Earnings season kicks into full gear this week, and below we highlight a table of the largest companies set to release their quarterly numbers during the week of 10/14-10/18. In the table, we've extracted data from our Interactive Earnings Report Database to show how often each company has beaten earnings and revenue estimates in the past and how the stock typically trades on the day it reports earnings.
On Monday there are no key reports, but Tuesday morning brings results from Johnson & Johnson (NYSE:JNJ), Coca-Cola (NYSE:KO) and Citigroup (NYSE:C). Intel (NASDAQ:INTC) and Yahoo! (YHOO) will be the first big Tech names to release numbers this season with results due out Tuesday after the close.
Wednesday and Thursday will be the busiest earnings days this week. On Wednesday morning we hear from Bank of America (NYSE:BAC), and then after the close comes IBM, American Express (NYSE:AXP) and eBay (NASDAQ:EBAY). Thursday morning we hear from Verizon (NYSE:VZ), Goldman Sachs (NYSE:GS) and UnitedHealth (NYSE:UNH), and Tech behemoth Google (NASDAQ:GOOG) releases numbers Thursday afternoon. General Electric (NYSE:GE), Honeywell (NYSE:HON), Schlumberger (NYSE:SLB), Morgan Stanley (NYSE:MS) and Baker Hughes (BHI) wrap up the week with earnings on Friday morning.
Of the key companies reporting next week, JNJ, UNH, GS and UNP have the highest earnings beat rates over the last ten years. ASML, EBAY, DHR and GOOG have the highest revenue beat rates.
In terms of price reaction to earnings, CSX, BLK, UNP, BK, PPG and GOOG have historically averaged the best returns on their report days. Each of them have averaged a gain of more than 1% on their report days over the last ten years. (For companies that report before the open, we use that day's change. For companies that report after the close, we use the next day's change.)
Citigroup (C), Intel (INTC), Bank of America (BAC), Baxter (NYSE:BAX), Capital One (NYSE:COF), General Electric (GE) and Baker Hughes (BHI) are all companies that have historically averaged a decline on their earnings report days.