In the heat of earnings season, the top 5 companies are reporting this week
On Friday, the Dow closed the day lower, weighed down by reports that the U.S. neared its record high in new coronavirus cases on Thursday. The S&P 500 and Nasdaq, however, managed small wins, brushing off continued gridlock regarding a possible second stimulus before the presidential election. All three major indexes posted their first weekly losses for the month of October.
The Dow Jones Industrial Average (DJI - 28,335.57) fell 0.1% for the day on Friday, and 0.9% overall last week. The S&P 500 Index (SPX - 3,465.39) added 0.3%, for the da yon Friday and lost 0.6% for the week, while the Nasdaq Composite (IXIC - 11,548.28) tacked on 0.4% for the day, and dropped 1.1% overall last week. The Cboe Volatility Index (VIX - 27.55) lost 2%, on Friday, but added 0.5% for the week.
Here's a quick list of must-reads before the biggest week of earnings kicks off this week:
Let's kick off the earnings bonanza that is this week, with all five of the largest companies in the world reporting today. We will also start the week off with the Chicago Fed national activity index as well as new home sales data for September today. We have our fair share of big earnings reports slated for today, but the biggest days this week will be tomorrow and Wednesday!
For your convenience, we have rounded up the companies slated to release their earnings today, October 26:
- Affiliated Managers Group, Inc. (NYSE:AMG -- $79.40) operates as an asset management company providing investment management services.
- Affiliated Managers will report its third-quarter earnings before the bell today.
- Bank of Hawaii Corporation (NYSE:BOH -- $62.17) operates as the bank holding company for Bank of Hawaii.
- Bank of Hawaii will report its third-quarter earnings before the bell today.
- Community Bank System, Inc. (NYSE:CBU -- $58.92) operates as the bank holding company for Community Bank. CBU stock has increased 2.8% year-over-year.
- Community Bank will report its third-quarter earnings before the bell today.
- Hasbro, Inc. (NASDAQ:HAS -- $92.00) operates as a play and entertainment company. HAS stock is up 12.8% year-to-date.
- Hasbro will report its third-quarter earnings before the bell today.
- HCA Healthcare, Inc. (NYSE:HCA -- $92.00) 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 will report its third-quarter earnings before the bell today.
- Koppers Holdings, Inc. (NYSE:KOP -- $25.21) provides treated wood products, wood treatment chemicals, and carbon compounds.
- Koppers Holdings will report its third-quarter earnings before the bell today.
- New Residential Investment Corp. (NYSE:NRZ -- $8.73) is a real estate investment trust. NRZ stock is up 9.1% year-over-year.
- New Residential Investment will report its third-quarter earnings before the bell today.
- Otis Worldwide Corporation (NYSE:OTIS -- $63.45) manufactures, installs, and services elevators and escalators worldwide. OTIS stock is up 1.4% year-to-date.
- Otis Worldwide will report its third-quarter earnings before the bell today.
- PetMed Express, Inc. (NASDAQ:PETS -- $30.66) operates as a pet pharmacy in the United States.
- PetMed will report its third-quarter earnings before the bell today.
- SAP SE (NYSE:SAP -- $149.68) operates as an enterprise application software, and analytics and business intelligence company worldwide. SAP stock price has dropped 3.9% year-to-date.
- SAP SE will report its third-quarter earnings before the bell today.
- The Simply Good Foods Company (NASDAQ:SMPL -- $21.15) develops, markets, and sells branded nutritional foods and snack products.
- Simply Good Foods will report its third-quarter earnings before the bell today.
- AGNC Investment Corp. (NASDAQ:AGNC -- $14.19) operates as a real estate investment trust (REIT) in the United States.
- AGNC Investment will report its third-quarter earnings after the market closes today.
- Alexandria Real Estate Equities, Inc. (NYSE:ARE -- $160.54) is an S&P 500 urban office real estate investment trust.
- Alexandria Real Estate will report its third-quarter earnings after the market closes today.
- American Campus Communities, Inc. (NYSE:ACC -- $37.76) is the largest owner, manager and developer of high-quality student housing communities in the United States.
- American Campus Communities will report its third-quarter earnings after the market closes today.
- Amkor Technology, Inc. (NYSE:AMKR -- $13.28) provides outsourced semiconductor packaging and test services in the United States and internationally.
- Amkor will report its third-quarter earnings after the market closes today.
- Boyd Gaming Corporation (NYSE:BYD -- $34.70) operates as a multi-jurisdictional gaming company.
- Boyd Gaming will report its third-quarter earnings after the market closes today.
- Brown & Brown, Inc. (NYSE:BRO -- $46.72) markets and sells insurance products and services.
- Brown & Brown will report its third-quarter earnings after the market closes today.
- Cathay General Bancorp (NASDAQ:CATY -- $24.23) operates as the holding company for Cathay Bank.
- Cathay Bancorp will report its third-quarter earnings after the market closes today.
- Chegg, Inc. (NYSE:CHGG -- $86.76) 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 will report its third-quarter earnings after the market closes today.
