Earnings Whispers - October 18, 2025

Most Anticipated Releases for the Week Beginning Monday, October 20, 2025

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A calendar of upcoming earnings releases by time of day and sorted by interest among traders
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Tesla is Expected to Beat Estimates

Logo for Tesla, Inc.Tesla (TSLA) is confirmed to report earnings on Wednesday, October 22, 2025 at approximately 4:15 PM ET. The consensus earnings estimate is $0.52 per share on revenue of $26.27 billion, representing 4.3% year-over-year revenue growth, and the Earnings Whisper ® number is $0.61 per share. Investors are bullish going into the company's earnings release with 43.6% expecting a beat. Short interest has decreased by 4.1% since the company's last earnings release while the stock has drifted higher by 41.7% from its open following the earnings release to be 31.9% above its 200 day moving average of $333.12. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 7.9% move on earnings and the stock has averaged a 10.5% move in recent quarters. On Wednesday, October 01, 2025 there was some notable buying of 71,720 contracts of the $940.00 call expiring on Friday, January 15, 2027.

Chart for Tesla, Inc.

Netflix is Expected to Beat Estimates

Logo for Netflix, Inc.Netflix (NFLX) is confirmed to report earnings on Tuesday, October 21, 2025 at approximately 4:00 PM ET. The consensus earnings estimate is $6.89 per share on revenue of $11.52 billion, representing 17.3% year-over-year revenue growth, and the Earnings Whisper ® number is $6.96 per share. The company's guidance was for earnings of approximately $6.87 per share on revenue of approximately $11.53 billion. Investors are bullish going into the company's earnings release with 65.3% expecting a beat. Short interest has decreased by 5.6% since the company's last earnings release while the stock has drifted lower by 3.4% from its open following the earnings release to be 8.7% above its 200 day moving average of $1,102.96. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 8.1% move on earnings and the stock has averaged a 6.3% move in recent quarters. On Wednesday, October 01, 2025 there was some notable buying of 3,899 contracts of the $1,200.00 call expiring on Friday, November 21, 2025.

Nokia is Expected to Beat Estimates

Logo for Nokia Corp.Nokia (NOK) is confirmed to report earnings on Thursday, October 23, 2025 at approximately 5:00 AM ET. The consensus earnings estimate is $0.06 per share on revenue of $5.39 billion, representing 13.4% year-over-year revenue growth, and the Earnings Whisper ® number is $0.07 per share. Investors are bullish going into the company's earnings release with 100.0% expecting a beat. Short interest has increased by 28.6% since the company's last earnings release while the stock has drifted higher by 30.2% from its open following the earnings release to be 14.7% above its 200 day moving average of $5.01. Overall earnings estimates are unchanged since the company's last earnings release. Option Traders are pricing in a 12.6% move on earnings and the stock has averaged a 5.3% move in recent quarters. On Thursday, October 16, 2025 there was some notable buying of 19,108 contracts of the $6.00 call expiring on Friday, November 21, 2025.

IBM is Expected to Beat Estimates

Logo for International Business Machines Corp.IBM (IBM) is confirmed to report earnings on Wednesday, October 22, 2025 at approximately 4:10 PM ET. The consensus earnings estimate is $2.43 per share on revenue of $16.09 billion, representing 7.5% year-over-year revenue growth, and the Earnings Whisper ® number is $2.55 per share. Investors are bullish going into the company's earnings release with 64.7% expecting a beat. Short interest has decreased by 16.0% since the company's last earnings release while the stock has drifted higher by 7.7% from its open following the earnings release to be 10.1% above its 200 day moving average of $255.56. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 7.7% move on earnings and the stock has averaged a 7.7% move in recent quarters. On Tuesday, October 07, 2025 there was some notable buying of 9,632 contracts of the $300.00 put expiring on Friday, November 21, 2025.

Intel is Expected to Beat Estimates

Logo for Intel Corp.Intel (INTC) is confirmed to report earnings on Thursday, October 23, 2025 at approximately 4:00 PM ET. The consensus earnings estimate is $0.01 per share on revenue of $13.11 billion, a decline of 1.3% year-over-year, and the Earnings Whisper ® number is $0.03 per share. The company's guidance was for breakeven results on revenue of $12.60 billion to $13.60 billion. Investors are bullish going into the company's earnings release with 64.5% expecting a beat. Short interest has increased by 0.1% since the company's last earnings release while the stock has drifted higher by 79.1% from its open following the earnings release to be 58.2% above its 200 day moving average of $23.39. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 12.3% move on earnings and the stock has averaged a 10.2% move in recent quarters. On Thursday, October 16, 2025 there was some notable buying of 49,198 contracts of the $48.00 call expiring on Friday, March 20, 2026.

