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Since 1998, WhisperNumber.com has been the leader in social media analytics ('crowd sourced estimates') for earnings. Receive email alerts on those companies most likely to move higher or lower when they beat or miss the whisper number. These are the Whisper Reactors.... More
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  • Post Earnings Reactions: CME Group and Exxon Trading Lower After Falling Short of Whisper Numbers 0 comments
    Oct 28, 2010 5:19 PM | about stocks: XOM, CME
    CME Group dropped 2% today after reporting earnings that meet the analysts estimates but fall short of the whisper number, while Exxon Mobil remains flat after topping the analysts estimates but comes up short of the whisper number.

    CME Group (NASDAQ:CME) closed down 2% today at $289.40 after reporting earnings that were in-line with analyst estimates.  Revenue for the company rose 36.2% year over year and that topped the estimates.  The stock’s weakness today seems to reflect a reaction to the company falling five cents short of the $3.71 whisper number.  Whisper numbers are considered the true market expectations (collected from investors) for corporate earnings.

    We reported today (before market open) that CME Group would see a negative price reaction as it is a company that consistently reacts as one would expect to beating or missing the whisper number. (Companies that exceed the whisper number are 'rewarded', while companies that miss are 'punished' following an earnings report.)   On average in the past four years, CME Group has seen an average price decrease of 2.8% within five trading days of reporting earnings.  The stock has been on a strong positive run since late August, but our data indicates weakness will win out short term.

    Another classic whisper reactor reporting today was Exxon Mobil (NYSE:XOM).  Exxon  is down less than 1% today to 66.22 after reporting it's third quarter income jumped 55%, and earnings topped analysts estimates by four cents.  Exxon, however, fell short of the whisper number of $1.45.  We reported today that Exxon would see a negative price reaction because of this miss.  The company has seen an average price decrease of 2.7% within five trading days of reporting earnings.  The stock has been on a strong positive run since early July, but our data indicates weakness will win out short term.

    The whisper number is derived from an average of individual investors, floor traders, investment advisors, and market strategists expectations regarding earnings for the most recent quarter.  Companies that exceed both the whisper number (from WhisperNumber.com) and the analysts estimate see a 2.5 times greater positive post earnings price move than companies that only exceed the analysts estimate but miss the whisper.


    To learn more about the Whisper Reactors service, please visit http://www.whispernumber.com/signIn_wr.jsp.


    Data is provided for informational purposes only, and is not a recommendation to buy, sell, or hold any security, or that any investment strategy discussed is suitable for all investors. There is a very high degree of risk involved in the purchase and sale of securities and WhisperNumber.com and all individuals affiliated with Market Sentiment LLC assume no responsibilities for the trading and investment results of subscribers.  Past results are not indicative of future returns. WhisperNumber.com and Market Sentiment LLC employees make no representations or guarantees, do not hold positions in any companies listed, and are not licensed brokers, analysts, or registered investment advisors.  Data presented is based on sentiment research and analysis. http://www.whispernumber.com

    Disclosure: No positions
    Stocks: XOM, CME
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