Earnings Whispers - April 21, 2026

Summary for Monday, April 20, 2026

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A summary of guidance and results for the day, with a list of top surprises
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Top Earnings News

Cleveland-Cliffs Missed Expectations

Logo for Cleveland-Cliffs IncCleveland-Cliffs (CLF) reported a loss of $0.40 per share on revenue of $4.92 billion for the first quarter ended March 2026. The consensus estimate was a loss of $0.44 per share on revenue of $4.83 billion. The Earnings Whisper number was a loss of $0.28 per share. The company missed expectations by 42.86% while revenue grew 6.33% on a year-over-year basis.

Cliffs’ Chairman, President and CEO, Lourenco Goncalves, said: “Q1 results reflected the impact of short-term headwinds like energy prices and price realization lags. As we move through the year, each quarter is expected to improve sequentially, as the momentum already visible in both our order book and pricing continues to translate into earnings and cash flow. Importantly, we expect to generate healthy positive free cash flow in the second quarter, marking a return to the earnings and cash-generation profile this company is capable of delivering."

Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.

Chart for Cleveland-Cliffs Inc

Positive Guidance

Surf Air Mobility Raises EBITDA Guidance

Logo for Surf Air Mobility IncSurf Air Mobility Inc (SRFM) said it continues to expect 2026 revenue of $128.0 million to $138.0 million, but now expects an Adjusted EBITDA loss of $30.0 million to $25.0 million. The company's previous guidance was for an EBITDA loss of $50.0 million to $40.0 million. The current consensus revenue estimate is $131.32 million for the year ending December 31, 2026.

Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to reinvent flying through the power of electrification.

Chart for Surf Air Mobility Inc

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Negative Guidance

Flexsteel Industries Sees Revenue Below Estimates

Logo for Flexsteel Industries Inc.Flexsteel Industries Inc. (FLXS) said it expects fourth quarter revenue of approximately $114.61 million. The current consensus revenue estimate is $119.54 million for the quarter ending June 30, 2026.

Flexsteel Industries, Inc., and Subsidiaries, is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States.

Chart for Flexsteel Industries Inc.

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Positive Surprise

RBB Bancorp Beat Consensus Estimates

Logo for Rbb BancorpRBB Bancorp (RBB) reported earnings of $0.66 per share on revenue of $61.05 million for the first quarter ended March 2026. The consensus earnings estimate was $0.45 per share on revenue of $32.38 million. The company beat consensus estimates by 46.67% while revenue grew 11.76% on a year-over-year basis.

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California.

Chart for Rbb Bancorp

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Negative Surprise

Washington Trust Bancorp Missed Consensus Estimates

Logo for Washington TR BncorpWashington Trust Bancorp (WASH) reported earnings of $0.66 per share on revenue of $92.29 million for the first quarter ended March 2026. The consensus earnings estimate was $0.77 per share on revenue of $58.62 million. The company missed consensus estimates by 14.29% while revenue fell 9.62% compared to the same quarter a year ago.

Washington Trust Bancorp Inc. through its subsidiaries offers financial services to individuals and businesses, including wealth management, through its offices in Rhode Island, eastern Massachusetts and southeastern Connecticut.

Chart for Washington TR Bncorp

A calendar showing logos of companies scheduled to report earnings on the next business day.

UnitedHealth Group is Expected to Beat Estimates

Logo for UnitedHealth Group, Inc.UnitedHealth Group (UNH) is confirmed to report earnings on Tuesday, April 21, 2026 at approximately 5:55 AM ET. The consensus earnings estimate is $6.48 per share on revenue of $109.96 billion, respresenting 0.4% year-over-year revenue growth, and the Earnings Whisper ® number is $6.60 per share. Investors are 50.1% bearish going into the company's earnings release. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 10.7% move in recent quarters.

Chart for UnitedHealth Group, Inc.

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A list showing logos of companies scheduled to report earnings on the next business day based on expected moves.


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