Earnings season
Start taking advantage of price movements caused by earnings announcements. Go long or short on the hottest stocks of earnings season with us, including 90+ key companies that you can trade out of hours.
Start trading today. Call +44 (20) 7633 5430, or email sales.en@ig.com to talk about opening a trading account. We’re here 24/5.
Contact us: +44 (20) 7633 5430
Start trading today. Call +44 (20) 7633 5430, or email sales.en@ig.com to talk about opening a trading account. We’re here 24/5.
Contact us: +44 (20) 7633 5430
What to watch this earnings season
All eyes will be on this earnings season to see how bullish investors will be in the months to come.
With UK inflation remaining high, interest rates are expected to continue to increase in the coming months with some believing they’ll reach 6% by the end of the year. If this does occur, it’ll be interesting to see the impact these higher rates will have on inflation.
Although the environment currently seems to be bearish, the spotlight will be on the United States this earnings season. If earnings fail to meet analyst expectations, investor sentiment may remain cautions for the foreseeable future.
Earnings season report calendar: key events
Take a look at some of the most anticipated global earnings announcements.
- July
- August
- September
Most anticipated earnings releases – July 2023
Make the most of earnings announcements with our extended hours ‘All Sessions’ offering, which enables you to access 90+ of the most popular equities before and after the main market session.
* Please note: (i) the list of companies below does not construe investment advice; (ii) the dates shown include both confirmed (for those companies who have published their earnings dates) and estimated (for those companies who have not).
| July 2023 | |
| Thursday, 13 | Delta Airlines PepsiCo |
| Friday, 14 | JP Morgan Wells Fargo&Co Citigroup First Republic Burberry Group |
| Tuesday, 18 | Charles Schwab Bank of America Morgan Stanley Land Securities |
| Wednesday, 19 | Netflix Goldman Sachs IBM |
| Thursday, 20 | J&J Philip Morris SSE |
| Friday, 21 | American Express |
| Monday, 24 | Tesla Vodafone |
| Tuesday, 25 | Just Eat Alphabet Visa Unilever |
| Wednesday, 26 | Louis Vuitton Rio Tinto Limited Coca-Cola British American Tobacco Lloyds Banking Santander Meta Boeing GSK Reckitt Benckiser Apple PayPal |
| Thursday, 27 | Renault Anglo American Microsoft Amazon Sainsburys Total Energies Mastercard McDonald’s BNP Paribas BT |
| Friday, 28 | Standard Chartered Sanofi BBVA Exxon Chevron Natwest Group JD Sports IAG British Airway |
Take a look at our earnings calendar for more.
When you trade on earnings season with us, you’ll do so via CFDs. This’ll allow you to predict what the markets will do and make a profit if you predict correctly – whether the share price rises or drops.
CFDs are leveraged, meaning you’ll put down a fraction of the full value of your trade size – known as margin – to open a larger position. Just note that leveraged trades are risky, as your total profit or loss will be calculated on the full position size, not your margin amount, so both can substantially outweigh your initial outlay.
Are you ready to trade earnings season? Create a live account now.
Most anticipated earnings releases – August 2023
Make the most of earnings announcements with our extended hours ‘All Sessions’ offering, which enables you to access 90+ of the most popular equities before and after the main market session.
* Please note: (i) the list of companies below does not construe investment advice; (ii) the dates shown include both confirmed (for those companies who have published their earnings dates) and estimated (for those companies who have not).
| August 2023 | |
| Tuesday, 1 | Pfizer AMD Starbucks BP HSBC Intercontinental Baidu |
| Wednesday, 2 | Booking BAE Systems |
| Thursday, 3 | Coca-cola Expedia Rolls-Royce Holdings |
| Monday, 7 | Glencore AstraZeneca |
| Tuesday, 8 | Disney Ralph Lauren |
| Wednesday, 9 | Antofagasta Commonwealth Bank of Australia |
| Thursday, 10 | Airbnb |
| Tuesday, 15 | Legal & General Westpac Banking Corp National Australia Bank |
| Wednesday, 16 | Tencent Holdings Aviva |
| Thursday, 17 | Alibaba Walmart Inc Newcrest Mining |
| Tuesday, 22 | Polymetal Zoom |
| Wednesday, 23 | Woolworths NVIDIA Salesforce |
| Thursday, 24 | HP |
| Friday, 25 | Telstra Wesfarmers |
| Wednesday, 30 | Pernod Ricard Lululemon Athletics Imperial Brand National Grid |
Take a look at our earnings calendar for more.
When you trade on earnings season with us, you’ll do so via CFDs. This’ll allow you to predict what the markets will do and make a profit if you predict correctly – whether the share price rises or drops.
CFDs are leveraged, meaning you’ll put down a fraction of the full value of your trade size – known as margin – to open a larger position. Just note that leveraged trades are risky, as your total profit or loss will be calculated on the full position size, not your margin amount, so both can substantially outweigh your initial outlay.
Are you ready to trade earnings season? Create a live account now.
Most anticipated earnings releases – September 2023
Make the most of earnings announcements with our extended hours ‘All Sessions’ offering, which enables you to access 90+ of the most popular equities before and after the main market session.
