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 21, 2026 are COST Costco Wholesale THO THOR Industries ABVX ABIVAX Société Anonyme BB BlackBerry CBRL Cracker Barrel Old Country Store

Monday Sep 21
Before the Open
After the Close
ABVX reporting after the close on Monday, September 21
Tuesday Sep 22
Before the Open
THO, AZO, MLKN reporting before the open on Tuesday, September 22
After the Close
KBH, WOR, AYTU reporting after the close on Tuesday, September 22
Wednesday Sep 23
Before the Open
CBRL, GIS, PAYX, CTAS reporting before the open on Wednesday, September 23
After the Close
SFIX, FUL, NEOV reporting after the close on Wednesday, September 23
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The Earnings Quarter

The Gap Gets the Headline. The Quarter Pays.

A company reports once every three months. Its stock spends the other eighty-nine days deciding what the report meant — and that path has a shape. Knowing whether a stock is still drifting on its last report, sitting in the quiet middle, or already running up into the next one tells you which questions matter now, and where the odds are quietly tilting.

53% Gap higher after reporting
+3.5% Average up gap previous close to open
−3.8% Average down gap previous close to open

The gap is the opening move. What happens over the following three months is a different question — and a more useful one.

A worked example, not an average: JPM across its own earnings quarters, indexed to its price two weeks before each report.
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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

COST Costco Wholesale is confirmed to report Thursday, September 24, after the close.

Costco's Margin Trade-Off Faces Its Next Test as Stock Slides Below Its 200-Day Average

Costco heads into its fiscal fourth-quarter report carrying one of the more interesting tensions in retail right now: sales momentum has been accelerating for four straight quarters, yet the stock has fallen 8.6 percent since the last print while the S&P 500 gained slightly. That divergence is the central puzzle investors need this report to resolve.

Wall Street expects EPS of $6.48 on revenue of $94.78 billion, representing roughly 10 percent growth on both lines. The Earnings Whisper number sits marginally higher at $6.54, suggesting the bar is not dramatically elevated but skews slightly optimistic. Costco does not issue formal guidance, so the real benchmark is the trajectory management laid out last quarter, when net sales growth hit 11.6 percent, the fastest of the past four quarters, powered by record-breaking gasoline volumes and comps ex-gas and FX holding near 6.6 percent. If that pace decelerates meaningfully from Q3 levels, it would be the first crack in an otherwise strengthening demand story.

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Top Earnings News

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The recent, most closely watched, earnings results.

Innate Pharma S.A. Reported Earnings

Thursday, September 17, 2026 at 1:00 AM
Innate Pharma S.A. (IPHA) reported a loss of $0.24 per share on for the second quarter ended June 2026. .

Innate Pharma S.A. is a commercial stage oncology-focused biotech company. It discovers and develops therapeutic antibodies for the treatment of cancer. The company's commercial-stage product includes Lumoxiti. Innate Pharma S.A. is based in Marseille, France.

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 -2.4% since the report




Trusted Earnings Research Since 1998

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.

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