- Cincinnati Financial Corporation (NASDAQ:CINF -- $77.40) operates direct-to-student learning platform that supports students on their journey from high school to college and into their career.
- Cincinnati Financial will report its third-quarter earnings after the market closes today.
- Comfort Systems USA, Inc. (NYSE:FIX -- $55.11) provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services.
- Comfort Systems will report its third-quarter earnings after the market closes today.
- Crane Co. (NYSE:CR -- $55.14) manufactures and sells engineered industrial products.
- Crane will report its third-quarter earnings after the market closes today.
- F5 Networks, Inc. (NASDAQ:FFIV -- $128.36) provides multi-cloud application services.
- F5 Networks will report its third-quarter earnings after the market closes today.
- HealthStream, Inc. (NASDAQ:HLIT -- $7.07) provides workforce and provider solutions for healthcare organizations in the United States.
- HealthStream will report its third-quarter earnings after the market closes today.
- Heartland Financial USA, Inc. (NASDAQ:HTLF -- $35.22) provides commercial, small business, and consumer banking services.
- Heartland Financial will report its third-quarter earnings after the market closes today.
- Independent Bank Group, Inc. (NASDAQ:IBTX -- $52.46) operates as the bank holding company for Independent Bank.
- Independent Bank Group will report its third-quarter earnings after the market closes today.
- K12, Inc. (NYSE:LRN -- $28.70) is a technology-based education company.
- K12 will report its third-quarter earnings after the market closes today.
- Medpace Holdings, Inc. (NASDAQ:MEDP -- $116.54) is a clinical contract research organization.
- Medpace will report its third-quarter earnings after the market closes today.
- Moelis & Company (NYSE:MC -- $39.03) provides strategic and financial advisory services in the United States and internationally.
- Moelis will report its third-quarter earnings after the market closes today.
- Natl Oilwell Varco, Inc. (NYSE:NOV -- $9.19) designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide.
- Natl Oilwell Varco will report its third-quarter earnings after the market closes today.
- NXP Semiconductors N.V. (NASDAQ:NXPI -- $137.18) offers various semiconductor products. Earlier in October, we reported when NXPI stock reached new highs after receiving raised guidance and bullish notes.
- NXP Semi will report its third-quarter earnings after the market closes today.
- OneMain Holdings, Inc. (NYSE:OMF -- $37.76) is a financial service holding company.
- OneMain Holdings will report its third-quarter earnings after the market closes today.
- Packaging Corporation of America (NYSE:PKG -- $119.20) manufactures and sells containerboard and corrugated packaging products in the United States.
- Packaging Corporation will report its third-quarter earnings after the market closes today.
- PotlatchDeltic Corporation (NASDAQ:PCH -- $47.52) is a real estate investment trust.
- PotlatchDeltic will report its third-quarter earnings after the market closes today.
- Principal Financial Group, Inc. (NASDAQ:PFG -- $43.52) provides retirement, asset management, and insurance products and services.
- Principal Financial will report its third-quarter earnings after the market closes today.
- QTS Realty Trust, Inc. (NYSE:QTS -- $65.94) is a provider of data center solutions.
- QTS Realty Trust will report its third-quarter earnings after the market closes today.
- Sanmina Corporation (NASDAQ:SANM -- $26.43) provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services.
- Sanmina will report its third-quarter earnings after the market closes today.
- Simpson Manufacturing Co., Inc. (NYSE:SSD -- $96.96) designs, engineers, manufactures, and sells wood and concrete building construction products.
- Simpson Manufacturing will report its third-quarter earnings after the market closes today.
- TCF Financial Corporation (NASDAQ:TCF -- $29.62) operates as the financial holding company for TCF National Bank.
- TCF Financial will report its third-quarter earnings after the market closes today.
- TriNet Group, Inc. (NYSE:TNET -- $72.25) provides human resources (HR) solutions for small and midsize businesses in the United States.
- TriNet Group will report its third-quarter earnings after the market closes today.
- TrueBlue, Inc. (NYSE:TBI -- $18.43) provides specialized workforce solutions.
- TrueBlue will report its third-quarter earnings after the market closes today.
- Twilio, Inc. (NYSE:TWLO -- $306.10) provides a cloud communications platform. Options bulls blasted TWLO stock earlier this month as the stock reached all-time highs.
- Twilio will report its third-quarter earnings after the market closes today.
- Varonis Systems, Inc. (NASDAQ:VRNS -- $124.27) provides software products and services.
- Varonis Systems will report its third-quarter earnings after the market closes today.
We have also rounded up the results of all those quarterly earnings reports released on Friday, October 23:
- ABB Ltd (NYSE:ABB) manufactures and sells electrification, industrial automation, motion, and robotics and discrete automation products. ABB reported its fourth-quarter earnings before the bell Friday.
- Altra Industrial Motion Corp. (NASDAQ:AIMC) designs, produces, and markets a range of electromechanical power transmission motion control products. Altra Industrial Motion reported its third-quarter earnings before the bell Friday.
