Earnings Whispers - November 21, 2025

Summary for Thursday, November 20, 2025

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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

Walmart Missed Expectations

Logo for Walmart IncWalmart (WMT) reported earnings of $0.62 per share on revenue of $179.50 billion for the fiscal third quarter ended October 2025. The consensus earnings estimate was $0.61 per share on revenue of $177.01 billion. The Earnings Whisper number was $0.63 per share. The company missed expectations by 1.59% while revenue grew 5.84% on a year-over-year basis.

The company said it expects fiscal 2026 earnings of $2.58 to $2.63 per share on revenue of $713.67 billion to $715.72 billion. The company's previous guidance was earnings of $2.52 to $2.62 per share on revenue of $699.79 billion to $706.54 billion, and the current consensus earnings estimate is $2.62 per share on revenue of $708.94 billion for the year ending January 31, 2026.

Doug McMillon, President and CEO, Walmart, said, "The team delivered another strong quarter across the business. eCommerce was a bright spot again this quarter. We’re gaining market share, improving delivery speed, and managing inventory well. We’re well positioned for a strong finish to the year and beyond that, thanks to our associates. It’s been an honor to serve them as CEO, and I’m as excited about the future of this company as I’ve ever been. John Furner is a fantastic leader with a proven track record. I couldn’t be happier for him and for Walmart.”

Walmart Inc. is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices.

Chart for Walmart Inc

Positive Guidance

ESCO Technologies Sees First Quarter Below Estimates but Guides Above for the Year

Logo for ESCO Technologies Inc.ESCO Technologies Inc. (ESE) said it expects first-quarter non-GAAP earnings of $1.25 to $1.35 per share. The current consensus earnings estimate is $1.50 per share for the quarter ending December 31, 2025. The company said it expects fiscal 2026 non-GAAP earnings of $7.50 to $7.80 per share on revenue of $1.27 billion to $1.31 billion. The current consensus earnings estimate is $7.26 per share on revenue of $1.28 billion for the year ending September 30, 2026.

ESCO Technologies Inc designs and manufactures specialty filtration products including hydraulic filter elements and fluid control devices used in commercial aerospace applications, filter mechanisms used in micro-propulsion devices for satellites.

Chart for ESCO Technologies Inc.

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Negative Guidance

Bath & Body Works Guides Below Estimates

Logo for Bath & Body Works, Inc.Bath & Body Works, Inc. (BBWI) said it expects fourth quarter earnings of at least $1.70 per share on revenue of approximately $2.58 billion. The current consensus earnings estimate is $2.14 per share on revenue of $2.83 billion for the quarter ending January 31, 2026.

Home of America’s Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.

Chart for Bath & Body Works, Inc.

Other Top Guidance Announcements

SCVLShoe Carnival Narrows Guidance
MMSMAXIMUS Provides Mixed Guidance
LQDTLiquidity Services Guides In-line
ATKRAtkore Sees Revenue Above Estimates
ESTCElastic Raises Guidance
ROSTRoss Stores Guides In-line
JJacobs Guides In-line
VIPSVipshop Guides In-line
VEEVVeeva Systems Guides Above Estimates
ALLTAllot Raises Revenue Guidance
ROADConstruction Partners Reaffirms
UGIUGI Guides Below Estimates
NGVCNatural Grocers Sees 2026 Below Estimates

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Positive Surprise

Webull Beat Expectations

Logo for Webull Corp Cl AWebull (BULL) reported earnings of $0.07 per share on revenue of $156.94 million for the third quarter ended September 2025. The consensus earnings estimate was $0.03 per share on revenue of $133.03 million. The Earnings Whisper number was $0.03 per share. The company beat expectations by 133.33%.

"We are proud of another strong quarter, with record revenue and customer assets driven by technological innovation, geographic and product expansion, and a favorable market backdrop," said Anthony Denier, Group President and U.S. CEO of Webull. "We continue to execute and grow our platform as showcased by the launch of Vega, our new AI tool that brings personalized market analysis and investing insights, in addition to the delivery of a variety of new offerings, including corporate bonds, access to event-based prediction markets and the re-introduction of crypto."

Webull is a leading digital investment platform built on next-generation global infrastructure.

Chart for Webull Corp Cl A

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Negative Surprise

Atkore Missed Consensus Estimates

Logo for Atkore IncAtkore (ATKR) reported earnings of $0.63 per share on revenue of $752.01 million for the fiscal fourth quarter ended September 2025. The consensus earnings estimate was $1.16 per share on revenue of $738.90 million. The company missed consensus estimates by 45.69% while revenue fell 4.60% compared to the same quarter a year ago.

The company said it expects fiscal 2026 non-GAAP earnings of $5.05 to $5.55 per share on revenue of $3.00 billion to $3.10 billion. The current consensus earnings estimate is $5.26 per share on revenue of $2.84 billion for the year ending September 30, 2026.

Atkore is forging a future where our employees, customers, suppliers, shareholders and communities are building better together – a future focused on serving the customer and powering and protecting the world.

Chart for Atkore Inc

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

Bitmine Immersion Technologies is Scheduled to Report on Friday, November 21, 2025

Logo for Bitmine Immersion Technologies, Inc.Bitmine Immersion Technologies (BMNR) is confirmed to report earnings on Friday, November 21, 2025 at approximately 0:00 AM ET. The consensus estimate is a loss of $0.10 per share on revenue of $2.10 million. Investors are 32.7% bearish going into the company's earnings release. Option traders are pricing in a 21.3% move on earnings and the stock has averaged a 27.2% move in recent quarters.

Chart for Bitmine Immersion Technologies, 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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