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 16, 2026 are LEN Lennar LUXE LuxExperience KBH KB Home THO THOR Industries WOR Worthington Enterprises

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
Friday Sep 18
Before the Open
After the Close
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Post-Earnings Announcement Drift

They All Beat Consensus. One Group Still Fell.

In 1968, Ray Ball and Philip Brown found that stocks keep moving in the direction of an earnings surprise after the news is already public. Six decades later it still happens — but the reason it is hard to see is the yardstick. Measured against the published consensus, a beat is a beat. Measured against what investors actually expected, the same report can be a disappointment, and the stock spends the next week telling you so.

+0.6% Beat the Whisper and the estimate
−0.1% Beat the estimate missed the Whisper
−0.6% Missed the Whisper five-day drift

Average cumulative return from the post-announcement open through the fifth trading day. The earnings gap is excluded.

Open Day 5 Beat the Whisper Beat consensus, missed Whisper Missed the Whisper
Every company on the middle line beat the consensus estimate.
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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.

Ispire Technology Inc. Reported Earnings

Wednesday, September 16, 2026 at 7:00 AM
Ispire Technology Inc. (ISPR) reported a loss of $0.24 per share on revenue of $26.68 million for the fiscal fourth quarter ended June 2026. The consensus revenue estimate was revenue of $25.30 million. Revenue grew 32.50% on a year-over-year basis.

Ispire is engaged in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products.

LuxExperience B.V. Beat Expectations, Guides In-line

Wednesday, September 16, 2026 at 6:00 AM
LuxExperience B.V. (LUXE) reported a loss of $0.04 per share on revenue of $771.70 million for the fiscal fourth quarter ended June 2026. The consensus estimate was a loss of $0.11 per share on revenue of $727.39 million. The Earnings Whisper number was a loss of $0.14 per share. The company beat expectations by 71.43% while revenue grew 15.71% on a year-over-year basis.

The company said it expects fiscal 2027 revenue of $2.989 billion to $3.147 billion. The current consensus revenue estimate is $3.00 billion for the year ending June 30, 2027.

LuxExperience is the leading digital, multi-brand luxury group and the online shopping destination for luxury enthusiasts worldwide.

Trip.com Group Limited Beat Expectations

Tuesday, September 15, 2026 at 6:00 PM
Trip.com Group Limited (TCOM) reported earnings of $1.07 per share on revenue of $2.31 billion for the second quarter ended June 2026. The consensus earnings estimate was $0.98 per share on revenue of $2.29 billion. The Earnings Whisper number was $0.92 per share. The company beat expectations by 16.30% while revenue grew 20.84% on a year-over-year basis.

"Travel remains a fundamental consumer need, and we see significant long-term opportunities as travelers seek more personalized and rewarding experiences. Our strategic priorities remain clear: Globalization and Great Quality, or G2," said James Liang, Executive Chairman. "Building on this foundation, we are advancing our proprietary AI capabilities across every stage of the travel journey to accelerate G2 and unlock new opportunities for growth. We are building a more differentiated and valuable global platform for travelers and partners, positioning us for the next phase of sustainable growth."

Trip.com Group Limited is a leading one-stop travel platform globally, integrating a comprehensive suite of travel products and services and differentiated travel content.

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 1.7% since the report 2.1% above its post-earnings high




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