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 October 13, 2026 are UNH UnitedHealth JPM JPMorgan Chase & ASML ASML GS The Goldman Sachs WFC Wells Fargo &

Earnings Whisper® Score

Not All Earnings Are Equal

The Earnings Whisper Score, from −5 to +5, measures the expectation setup ahead of a report. From Apr 2014 – Sep 2026, +5 Scores averaged +1.08% into earnings while −5 stocks averaged −0.26% — a 134-basis-point spread.

+1.08% +5 Score 11,383 events
+0.47% All others 122,019 events
+0.26% Neutral 18,058 events
−0.26% −5 Score 3,785 events

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

−0.40% −0.20% 0.00% +0.20% +0.40% +0.60% +0.80% +1.00% +1.20% 1st Day 2nd Day 3rd Day 4th Day Gap +5 Scores All Others Neutral Scores −5 Scores
Cumulative average return by Earnings Whisper Score, Apr 2014 – Sep 2026.
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The Whisper Report®

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Credit Meets Earnings

Monday, October 12, 2026
Macro data is positive, guidance and estimates are rising, early earnings results have been strong, and the yield curve is holding steady. The question is whether the banks confirm that borrowers are still healthy.
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Earnings Preview

ASML ASML is confirmed to report Wednesday, October 14, before the open.

ASML Faces a Supply Test After Two Guidance Raises Lifted the Bar for Q3

ASML spent the past two quarters raising expectations, and the stock has barely moved on the news. That mismatch frames the October 14 report. Management lifted its full-year revenue outlook twice in a row, pushed its gross-margin target up by three percentage points, and said demand is no longer the binding constraint. Supply is. The third quarter is the first real test of whether ASML can convert that order strength into shipments as fast as its guidance implies.

Wall Street expects earnings of $12.47 a share on revenue of about $13.18 billion. That would mean EPS growth of roughly 95% and revenue growth of 50% from a year ago, a sharp acceleration even by the standards of a semiconductor upcycle. The revenue estimate sits in the upper half of management's $12.56 billion to $13.70 billion range, just above the midpoint. Analysts are taking the company's word, with a little extra on top. The Earnings Whisper of $13.23 is about 6% above consensus, which signals that the informal bar is set well above the published estimate. Meeting the official number may not be enough.

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Top Earnings News

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The recent, most closely watched, earnings results.

AZZ Beat Expectations, Raises Guidance In-line with Estimates

Tuesday, October 13, 2026 at 4:15 PM
AZZ (AZZ) reported earnings of $2.00 per share on revenue of $486.89 million for the fiscal second quarter ended August 2026. The consensus earnings estimate was $1.82 per share on revenue of $461.79 million. The Earnings Whisper number was $1.90 per share. The company beat expectations by 5.26% while revenue grew 16.68% on a year-over-year basis.

The company said it now expects fiscal 2027 non-GAAP earnings of $7.00 to $7.30 per share on revenue of $1.825 billion to $1.875 billion. The company's previous guidance was non-GAAP earnings of $6.75 to $7.15 per share on revenue of $1.800 billion to $1.850 billion. The current consensus earnings estimate is $7.06 per share on revenue of $1.820 billion for the year ending February 28, 2027.

AZZ Inc is an specialty electrical equipment manufacturer and provides engineered services to the global power generation, industrial, transmission and distribution markets. It also provides galvanizing services.

Citigroup Beat Expectations, Raises NII Guidance

Tuesday, October 13, 2026 at 8:00 AM
Citigroup (C) reported earnings of $2.85 per share on revenue of $45.63 billion for the third quarter ended September 2026. The consensus earnings estimate was $2.66 per share on revenue of $23.66 billion. The Earnings Whisper number was $2.84 per share. The company beat expectations by 0.35% while revenue grew 4.08% on a year-over-year basis.

The company said in its earnings presentation it now expects 2026 NII, ex-Markets, of $90.76 billion to $91.10 billion. The company previously guided NII, ex-Markets, to $89.48 billion to $90.33 billion. The current consensus revenue estimate is $95.51 billion for the year ending December 31, 2026.

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States.

Albertsons Companies Reported In-line with Expectations, Albertsons Withdraws Guidance

Tuesday, October 13, 2026 at 7:30 AM
Albertsons Companies (ACI) reported earnings of $0.34 per share on revenue of $18.89 billion for the fiscal second quarter ended August 2026. The consensus earnings estimate was $0.31 per share on revenue of $18.83 billion. The Earnings Whisper number was $0.34 per share. The company reported in-line with expectations while revenue fell 0.11% compared to the same quarter a year ago.

The company is withdrawing its previous guidance for fiscal year non-GAAP earnings of $1.75 to $1.85 per share on revenue of $81.93 billion to $82.76 billion. The current consensus earnings estimate is $1.79 per share on revenue of $81.73 billion for the year ending February 28, 2027.

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale.

The Drift

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Upcoming Earnings

Big Banks Take Center Stage as Earnings Season Kicks Into High Gear

October 10, 2026
UNH JPM GS ASML TSM WFC
Buckle up, because this is the week Wall Street has been circling on its calendar. The nation's banking giants are about to throw open their books, and this crowd always sets the tone for everything that follows. JPMorgan and Citigroup are strolling in with a swagger, riding real optimism and a tailwind from solid results last time around. Citigroup in particular has the whisper crowd leaning bullish, hoping management keeps the good news flowing. Not everyone is bringing the same energy, though. Goldman Sachs is walking into the room under a cloud, with the mood decidedly sour and analysts quietly bracing for a stumble. Wells Fargo, Bank of America and the regional players round out a packed financials lineup, and when this many banks report in a single stretch, even small surprises can send ripples across the whole market.
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Recent Positive Earnings

XMTR 21.1% since the report 1.8% above its post-earnings high




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