The hottest week of earnings season continues with a packed schedule today
Stocks plummeted yesterday due to a record daily high of U.S. COVID-19 cases. The Dow closed deep in the red on Monday, and the S&P 500 and Nasdaq closed firmly in the red as well. As earnings season hits high gear this week and Election Day looms, fading second stimulus hopes amid Washington D.C.'s gridlock also weighed down the market. The Dow Jones Industrial Average (DJI - 27,685.38) fell 650.2 points yesterday. The S&P 500 Index (SPX - 3,400.97) dropped 64.4 points and the Nasdaq Composite (IXIC - 11,358.94) lost 189.4 points for the day on Monday.The Cboe Volatility Index (VIX - 32.46) gained 17.8%, logging its highest close since September 10.
ICYMI yesterday, our team dropped a ton of actionable info and here's a quick recap
Today is going to be incredibly busy... so no time for blinking, traders. Data on durable goods orders and core capital goods orders, as well as the Case-Shiller national home index and Consumer confidence index will be released today. Meanwhile, 3M (MMM), Caterpillar (CAT), Eli Lilly, Enphase Energy (ENPH), First Solar (FSLR), JetBlue Airways (JBLU), Microsoft, Pfizer, Raytheon Technologies (RTX), and SO MANY MORE will all report earnings.
For your convenience, we have rounded up the companies slated to release their earnings today, October 27:
We have also rounded up the results of all those quarterly earnings reports released yesterday, October 26:
- Affiliated Managers Group, Inc. (NYSE:AMG) operates as an asset management company providing investment management services. Affiliated Managers reported its third-quarter earnings before the bell yesterday.
- Earnings per share were up 3.48% year over year to $3.27, which beat the estimate of $2.84. Revenue of $494,800,000 declined by 9.87% from the same period last year, which beat the estimate of $467,970,000.
- Bank of Hawaii Corporation (NYSE:BOH) operates as the bank holding company for Bank of Hawaii. Bank of Hawaii reported its third-quarter earnings before the bell yesterday.
- Earnings per share decreased 26.36% over the past year to $0.95, which beat the estimate of $0.84. Revenue of $165,900,000 decreased by 3.21% year over year, which beat the estimate of $162,500,000.
- Community Bank System, Inc. (NYSE:CBU) operates as the bank holding company for Community Bank. Community Bank reported its third-quarter earnings before the bell yesterday.
- Earnings per share rose 1.19% over the past year to $0.85, which beat the estimate of $0.69. Revenue of $152,624,000 up by 2.87% year over year, which beat the estimate of $149,980,000.
- Hasbro, Inc. (NASDAQ:HAS) operates as a play and entertainment company. Hasbro reported its third-quarter earnings before the bell yesterday.
- Earnings per share were up 2.17% year over year to $1.88, which beat the estimate of $1.62. Revenue of $1,777,000,000 rose by 12.83% year over year, which beat the estimate of $1,730,000,000.
- HCA Healthcare, Inc. (NYSE:HCA) operates as a health care services company in the United States. At the end of September, HCA stock was hit with a bear note and options volume hit double its normal volume on the stock. HCA Healthcare reported its third-quarter earnings before the bell yesterday.
- Earnings per share decreased 13.90% year over year to $1.92, which missed the estimate of $2.32. Revenue of $13,311,000,000 higher by 4.86% year over year, which beat the estimate of $12,870,000,000.
- Koppers Holdings, Inc. (NYSE:KOP) provides treated wood products, wood treatment chemicals, and carbon compounds. Koppers Holdings reported its third-quarter earnings before the bell yesterday.
- New Residential Investment Corp. (NYSE:NRZ) is a real estate investment trust. New Residential Investment reported its third-quarter earnings before the bell yesterday.
- Earnings per share were down 38.00% over the past year to $0.31, which missed the estimate of $0.38. Revenue of $103,320,000 declined by 48.91% year over year, which missed the estimate of $661,320,000.
