Since earnings season began on January 12th, 179 companies have reported their quarterly numbers. That's a small number, but we're still able to get an early read on the percentage of companies that are beating consensus earnings and revenue estimates. As shown below, the earnings beat rate (bottom line) this season currently stands at 60%, while the revenue beat rate (top line) stands at 60.1%. As you can see in the chart, compared to prior quarters over the past few years, the current earnings beat rate is somewhat mediocre, but the revenue beat rate is relatively strong. Investors like to see strong top line numbers because they're less easy for companies to fudge, so it's a positive sign that revenues have held up well so far this season.
As mentioned above, just 179 companies have reported so far this season. Next week alone more than 450 companies are set to report, so by next Friday, we'll really have a lot of data to get a good measure of this quarter's results.
Below is a list of the largest companies set to report their quarterly numbers next week. For each stock, we include its expected report date and time (AM or PM), its current consensus earnings estimate, and it historical earnings, revenue and guidance beat rates. We also include its average one-day change on its past report dates going back to 2001 using our Interactive Earnings Report Database that's available to Bespoke Institutional subscribers. Also, if you're simply looking for an earnings calendar that lists all of the companies set to report between now and the end of February, we provide one with our Bespoke Premium service.
Next week, we'll get big Technology sector reports from Microsoft (MSFT) on Monday, Apple (AAPL) on Tuesday, Facebook (FB) on Wednesday, and Alibaba (BABA), Google (GOOGL) and Amazon (AMZN) on Thursday. We'll also hear from UTX, 3M (MMM), Caterpillar (CAT), Amgen (AMGN), Boeing (BA), Biogen (BIIB), Visa (V), MasterCard (MA) and Chevron (CVX). Needless to say, it's a big week for earnings.