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Friday
Oct122012

Key Earnings Reports Next Week

While earnings season started this week, key reports were few and far between.  Next week, though, we'll start to get numbers from big-name companies.  Still, as shown in the chart below, the bulk of reports don't come until late October and early November.

Below is a list of the 40 largest S&P 500 stocks set to report earnings next week.  For each stock, we include a few of the earnings data points included in our Interactive Earnings Season Calendar that is available to Bespoke Premium members.  The EPS Beat Rate is the percentage of the time the stock has beaten earnings estimates over the last ten years.  The Revenue Beat Rate is the percentage of the time the stock has beaten sales estimates, and the Average 1-Day Change is the average percentage change the stock has experienced on its report days.  (For stocks that report after the close, we use the next day's change.)

Citigroup (C) is the only big company reporting on Monday, while on Tuesday we get reports from Goldman (GS), Coca-Cola (KO), Intel (INTC) and IBM.  The main companies to watch on Wednesday are Bank of America (BAC), Halliburton (HAL) and American Express (AXP).  Thursday morning we hear from Morgan Stanley (MS) and Verizon (VZ), and two big tech stocks -- Google (GOOG) and Microsoft (MSFT) -- report on Thursday after the close.  General Electric (GE) and McDonald's (MCD) close out the week with reports on Friday.

Of the companies on the list below, Intuitive Surgical (ISRG) and Alexion Pharma (ALXN) have the highest earnings beat rates and the best average one-day change on their report days.  A handful of the stocks have historically averaged declines on their report days.  These include Citigroup (C), State Street (STT), Intel (INTC), Bank of America (BAC), Bank of New York (BK), Baxter (BAX), Capital One (COF), Microsoft (MSFT), General Electric (GE), Baker Hughes (BHI) and McDonald's (MCD).

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