- Earnings per share increased 26.09% over the past year to $0.87, which beat the estimate of $0.46. Revenue of $437,800,000 decreased by 1.15% year over year, which beat the estimate of $393,820,000.
- American Express (NYSE:AXP) provides charge and credit payment card products, and travel-related services worldwide. Despite beating earnings expectations last quarter, put buyers blasted American Express stock. American Express reported its third-quarter earnings before the bell Friday.
- Earnings per share fell 37.50% year over year to $1.30, which missed the estimate of $1.33. Revenue of $8,751,000,000 decreased by 20.37% year over year, which beat the estimate of $8,660,000,000.
- Autoliv, Inc. (NYSE:ALV) develops, manufactures, and supplies automotive safety systems. Autoliv reported its third-quarter earnings before the bell Friday.
- Earnings per share rose 13.85% over the past year to $1.48, which beat the estimate of $1.02. Revenue of $2,037,000,000 rose by 0.44% from the same period last year, which beat the estimate of $1,910,000,000.
- Barnes Group, Inc. (NYSE:B) provides engineered products, industrial technologies, and innovative solutions. Barnes Group reported its third-quarter earnings before the bell Friday.
- Earnings per share were down 66.29% year over year to $0.30, which beat the estimate of $0.28. Revenue of $269,059,000 decreased by 27.79% from the same period last year, which beat the estimate of $245,620,000.
- Bloomin' Brands, Inc. (NASDAQ:BLMN) owns and operates casual, upscale casual, and fine dining restaurants. Bloomin' Brands reported its third-quarter earnings before the bell Friday.
- Earnings per share fell 220.00% over the past year to ($0.12), which beat the estimate of ($0.35). Revenue of $771,260,000 declined by 20.25% year over year, which beat the estimate of $745,030,000.
- Carter’s, Inc. (NYSE:CRI) designs, sources, and markets branded childrenswear. Carter’s reported its third-quarter earnings before the bell Friday.
- Earnings per share increased 4.81% year over year to $1.96, which beat the estimate of $1.57. Revenue of $865,080,000 decreased by 8.29% from the same period last year, which missed the estimate of $878,520,000.
- Cleveland-Cliffs, Inc. (NYSE:CLF) operates as an independent iron ore mining company. At the beginning of last quarter, call buyers blasted CLF stock. After it was reported at the end of last month that the mining company, will buy all of the U.S. assets of the world's largest steelmaker, ArcelorMittal (MT), options bears rushed to CLF stock. Cleveland-Cliffs reported its third-quarter earnings before the bell Friday.
- Earnings per share fell 87.88% year over year to $0.04, which beat the estimate of ($0.10). Revenue of $1,646,000,000 up by 196.26% from the same period last year, which beat the estimate of $1,600,000,000.
- First Hawaiian, Inc. (NASDAQ:FHB) operates as a bank holding company for First Hawaiian Bank. First Hawaiian reported its third-quarter earnings before the bell Friday.
- First Horizon National Corporation (NYSE:FHN) operates as the bank holding company for First Horizon Bank. First Horizon reported its third-quarter earnings before the bell Friday.
- Earnings per share fell 18.60% year over year to $0.35, which beat the estimate of $0.21. Revenue of $1,355,000,000 higher by 186.83% from the same period last year, which beat the estimate of $799,540,000.
- Gentex (NASDAQ:GNTX) provides digital vision, connected car, dimmable glass, and fire protection products worldwide. Gentex reported its third-quarter earnings before the bell Friday.
- Earnings per share rose 9.09% year over year to $0.48, which beat the estimate of $0.40. Revenue of $474,639,000 decreased by 0.65% from the same period last year, which beat the estimate of $451,250,000.
- The Greenbrier Companies, Inc. (NYSE:GBX) designs, manufactures, and markets railroad freight car equipment. Greenbrier reported its third-quarter earnings before the bell today.
- Southside Bancshares, Inc. (NASDAQ:SBSI) operates as the bank holding company for Southside Bank. Southside Bancshares reported its third-quarter earnings before the bell Friday.
- Earnings per share increased 41.38% over the past year to $0.82, which beat the estimate of $0.56. Revenue of $57,727,000 up by 7.93% year over year, which missed the estimate of $60,840,000.
- Triton International Limited (NYSE:TRTN) engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis. Triton International reported its third-quarter earnings before the bell Friday.
- Earnings per share decreased 1.72% over the past year to $1.14, which beat the estimate of $1.06. Revenue of $327,757,000 decreased by 2.65% year over year, which missed the estimate of $335,300,000.
- United Bankshares, Inc. (NYSE:UBSI) provides commercial and retail banking products and services. United Bankshares reported its third-quarter earnings before the bell Friday.
Looking ahead to tomorrow, investors gets busier with data on durable goods orders and core capital goods orders, as well as the Case-Shiller national home index and Consumer confidence index. Meanwhile, 3M (MMM), Caterpillar (CAT), Eli Lilly, Enphase Energy (ENPH), First Solar (FSLR), JetBlue Airways (JBLU), Microsoft, Pfizer, and Raytheon Technologies (RTX) will all report earnings. 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.