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−1.50%−1.00%−0.50%0.00%0.50%1.00%1.50%2.00%102030405060708080: 2.1%10: -1.9%Weekly Returns by Power RatingDecember 17, 2002 - July 17, 2025Buying at the open following an earnings release and selling one week later.

Real Surprises

There is no statistical advantage to buying based on beating consensus estimates - but there is power in the sentiment

The Earnings Whisper Power Rating is a comprehensive tool that reflects the magnitude of an earnings surprise relative to investor expectations, compressed into a single number to give traders an unparalleled edge in their short-term trades lasting up to a week. Stocks of companies that beat or miss consensus estimates have no directional bias in the short-term ... but the Power Rating dramatically changes that!

From December 17, 2002 until July 17, 2025, we have measured the power of 179,924 earnings releases. If you had randomly bought any of them at the open after their earnings release and held for one week, you would have averaged -0.0%. During the same period, there were 11,188 that measured a Power Rating of less than 30 and they averaged a decline of 1.6% for the week. On the other hand, there were 13,435 with a Power Rating of 70 or higher, and they averaged a 1.5% weekly gain.

The Whisper Report ®
All About Guidance
Monday, July 21, 2025
JulAugSepOctNovDecJanFebMarAprMayJunJul$140$150$160$170$180$190$200GOOGLAlphabet Inc.Price by VolumeEarnings AVWAP
Earnings guidance is the primary story to start earnings season, and is potentially telling us more about the cycle than just upcoming earnings.
Earnings
Top Earnings News
Verizon Communications Beat Expectations
Monday, July 21, 2025, 6:55 AM ET
JulAugSepOctNovDecJanFebMarAprMayJunJul$38$40$42$44$46VZVerizon CommunicationsPrice by VolumeEarnings AVWAP
Verizon Communications (VZ) reported earnings of $1.22 per share on revenue of $34.50 billion for the second quarter ended June 2025. The consensus earnings estimate was $1.18 per share on revenue of $33.54 billion. The Earnings Whisper number was $1.20 per share. The company beat expectations by 1.67%.
Earnings Sentiment
Sentiment of the earnings releases with the most interest among investors.
Size = interest, Color = sentiment
Recent Positive Earnings
e.l.f. Beauty Beat Expectations
Wednesday, May 28, 2025, 4:05 PM ET
JulAugSepOctNovDecJanFebMarAprMayJunJul$50$100$150$200ELFe.l.f. Beauty, Inc.Price by VolumeEarnings AVWAP
e.l.f. Beauty (ELF) reported earnings of $0.76 per share on revenue of $332.65 million for the fiscal fourth quarter ended March 2025. The consensus earnings estimate was $0.72 per share on revenue of $326.37 million. The Earnings Whisper number was $0.75 per share. The company beat expectations by 1.33% while revenue grew 3.58% on a year-over-year basis.
Expected Positive Earnings
Microsoft is Expected to Beat Estimates
Wednesday, July 30, 2025, 0:00 AM ET
JulAugSepOctNovDecJanFebMarAprMayJunJul$350$400$450$500MSFTMicrosoft Corp.Price by VolumeEarnings AVWAP
Microsoft (MSFT) is confirmed to report earnings on Wednesday, July 30, 2025 at approximately 4:05 PM ET. The consensus earnings estimate is $3.35 per share on revenue of $73.71 billion, respresenting 13.9% year-over-year revenue growth, and the Earnings Whisper ® number is $3.51 per share. Investors are 8.0% bullish going into the company's earnings release. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 4.2% move in recent quarters.
Earnings Discussions
The Most Anticipated Earnings Releases for the Week of July 21, 2025
Monday, July 21, 2025
JulAugSepOctNovDecJanFebMarAprMayJunJul$200$250$300$350$400$450TSLATesla, Inc.Price by VolumeEarnings AVWAP
The most anticipated earnings releases for the week of July 21, 2025 are Tesla #TSLA, Alphabet #GOOGL, Verizon Communications #VZ, Intel #INTC, Intuitive Surgical #ISRG, SAP #SAP, ServiceNow #NOW, NXP Semiconductors #NXPI, Enphase Energy #ENPH, and IBM #IBM.