Intuitive Surgical is Expected to Beat Estimates

Logo for Intuitive Surgical, Inc.Intuitive Surgical (ISRG) is confirmed to report earnings on Tuesday, October 21, 2025 at approximately 4:05 PM ET. The consensus earnings estimate is $1.99 per share on revenue of $2.41 billion, representing 18.2% year-over-year revenue growth, and the Earnings Whisper ® number is $2.05 per share. Investors are bearish going into the company's earnings release but with 60.0% expecting a beat. Short interest has increased by 102.3% since the company's last earnings release while the stock has drifted lower by 14.6% from its open following the earnings release to be 12.6% below its 200 day moving average of $510.50. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 9.1% move on earnings and the stock has averaged a 4.8% move in recent quarters. On Monday, October 13, 2025 there was some notable buying of 1,276 contracts of the $450.00 call expiring on Friday, October 24, 2025.

Cleveland-Cliffs is Expected to Miss Estimates

Logo for Cleveland-Cliffs IncCleveland-Cliffs (CLF) is confirmed to report earnings on Monday, October 20, 2025 at approximately 6:00 AM ET. The consensus estimate is a loss of $0.48 per share on revenue of $4.91 billion, representing 7.5% year-over-year revenue growth, and the Earnings Whisper ® number is a loss of $0.51 per share. Investors are bullish going into the company's earnings release with 62.5% expecting a beat. Short interest has decreased by 10.0% since the company's last earnings release while the stock has drifted higher by 32.0% from its open following the earnings release to be 37.4% above its 200 day moving average of $9.69. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 10.8% move on earnings and the stock has averaged a 9.7% move in recent quarters. On Thursday, October 09, 2025 there was some notable buying of 13,525 contracts of the $15.00 call expiring on Friday, November 21, 2025.

Texas Instruments is Expected to Beat Estimates

Logo for Texas Instruments IncorporatedTexas Instruments (TXN) is confirmed to report earnings on Tuesday, October 21, 2025 at approximately 4:00 PM ET. The consensus earnings estimate is $1.47 per share on revenue of $4.64 billion, representing 11.8% year-over-year revenue growth, and the Earnings Whisper ® number is $1.53 per share. The company's guidance was for earnings of $1.36 to $1.60 per share on revenue of $4.45 billion to $4.80 billion. Investors are bullish going into the company's earnings release with 83.3% expecting a beat. Short interest has increased by 3.9% since the company's last earnings release while the stock has drifted lower by 9.4% from its open following the earnings release to be 4.7% below its 200 day moving average of $185.33. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 8.0% move on earnings and the stock has averaged a 6.2% move in recent quarters. On Tuesday, September 30, 2025 there was some notable buying of 10,041 contracts of the $160.00 put expiring on Friday, January 16, 2026.

Coca-Cola is Expected to Beat Estimates

Logo for Coca-Cola CompanyCoca-Cola (KO) is confirmed to report earnings on Tuesday, October 21, 2025 at approximately 6:55 AM ET. The consensus earnings estimate is $0.78 per share on revenue of $12.43 billion, representing 4.9% year-over-year revenue growth, and the Earnings Whisper ® number is $0.80 per share. Investors are bullish going into the company's earnings release with 77.3% expecting a beat. Short interest has decreased by 0.8% since the company's last earnings release while the stock has drifted lower by 1.5% from its open following the earnings release to be 0.4% below its 200 day moving average of $68.68. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 3.1% move on earnings and the stock has averaged a 1.5% move in recent quarters. On Friday, October 17, 2025 there was some notable buying of 6,920 contracts of the $71.00 call expiring on Friday, October 24, 2025.

Newmont Mining is Expected to Beat Estimates

Logo for Newmont Mining Corp.Newmont Mining (NEM) is confirmed to report earnings on Thursday, October 23, 2025 at approximately 4:05 PM ET. The consensus earnings estimate is $1.27 per share on revenue of $4.92 billion, representing 6.8% year-over-year revenue growth, and the Earnings Whisper ® number is $1.38 per share. Investors are bullish going into the company's earnings release with 45.0% expecting a beat. Short interest has increased by 24.1% since the company's last earnings release while the stock has drifted higher by 42.1% from its open following the earnings release to be 57.0% above its 200 day moving average of $57.83. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 7.4% move on earnings and the stock has averaged a 8.1% move in recent quarters. On Friday, October 17, 2025 there was some notable buying of 5,817 contracts of the $82.50 put expiring on Friday, December 19, 2025.

A list showing logos of companies scheduled to report earnings in the coming week based on expected moves.