- Otis Worldwide Corporation (NYSE:OTIS) manufactures, installs, and services elevators and escalators worldwide. Otis Worldwide reported its third-quarter earnings before the bell yesterday.
- PetMed Express, Inc. (NASDAQ:PETS) operates as a pet pharmacy in the United States. PetMed reported its third-quarter earnings before the bell yesterday.
- Earnings per share rose 27.27% over the past year to $0.42, which beat the estimate of $0.40. Revenue of $75,436,000 higher by 7.86% year over year, which missed the estimate of $77,050,000.
- SAP SE (NYSE:SAP) operates as an enterprise application software, and analytics and business intelligence company worldwide. SAP SE reported its third-quarter earnings before the bell yesterday.
- Earnings per share increased 40.14% year over year to $1.99, which beat the estimate of $1.54. Revenue of $7,637,000,000 higher by 2.90% year over year, which missed the estimate of $8,160,000,000.
- The Simply Good Foods Company (NASDAQ:SMPL) develops, markets, and sells branded nutritional foods and snack products. Simply Good Foods reported its third-quarter earnings before the bell yesterday.
- AGNC Investment Corp. (NASDAQ:AGNC) operates as a real estate investment trust (REIT) in the United States. AGNC Investment reported its third-quarter earnings after the market closed yesterday.
- Earnings per share were up 37.29% year over year to $0.81, which beat the estimate of $0.56. Revenue of $302,000,000 up by 153.78% from the same period last year, which missed the estimate of $366,270,000.
- Alexandria Real Estate Equities, Inc. (NYSE:ARE) is an S&P 500 urban office real estate investment trust. Alexandria Real Estate reported its third-quarter earnings after the market closed yesterday.
- American Campus Communities, Inc. (NYSE:ACC) is the largest owner, manager and developer of high-quality student housing communities in the United States. American Campus Communities reported its third-quarter earnings after the market closed yesterday.
- Amkor Technology, Inc. (NYSE:AMKR) provides outsourced semiconductor packaging and test services in the United States and internationally. Amkor reported its third-quarter earnings after the market closed yesterday.
- Earnings per share rose 65.22% over the past year to $0.38, which beat the estimate of $0.26. Revenue of $1,354,000,000 higher by 24.91% from the same period last year, which beat the estimate of $1,250,000,000.
- Boyd Gaming Corporation (NYSE:BYD) operates as a multi-jurisdictional gaming company. Boyd Gaming reported its third-quarter earnings after the market closed yesterday.
- Earnings per share decreased 2.56% year over year to $0.38, which beat the estimate of $0.10. Revenue of $652,238,000 decreased by 20.42% from the same period last year, which beat the estimate of $568,130,000.
- Brown & Brown, Inc. (NYSE:BRO) markets and sells insurance products and services. Brown & Brown reported its third-quarter earnings after the market closed yesterday.
- Earnings per share increased 33.33% over the past year to $0.52, which beat the estimate of $0.43. Revenue of $674,000,000 rose by 8.94% year over year, which beat the estimate of $640,890,000.
- Cathay General Bancorp (NASDAQ:CATY) operates as the holding company for Cathay Bank. Cathay Bancorp reported its third-quarter earnings after the market closed yesterday.
- Earnings per share fell 24.44% over the past year to $0.68, which beat the estimate of $0.57. Revenue of $150,081,000 declined by 3.90% from the same period last year, which beat the estimate of $145,430,000.
- Chegg, Inc. (NYSE:CHGG) operates direct-to-student learning platform that supports students on their journey from high school to college and into their career. Chegg stock beat earnings expectations last quarter, yet stayed flat post-earnings. A few weeks later, Chegg stock heated up and rallied. Chegg reported its third-quarter earnings after the market closed yesterday.
- Earnings per share decreased 5.56% over the past year to $0.17, which beat the estimate of $0.10. Revenue of $154,018,000 higher by 63.59% year over year, which beat the estimate of $143,680,000.
