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This newsletter, The Earnings Edge, is your new go-to for fast, sharp insights on who’s crushing it this earnings season—and who’s flopping. But if this isn’t your thing, no worries. Just click the unsubscribe link at the bottom and you’ll be removed from this new series (you’ll still get your regular updates from us).
Important earnings results are out, and the market is reacting fast. In this newsletter, we’ve got you covered with the top beats, the biggest misses, and a rundown of today’s pre-hours reports. Let’s see which stocks are making waves—and which are leaving investors disappointed. These early announcements will shape today’s trading session.
Major Earnings Before Opening Bell
Here are some key companies releasing earnings before the market opens on Wednesday.
Wipro Ltd. ADR (WIT)
EPS Estimate: $0.04, representing a 33.33% increase from last year.
Revenue Forecast: $226B vs. $222.08B reported a year ago.
Earnings Reaction History: In its last 6 reports, the stock has shown a balanced mix of positive and negative post-earnings sessions. The stock averaged a post-earnings swing of 0.34%.
U.S. Bancorp (USB)
EPS Estimate: $0.98, up 25.64% compared to last year.
Revenue Forecast: $6.91B, up from $6.68B a year earlier.
Earnings Reaction History: In the last 6 reports, USB stock drop 4 times, with a notable -1.88% plunge in July 2024. On average, earnings swings were around -0.57%.
First Horizon Corporation (FHN)
EPS Estimate: $0.4, showing a 14.29% year-over-year increase.
Revenue Forecast: $821.85M, down compared to last year’s $823M.
Earnings Reaction History: Of the past 6 earnings releases, FHN rose in 4 of them, with a standout 1.15% jump in January 2024. Post-earnings volatility averaged 0.24%.
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Upcoming Earnings Reports
Below is a list of notable companies reporting earnings today.
Ticker | EPS | Revenue | ST Score |
|---|---|---|---|
CSX | $0.37 | $3.45B | 43.0 |
KMI | $0.36 | $4.03B | 51.0 |
AA | $1.37 | $3.46B | 37.0 |
ABT | $1.07 | $10.42B | 51.0 |
PGR | $4.78 | $21.73B | 52.0 |
Tuesday's Top Beats
Here are the top earnings beats from recent reports:
Banzai International Inc (BNZI)
EPS: -$0.07, reflecting a positive earnings surprise of 39.13%.
Revenue: $1.3M, missing estimates by -20.25%.
Market Reaction: BNZI stock price rose by 0.82% following the report.
United Airlines Holdings Inc (UAL)
EPS: $0.91, exceeding expectations by 22.95%.
Revenue: $13.21B, mediocre estimates by -0.15%.
Market Reaction: UAL stock price increased by 6.13% after the announcement.
Fulton Financial Corp (FULT)
EPS: $0.49, beating estimates by 18.69%.
Revenue: $322.64M, exceeding expectations by 2.48%.
Market Reaction: FULT shares rose by 2.62% following the earnings report.
Tuesday's Top Miss
While some companies exceeded expectations, others fell short. Here’s a look at Tuesday’s top earnings miss:
Beeline Holdings Inc (BLNE)
EPS: -$23.53, underperforming estimates by -535.95%.
Revenue: $663K, coming in -83.17% below analyst projections.
Market Reaction: BLNE shares increased 0.71% following the earnings release.
Arena Group Holdings Inc (AREN)
EPS: $0.15, missing analyst estimates by -66.67%.
Revenue: $36.23M, slightly under the target by -55.11%.
Market Reaction: Post earnings, AREN stock rose 3.00%
The Numbers Don’t Lie!
Missed earnings can be lessons in disguise, while beats can set the stage for bullish momentum. Take this knowledge, apply it to your strategy, and continue to build a portfolio that's ready for whatever the market throws your way. Stay tuned for more updates on the biggest winners and losers of the week!
Till next time,
Stocks Telegraph Team
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