Ribbon Communications is Expected to Beat Estimates

Logo for Ribbon Communications Inc.Ribbon Communications (RBBN) is confirmed to report earnings on Wednesday, October 22, 2025 at approximately 4:05 PM ET. The consensus earnings estimate is $0.06 per share on revenue of $220.38 million, representing 4.8% year-over-year revenue growth, and the Earnings Whisper ® number is $0.08 per share. The company's guidance was for revenue of $213.00 million to $227.00 million. Investors are bullish going into the company's earnings release but expect in-line results. Short interest has increased by 48.3% since the company's last earnings release while the stock has drifted lower by 9.7% from its open following the earnings release to be 13.4% below its 200 day moving average of $4.40. Overall earnings estimates are unchanged since the company's last earnings release. and the stock has averaged a 15.0% move in recent quarters.

Chart for Ribbon Communications Inc.

This earnings season, trade the stocks that are most likely to outperform

The Earnings Whisper Grade is a tool meticulously designed to harness the consistent, time-tested phenomenon of Post-earnings Announcement Drift (PEAD). When a stock is highly disliked yet the company's results are strong, it often receives a favorable Earnings Whisper Grade, indicating a likelihood to outperform the overall stock market by holding it over the subsequent quarter. Conversely, stocks that are widely loved but report weak results are more likely to lag behind the market and may even decline during bull markets. We synthesize this data into a quantifiable grade, offering a strategic asset to enhance your portfolio's performance this earnings season.

As of the end of 2024, stocks with the highest Earnings Whisper Grades have outperformed the overall stock market by an average of 65.9% per year.

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A summary of biggest guidance and earnings surprises, along with the biggests movers for the week.

Taiwan Semiconductor ADR Beat Expectations

Logo for Taiwan Semiconductor ADRTaiwan Semiconductor ADR (TSM) reported earnings of $2.92 per share on revenue of $33.10 billion for the third quarter ended September 2025. The consensus earnings estimate was $2.59 per share on revenue of $31.65 billion. The Earnings Whisper number was $2.69 per share. The company beat expectations by 8.55% while revenue grew 40.81% on a year-over-year basis.

The company said it expects fourth quarter revenue of $32.20 billion to $33.40 billion. The current consensus revenue estimate is $31.56 billion for the quarter ending December 31, 2025.

“Our business in the third quarter was supported by strong demand for our leading-edge process technologies,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into fourth quarter 2025, we expect our business to be supported by continued strong demand for our leading-edge process technologies.”

Taiwan Semiconductor Manufacturing Co Ltd engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices, it also manufactures masks.

Chart for Taiwan Semiconductor ADR

Asml Holdings NY Reg ADR Missed Expectations

Logo for Asml Holdings NY Reg ADRAsml Holdings NY Reg ADR (ASML) reported earnings of $6.41 per share on revenue of $8.78 billion for the third quarter ended September 2025. The consensus earnings estimate was $6.27 per share on revenue of $8.81 billion. The Earnings Whisper number was $6.49 per share. The company missed expectations by 1.23% while revenue grew 7.04% on a year-over-year basis.

The company said it expects fourth quarter revenue of $10.70 billion to $11.39 billion. The current consensus revenue estimate is $11.02 billion for the quarter ending December 31, 2025.

ASML Holding NV is a provider of lithography systems for the semiconductor industry, manufactures complex machines that are critical to the production of integrated circuits or chips. Its products include TWINSCAN, PAS 5500, Optics, among others.

Blackrock Missed Expectations

Logo for Blackrock IncBlackrock (BLK) reported earnings of $11.55 per share on revenue of $6.51 billion for the third quarter ended September 2025. The consensus earnings estimate was $11.19 per share on revenue of $6.26 billion. The Earnings Whisper number was $12.45 per share. The company missed expectations by 7.23% while revenue grew 25.25% on a year-over-year basis.

BlackRock Inc along with its subsidiaries, provides investment management services to institutional clients and to individual investors through various investment vehicles.

JP Morgan Chase Beat Expectations

Logo for JP Morgan Chase & CompanyJP Morgan Chase (JPM) reported earnings of $5.07 per share on revenue of $71.90 billion for the third quarter ended September 2025. The consensus earnings estimate was $4.83 per share on revenue of $44.66 billion. The Earnings Whisper number was $4.96 per share. The company beat expectations by 2.22% while revenue grew 3.21% on a year-over-year basis.

JPMorgan Chase & Co is a financial services firm and a banking institution. its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management.

Goldman Sachs Group Beat Expectations

Logo for Goldman Sachs GroupGoldman Sachs Group (GS) reported earnings of $12.25 per share on revenue of $32.15 billion for the third quarter ended September 2025. The consensus earnings estimate was $11.11 per share on revenue of $13.86 billion. The Earnings Whisper number was $11.57 per share. The company beat expectations by 5.88% while revenue grew 2.00% on a year-over-year basis.

Goldman Sachs Group Inc is a investment banking, securities and investment management firm. Its segments include Investment Banking, Trading and Principal Investments, Asset Management and Securities Services.



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