- Cincinnati Financial Corporation (NASDAQ:CINF) operates direct-to-student learning platform that supports students on their journey from high school to college and into their career. Cincinnati Financial reported its third-quarter earnings after the market closed yesterday.
- Earnings per share were down 63.89% year over year to $0.39, which missed the estimate of $0.74. Revenue of $2,227,000,000 up by 31.00% year over year, which beat the estimate of $1,650,000,000.
- Comfort Systems USA, Inc. (NYSE:FIX) provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services. Comfort Systems reported its third-quarter earnings after the market closed yesterday.
- Crane Co. (NYSE:CR) manufactures and sells engineered industrial products. Crane reported its third-quarter earnings after the market closed yesterday.
- Earnings per share were down 25% over the past year to $1.05, which beat the estimate of $0.79. Revenue of $734,800,000 declined by 4.86% year over year, which beat the estimate of $670,690,000.
- F5 Networks, Inc. (NASDAQ:FFIV) provides multi-cloud application services. F5 Networks reported its third-quarter earnings after the market closed yesterday.
- Earnings per share fell 6.18% over the past year to $2.43, which beat the estimate of $2.37. Revenue of $614,816,000 higher by 4.14% year over year, which beat the estimate of $606,290,000.
- HealthStream, Inc. (NASDAQ:HLIT) provides workforce and provider solutions for healthcare organizations in the United States. HealthStream reported its third-quarter earnings after the market closed yesterday.
- Earnings per share decreased 88.00% over the past year to $0.03, which beat the estimate of ($0.05). Revenue of $94,892,000 declined by 18.00% from the same period last year, which beat the estimate of $82,050,000.
- Heartland Financial USA, Inc. (NASDAQ:HTLF) provides commercial, small business, and consumer banking services. Heartland Financial reported its third-quarter earnings after the market closed yesterday.
- Earnings per share were up 37.23% year over year to $1.29, which beat the estimate of $0.89. Revenue of $153,713,000 rose by 9.23% year over year, which missed the estimate of $156,110,000.
- Independent Bank Group, Inc. (NASDAQ:IBTX) operates as the bank holding company for Independent Bank. Independent Bank Group reported its third-quarter earnings after the market closed yesterday.
- K12, Inc. (NYSE:LRN) is a technology-based education company. K12 reported its third-quarter earnings after the market closed yesterday.
- Earnings per share were up 220.00% year over year to $0.30, which beat the estimate of ($0.31). Revenue of $370,960,000 higher by 44.27% year over year, which beat the estimate of $362,520,000.
- Medpace Holdings, Inc. (NASDAQ:MEDP) is a clinical contract research organization. Medpace reported its third-quarter earnings after the market closed yesterday.
- Earnings per share increased 53.52% year over year to $1.09, which beat the estimate of $1.07. Revenue of $230,373,000 rose by 6.54% year over year, which beat the estimate of $223,560,000.
- Moelis & Company (NYSE:MC) provides strategic and financial advisory services in the United States and internationally. Moelis reported its third-quarter earnings after the market closed yesterday.
- Earnings per share fell 28.95% over the past year to $0.54, which beat the estimate of $0.03. Revenue of $207,604,000 decreased by 10.40% year over year, which beat the estimate of $145,080,000.
- Natl Oilwell Varco, Inc. (NYSE:NOV) designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. Natl Oilwell Varco reported its third-quarter earnings after the market closed yesterday.
- NXP Semiconductors N.V. (NASDAQ:NXPI) offers various semiconductor products. Earlier in October, we reported when NXPI stock reached new highs after receiving raised guidance and bullish notes. NXP Semi reported its third-quarter earnings after the market closes today.
- OneMain Holdings, Inc. (NYSE:OMF) is a financial service holding company. OneMain Holdings reported its third-quarter earnings after the market closed yesterday.
