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Thursday
Jan102013

Key S&P 500 Earnings Reports Next Two Weeks

For those interested, below we provide a table showing the S&P 500 companies with the largest market caps set to report over the next two weeks.  For each stock, we also highlight its historical earnings and revenue beat rates (% of time company has beaten estimates) along with its average one-day price change on its report days.  For stocks that report in the morning, we use that day's change, and for stocks that report after the close, we use the next day's change.  These stats come from our Interactive Earnings Report Database, which is available to Bespoke Premium Plus members.

Things will be quiet on the earnings front next Monday and Tuesday, but on Wednesday we'll get reports from two key financial companies -- Goldman Sachs (GS) and JP Morgan (JPM).  eBay (EBAY) reports on Wednesday after the close.  On Thursday, we hear from Bank of America (BAC) and Citigroup (C) in the AM and then Intel (INTC) and American Express (AXP) in the PM.  General Electric (GE) and Morgan Stanley (MS) round out the week next Friday.

The major financials will be done reporting next week, which paves the way for a large number of tech giants to report the following week.  On Tuesday the 22nd following the MLK Jr. holiday on Monday, Texas Instruments (TXN), IBM and Google (GOOG) will all report after the close.  On Wednesday afternoon the 23rd, all eyes will be on Apple (AAPL).  We'll hear from 3M (MMM), Microsoft (MSFT), AT&T (T) and Starbucks (SBUX) on Thursday the 24th, and then ConocoPhillips (COP), Procter & Gamble (PG) and Honeywell (HON) will report on Friday the 25th.

Of the key stocks in the table below, UNH, JNJ, UTX and UNP are the only ones that have historically beaten earnings estimates more than 90% of the time.  eBay (EBAY) and Google (GOOG) have beaten revenue estimates the most often.  On the negative side, General Electric (GE) and McDonald's (MCD) have beaten earnings estimates the least often, while Capital One (COF), American Express (AXP), Citigroup (C), Bank of America (BAC) and ConocoPhillips (COP) have beaten revenue estimates the least.

In terms of price reaction on earnings report days, some of the big winners historically have been BlackRock (BLK), Google (GOOG), Apple (AAPL), United Tech (UTX), Celgene (CELG) and Halliburton (HAL).  Stocks that have historically struggled on their report days include Bank of America (BAC), Capital One (COF), Intel (INTC), General Electric (GE), Du Pont (DD) and Baxter (BAX).

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