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 October 26, 2026 are CAJPY Canon MSFT Microsoft GOOGL Alphabet AMZN Amazon.com INTC Intel

Earnings Whisper Grade

Every Earnings Report, Graded

Every earnings report gets a grade, A+ to F, scoring the results against the market’s true expectations — not the consensus estimate. Across 121,902 reports from Dec 2002 – Aug 2026, the grades have kept their order: failing grades trail, C grades track the market, and A+ stocks averaged 37.4% annualized — more than 3 times the S&P 500.

37.4% A+ stocks 4,869 reports
11.3% S&P 500 same holding windows
+230.1% A+ over the market annualized
December 17, 2002 – August 6, 2026 Quarterly Returns by Earnings Whisper Grade 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% F: −0.3% average over 5,964 reports (47% finished higher) F D-: +0.9% average over 6,828 reports (50% finished higher) D- D: +1.5% average over 8,629 reports (52% finished higher) D D+: +1.6% average over 13,019 reports (54% finished higher) D+ C-: +2.1% average over 15,588 reports (56% finished higher) C- C: +2.2% average over 14,742 reports (56% finished higher) C C+: +2.8% average over 14,629 reports (57% finished higher) C+ B-: +3.2% average over 12,936 reports (57% finished higher) B- B: +4.0% average over 9,066 reports (58% finished higher) B B+: +4.7% average over 8,646 reports (59% finished higher) B+ A-: +5.6% average over 4,682 reports (59% finished higher) A- A: +7.7% average over 2,304 reports (59% finished higher) A A+: +8.3% average over 4,869 reports (62% finished higher) A+ The S&P 500 has averaged 2.7% per quarter A+ Earnings 37.4% Average Annualized Return 230.1% over the S&P 500 Buying at the open following an earnings release and holding until after its next earnings release.
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The Whisper Report®

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The Wrong Path

Monday, October 19, 2026
Fundamentals offer little evidence that the AI trade is over, but semiconductor price action tells a different story.
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Earnings Preview

CAJPY Canon is confirmed to report Tuesday, October 27, before the open.

Canon Tests Its Highs Into September-Quarter Results as Sentiment Turns Cautious

Canon heads into its September-quarter report with an unusual split between price and mood. The shares have climbed 7.7% since the company last reported, beating the S&P 500 by more than five percentage points, and now sit within a whisker of their post-earnings high. Yet sentiment among retail investors has soured, sliding to 28.3% bearish from 14.0% bearish ahead of the prior report. A stock that keeps rising while the crowd grows more skeptical raises the question this release must settle: is the rally resting on durable earnings power, or has it run ahead of the fundamentals?

The numbers set an undemanding hurdle on one measure and a tougher one on another. In the year-ago September quarter, Canon earned $0.48 per share on revenue of $7.49 billion. Last quarter it earned $0.89 per share on $7.41 billion in sales, nearly double the year-ago figure on slightly lower revenue. That gap is the heart of the setup. If Canon can deliver anything close to last quarter's profitability on a similar revenue base, the year-over-year comparison will look dramatic. But the more meaningful test is whether the margin structure behind that $0.89 holds, because the top line itself has not been growing. Revenue roughly flat against last year means earnings gains have to come from mix, pricing, cost discipline or currency rather than volume. No clear published consensus figure is available to anchor expectations, and management has not offered fresh quantitative guidance since the last report, so the market will judge the quarter largely against Canon's own recent run rate.

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Top Earnings News

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The recent, most closely watched, earnings results.

River City Bank Reported In-line with Estimates
Friday, October 23, 2026 at 4:05 PM
River City Bank (RCBC) reported earnings of $1.29 per share on revenue of $79.70 million for the third quarter ended September 2026. The consensus earnings estimate was $1.29 per share on revenue of $39.68 million. The company reported in-line with consensus estimates.

With more than five decades of operating history, River City Bank has built a reputation for relationship-focused service, disciplined growth, and specialized expertise across commercial banking, commercial real estate, clean energy, public sector banking, and other key industries.

Infosys Limited Missed Expectations, Lowers Guidance to be Closer to Estimates
Friday, October 23, 2026 at 8:34 AM
Infosys Limited (INFY) reported earnings of $0.20 per share on revenue of $5.15 billion for the fiscal second quarter ended September 2026. The consensus earnings estimate was $0.21 per share on revenue of $5.18 billion. The Earnings Whisper number was $0.21 per share. The company missed expectations by 4.76% while revenue grew 1.36% on a year-over-year basis.

The company said it expects fiscal 2027 revenue of $20.36 billion to $20.56 billion. The company's previous guidance was revenue of $20.46 billion to $20.76 billion, but the current consensus revenue estimate is $20.35 billion for the year ending March 31, 2027.

Infosys Ltd provides end-to-end business solutions, including consulting, design, development, software re-engineering, maintenance, systems integration, package evaluation and implementation and infrastructure management services.

Gentex Missed Expectations, Lowers Guidance
Friday, October 23, 2026 at 8:00 AM
Gentex (GNTX) reported earnings of $0.47 per share on revenue of $647.71 million for the third quarter ended September 2026. The consensus earnings estimate was $0.51 per share on revenue of $669.17 million. The Earnings Whisper number was $0.53 per share. The company missed expectations by 11.32% while revenue fell 1.15% compared to the same quarter a year ago.

The company said it now expects 2026 revenue of approximately $2.65 billion. The company's previous guidance was revenue of $2.65 billion to $2.75 billion. The current consensus revenue estimate is $2.67 billion for the year ending December 31, 2026. The company also said it continues to expect 2027 revenue of $2.8 billion to $2.9 billion. The current consensus revenue estimate is $2.8 billion for the year ending December 31, 2027.

Gentex Corp designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry.

The Drift

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Upcoming Earnings

Big Tech Headlines a Jam-Packed Earnings Week as Chips and Energy Jockey for the Spotlight

October 24, 2026
MSFT GOOGL AMZN INTC SOFI SNDK
Buckle up, because this is one of those weeks where the market barely has time to catch its breath. The giants of technology take center stage, with Microsoft, Alphabet, and Amazon all stepping up to the plate within days of each other. The mood heading into these reports is a mixed bag. Alphabet looks like it has the wind at its back, buoyed by rising expectations and a steady track record, while Microsoft and Amazon carry a touch more nervous energy despite their undeniable momentum. Options traders are bracing for some fireworks, especially from the richly valued names where even a small stumble can send shares tumbling. Keep an eye on the chip and storage crowd too, where Sandisk, Seagate, and Intel are generating real buzz. Intel in particular has quietly turned a corner, with analysts warming up and the stock entering the week on firmer footing than it has enjoyed in some time.
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Recent Positive Earnings

AMKBY 17.1% since the report 16.5% 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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