- Packaging Corporation of America (NYSE:PKG) manufactures and sells containerboard and corrugated packaging products in the United States. Packaging Corporation reported its third-quarter earnings after the market closed yesterday.
- PotlatchDeltic Corporation (NASDAQ:PCH) is a real estate investment trust. PotlatchDeltic reported its third-quarter earnings after the market closed yesterday.
- Earnings per share rose 300.00% year over year to $1.20, which beat the estimate of $1.13. Revenue of $313,046,000 higher by 38.33% year over year, which beat the estimate of $308,360,000.
- Principal Financial Group, Inc. (NASDAQ:PFG) provides retirement, asset management, and insurance products and services. Principal Financial reported its third-quarter earnings after the market closed yesterday.
- Earnings per share rose 17.07% year over year to $1.44, which beat the estimate of $1.39. Revenue of $3,292,000,000 decreased by 27.23% year over year, which missed the estimate of $3,630,000,000.
- QTS Realty Trust, Inc. (NYSE:QTS) is a provider of data center solutions. QTS Realty Trust reported its third-quarter earnings after the market closed yesterday.
- Sanmina Corporation (NASDAQ:SANM) provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services. Sanmina reported its third-quarter earnings after the market closed yesterday.
- Simpson Manufacturing Co., Inc. (NYSE:SSD) designs, engineers, manufactures, and sells wood and concrete building construction products. Simpson Manufacturing reported its third-quarter earnings after the market closed yesterday.
- Earnings per share increased 38.64% year over year to $1.22, which beat the estimate of $0.55. Revenue of $326,076,000 higher by 6.96% year over year, which beat the estimate of $247,840,000.
- TCF Financial Corporation (NASDAQ:TCF) operates as the financial holding company for TCF National Bank. TCF Financial reported its third-quarter earnings after the market closed yesterday.
- Earnings per share were down 35.71% year over year to $0.63, which missed the estimate of $0.64. Revenue of $495,977,000 up by 6.42% year over year, which missed the estimate of $505,790,000.
- TriNet Group, Inc. (NYSE:TNET) provides human resources (HR) solutions for small and midsize businesses in the United States. TriNet Group reported its third-quarter earnings after the market closed yesterday.
- Earnings per share were down 30.86% year over year to $0.56, which beat the estimate of $0.16. Revenue of $216,000,000 declined by 2.26% from the same period last year, which beat the estimate of $177,910,000.
- TrueBlue, Inc. (NYSE:TBI) provides specialized workforce solutions. TrueBlue reported its third-quarter earnings after the market closed yesterday.
- Earnings per share decreased 68.42% year over year to $0.24, which beat the estimate of $0.08. Revenue of $474,530,000 decreased by 25.48% year over year, which beat the estimate of $454,430,000.
- Twilio, Inc. (NYSE:TWLO) provides a cloud communications platform. Options bulls blasted TWLO stock earlier this month as the stock reached all-time highs. Twilio reported its third-quarter earnings after the market closed yesterday.
- Earnings per share were up 33.33% over the past year to $0.04, which beat the estimate of ($0.03). Revenue of $447,969,000 higher by 51.82% from the same period last year, which beat the estimate of $409,790,000.
- Varonis Systems, Inc. (NASDAQ:VRNS) provides software products and services. Varonis Systems reported its third-quarter earnings after the market closed yesterday.
- Earnings per share rose 137.50% over the past year to $0.06, which beat the estimate of ($0.13). Revenue of $76,751,000 rose by 16.91% from the same period last year, which beat the estimate of $70,170,000.
Looking ahead to tomorrow, trade balance data is on tap, with earnings from Amgen (AMGN), Boeing (BA), eBay (EBAY), Etsy (ETSY), Fiverr (FVRR), Ford (F), Gilead Sciences, Sony (SNE), Teladoc (TDOC), and UPS (UPS) slated for release. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.