Earnings

HIPO 1.0% since the report 1.4% above its post-earnings high




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