The Market's True Earnings Expectations

Go beyond the consensus and become a better stock picker with Earnings Whisper numbers, investor sentiment, and proprietary research and tools to help you capture the Post-Earnings Announcement Drift (PEAD) and outperform the overall stock market. Plus, get the most accurate earnings dates, earnings news, and insights into how stocks react before and after earnings.



Most Anticipated Earnings Releases TM

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The most anticipated earnings releases for the week beginning November 11, 2026 are NVDA NVIDIA NBIS Nebius XPEV XPeng NU Nu CBRS Cerebras Systems

The Earnings Whisper® Number

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The market's true earnings expectation — and why beating the consensus estimate isn't enough.

Meme: the market reacts to the whisper number, not the published estimate.

Analysts update their models constantly, but they rarely publish every revision. The Earnings Whisper® number captures what they actually expect — and across two decades and more than 145,000 published numbers, it has landed closer to actual reported earnings than the published consensus 69.7% of the time. Consequently, there is no statistical benefit to beating the consensus estimate.

Beat the Whisper and the estimate +1.9% Beat the Estimate but missed the Whisper −0.7%
Average day-of move, since February 1999.

Companies that beat the Whisper closed higher by an average of 1.9%. Those that cleared the published estimate but fell short of the Whisper closed lower 55.1% of the time. There is no statistical benefit to beating the consensus estimate — only the Whisper.

The Whisper Report®

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A Dead Cat?

Monday, November 9, 2026
The easy downside trade may be over, but with technology still broken and corporate momentum softening, any bounce should be treated as countertrend until the market proves otherwise.
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Earnings Preview

NVDA NVIDIA is confirmed to report Tuesday, November 17, after the close.

NVIDIA's Vera Rubin Ramp Meets a Margin Reset as Shares Slide Toward Range Lows

NVIDIA heads into its fiscal third-quarter report with a business that keeps getting bigger and a stock that keeps getting cheaper. Three months ago, management delivered its most confident call yet. It guided revenue sharply higher, introduced an explicit framework of roughly 70% growth for fiscal 2028, and said demand was accelerating even at the company's enormous scale. The market has since marked the shares down nearly 20%, trailing the S&P 500 by about 18 percentage points. The reason is the one blemish on that call: the first reset of gross-margin expectations in more than a year, driven by memory costs that rose faster than NVIDIA anticipated. This report, due after the close on November 17, will show whether investors overreacted to that margin story or correctly sensed that the cost of growth is rising.

Wall Street expects earnings of $2.49 per share on revenue of about $109 billion. That would be a 91% revenue increase from the $57 billion reported a year ago, with earnings nearly doubling from $1.30. The revenue estimate sits just above the $108 billion midpoint of management's $105.8 billion to $110.2 billion range. The profit estimate is more demanding. At $2.49, consensus is already above the top of NVIDIA's $2.32 to $2.47 earnings guidance, and the Earnings Whisper of $2.60 sets an even higher bar. In short, the Street is not just expecting NVIDIA to hit its plan. It expects the company to beat its own profit guidance comfortably, even as margins are supposed to be compressing.

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Top Earnings News

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The recent, most closely watched, earnings results.

Corteva Missed Expectations, Lowers Guidance

Wednesday, November 11, 2026 at 4:30 PM
Corteva (CTVA) reported a loss of $0.79 per share on revenue of $2.46 billion for the third quarter ended September 2026. The consensus earnings estimate was $0.09 per share on revenue of $1.77 billion. The Earnings Whisper number was $0.12 per share. The company missed expectations by 758.33% while revenue fell 6.11% compared to the same quarter a year ago.

The company said it now expects 2026 non-GAAP earnings of $0.76 to $0.80 per share. The company's previous guidance was non-GAAP earnings of $3.60 to $3.80 per share. The current consensus earnings estimate is $1.05 per share for the year ending December 31, 2026.

Corteva, Inc. is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges.

Digi International Missed Expectations, Guides In-line

Wednesday, November 11, 2026 at 4:07 PM
Digi International (DGII) reported earnings of $0.78 per share on revenue of $143.32 million for the fiscal fourth quarter ended September 2026. The consensus earnings estimate was $0.76 per share on revenue of $140.43 million. The Earnings Whisper number was $0.80 per share. The company missed expectations by 2.50% while revenue grew 25.35% on a year-over-year basis.

The company said it expects first quarter revenue of $140.0 million to $144.0 million. The current consensus revenue estimate is $141.8 million for the quarter ending December 31, 2026.

Digi International Inc is a provider of machine-to-machine networking hardware and solutions that enables the connection, monitoring and control of local or remote physical assets by electronic means.

RUM Group Missed Consensus Estimates, Guides In-line

Wednesday, November 11, 2026 at 7:30 AM
RUM Group (RUM) reported a loss of $0.19 per share on revenue of $96.58 million for the third quarter ended September 2026. The consensus estimate was a loss of $0.15 per share on revenue of $89.21 million. The company missed consensus estimates by 26.67% while revenue grew 290.03% on a year-over-year basis.

The company said it expects fourth quarter revenue of $88.0 million to $94.0 million. The current consensus revenue estimate is $92.6 million for the quarter ending December 31, 2026.

Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture.

The Drift

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Upcoming Earnings

Big Tech and the Power Grid Steal the Spotlight as Earnings Season Heats Up

November 7, 2026
NU NBIS RKLB CRWV TTWO ASTS
This is one of those weeks where the market's biggest obsessions all step up to the microphone at once. The old guard of technology is leading the charge, and the mood here is cautiously upbeat. Cisco, Applied Materials, and chip-tool maker Onto Innovation all head into their reports with the wind at their backs, riding business trends that have been quietly improving quarter after quarter. Keep an eye on the energy-and-power complex too, where Constellation Energy and NRG Energy have become the unlikely darlings of the artificial intelligence boom, since all those data centers need somewhere to plug in. On the flip side, a cluster of the market's flashiest storylines looks shakier than the headlines suggest. CoreWeave and Nebius, the darlings of the AI infrastructure gold rush, are walking in with investors feeling distinctly nervous, and the crowd of speculative names from quantum computing outfits to space and rocket companies carries a similar cloud of doubt. When expectations run this hot, even a solid report can leave traders disappointed.
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Recent Positive Earnings

U 4.7% since the report 3.2% above its post-earnings high




Trusted Earnings Research Since 1998

For more than 25 years, investors and financial professionals have used Earnings Whispers to look beyond consensus estimates and better understand the expectations driving stock prices around earnings.

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