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The S&P 500 has averaged 2.6% per quarter−1%0%1%2%3%4%5%6%7%8%9%FD-DD+C-CC+B-BB+A-AA+A+ Earnings41.7%Average Annualized Return292.3%over the S&P 500Quarterly Returns by Earnings Whisper GradeDecember 17, 2002 - May 23, 2025Buying at the open following an earnings release and holding until after its next earnings release.

Your Edge

It is the simplest way to have an investing edge to outperforming the market.

Measuring the quality of earnings relative to investor expectations creates a superior measure of the Post-earnings Announcement Drift (PEAD) and, quite simply, those companies with favorable earnings and low expectations consistently outperform the market. ... and those with high expectations and weaker results don't.

The Whisper Report ®
Still About Guidance
Monday, July 28, 2025
JulAugSepOctNovDecJanFebMarAprMayJunJul$60$80$100$120$140VRTVertiv Holdings CoPrice by VolumeEarnings AVWAP
Earnings guidance remains the story this earnings season, but seasonality becomes less favorable just as the payroll data hits on Friday.
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Earnings
Top Earnings News
UnitedHealth Group Missed Expectations
Tuesday, July 29, 2025, 5:55 AM ET
JulAugSepOctNovDecJanFebMarAprMayJunJul$300$400$500$600UNHUnitedHealth Group, Inc.Price by VolumeEarnings AVWAP
UnitedHealth Group (UNH) reported earnings of $4.08 per share on revenue of $111.62 billion for the second quarter ended June 2025. The consensus earnings estimate was $4.84 per share on revenue of $111.60 billion. The Earnings Whisper number was $4.45 per share. The company missed expectations by 8.31%.
Earnings Sentiment
Sentiment of the earnings releases with the most interest among investors.
Size = interest, Color = sentiment
Recent Positive Earnings
Boston Beer Company Beat Expectations
Thursday, July 24, 2025, 4:15 PM ET
JulAugSepOctNovDecJanFebMarAprMayJunJul$200$220$240$260$280$300$320SAMBoston Beer Company Inc.Price by VolumeEarnings AVWAP
Boston Beer Company (SAM) reported earnings of $5.45 per share on revenue of $625.43 million for the second quarter ended June 2025. The consensus earnings estimate was $4.37 per share on revenue of $598.55 million. The Earnings Whisper number was $4.25 per share. The company beat expectations by 28.24% while revenue grew 1.82% on a year-over-year basis.
Expected Positive Earnings
DraftKings is Expected to Beat Estimates
Wednesday, August 6, 2025, 0:00 AM ET
JulAugSepOctNovDecJanFebMarAprMayJunJul$30$35$40$45$50DKNGDraftKings Inc.Price by VolumeEarnings AVWAP
DraftKings (DKNG) is confirmed to report earnings on Wednesday, August 6, 2025 at approximately 4:15 PM ET. The consensus earnings estimate is $0.39 per share on revenue of $1.42 billion, respresenting 28.6% year-over-year revenue growth, and the Earnings Whisper ® number is $0.44 per share. Investors are 9.9% bullish going into the company's earnings release. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 5.6% move in recent quarters.
Earnings Discussions
The Most Anticipated Earnings Releases for the Week of July 28, 2025
Monday, July 28, 2025
JulAugSepOctNovDecJanFebMarAprMayJunJul$300$400$500$600UNHUnitedHealth Group, Inc.Price by VolumeEarnings AVWAP
The most anticipated earnings releases for the week of July 28, 2025 are UnitedHealth Group #UNH, Apple #AAPL, Meta Platforms #META, Microsoft #MSFT, Amazon #AMZN, SoFi #SOFI, Robinhood Markets #HOOD, PayPal #PYPL, Strategy #MSTR, and Boeing #BA.