* Please note: (i) the list of companies below does not construe investment advice; (ii) the dates shown include both confirmed (for those companies who have published their earnings dates) and estimated (for those companies who have not).
Take a look at our earnings calendar for more.
When you trade on earnings season with us, you’ll do so via CFDs. This’ll allow you to predict what the markets will do and make a profit if you predict correctly – whether the share price rises or drops.
CFDs are leveraged, meaning you’ll put down a fraction of the full value of your trade size – known as margin – to open a larger position. Just note that leveraged trades are risky, as your total profit or loss will be calculated on the full position size, not your margin amount, so both can substantially outweigh your initial outlay.
Are you ready to trade earnings season? Create a live account now.
Earnings season stocks to watch
- Inflation-beating stocks
- Tech stocks
- Bank stocks
- Travel stocks
- Telecoms stocks
Despite high interest rates, in the UK inflation continues to rise. For other countries in the G7, however, it’s a different story where inflation seems to have peaked and is slowly starting to decrease.
The same is true for the US where there was an expectation that the Federal Reserve (Fed) had begun to pause interest rate increases. Following the recent unemployment figures however, which were much lower than expected, it’ll be interesting to see if this approach continues, or whether the Fed feels the need to push rates higher still.
In this increasingly hawkish environment, the spotlight is on inflation-beating stocks for earnings season. Also called ‘defensive stocks’, these are companies known to provide progressive dividends and able to weather inflation.
Here are some defensive stocks to watch, which have inflation-beating reputations:
Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.
Whilst tech stocks generally don’t perform well during periods of high inflation, the recent hype around AI has bucked this trend and they continue to succeed despite the inflationary environment.
Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.
Following the problems with SVB and Credit Suisse earlier in the year, the wider banking sector has seen a downturn as investor sentiment remains cautious and uncertainties around their stability persist, particularly if interest rates continue to rise.
Despite this, the larger, more established banks have seen an increase in deposits as customers look to invest their money into what they perceive to be more stable, lower risk options. Although these stocks have been more volatile than usual over the past couple of months, they’re starting to show signs of recovery. Particularly after the Federal Reserve’s most recent Supervisory Stress Test where all 23 banks involved passed.
Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.
Travel stocks have certainly been on a journey in the last few years. With Covid 19 restrictions having become a thing of the past, travel stocks are on the rise and 2023 is set to become the first year since 2019 where air travel becomes profitable.
That said, travel stocks don’t tend to do well during periods of high inflation, but the pent-up demand following the pandemic has enabled a strong performance. But with high inflation causing prices to significantly rise, stock performance may begin to drop.
It’s also worth noting that the unstable geo-political situation with the Russo-Ukrainian war has the potential to cause more disruption. So it’s worth keeping an eye on the impact this may have.
Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.
It is anticipated that telecommunications stocks will remain stable and grow steadily in the coming year.
With the merger between Vodafone and Three UK expected to be finalised in the coming months, the UK takes another step towards full 5G coverage. It’s worth keeping an eye on the whole 5G supply chain, from chip makers to providers.
Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.
What is an earnings season?
An earnings season is a quarterly period in which most public companies release their earnings reports. With these financial results releases instrumental in companies’ share prices, many traders and investors look forward to earnings season as a highlight on the calendar.
Quarterly reports are mandatory in the US. However, a large majority of companies from other countries, like the UK, choose to participate in earnings seasons due to the increasingly multinational nature of many sectors.
- When is earnings season
- Why are earnings seasons important
- Ways to trade earnings seasons
- What is an earnings report and call
- How to trade earnings reports
Earnings seasons occur four times a year and fall in the months of January to February, April to May, July and September to November. These are usually a couple of weeks after the final month of each financial quarter (end of December, March, June and August).
Although it’s not uncommon for companies to report outside of earnings seasons, large companies’ releases tend to fall within a few weeks of each other, leading to four discernible ‘seasons’ every year.
For more specific details, you can look at our earnings calendar to find out the exact date of a company’s earnings announcement.
Earnings announcements are released outside of market hours so that the reports reach as many people as possible and don’t interrupt the trading day. While this usually means you can’t take a position immediately, with us you can trade over 90 US stocks out of hours.
Earnings season gives insights into the outlook of a company and can help you to determine whether to take a position on the stock.
This is why earnings releases are usually accompanied by volatility in a company’s share price, because market sentiment is adjusting to the reports. Even more volatility is expected once CEOs have provided more information in earnings calls.
Market analysts will form estimates of whether a company’s earnings will rise or fall, which can change as it gets closer to the official announcement. If the actual numbers are above analysts’ expectations, the market could rise. But if the figures are below expectations, it’s likely that the market will fall.
It’s worth noting that this isn’t always the case. Sometimes, the market can move in the complete opposite direction – rising when the expectations aren’t met, and falling when the earnings exceed expectations.
It’s also important to look at a company’s historical figures for predicted and actual earnings and how the market responded to the reports. This could help you form an educated guess as to how volatility might play out.
When analysts’ expectations of a company’s earnings per share are in line with pre-released earnings guidance for that quarter, there tends to be little volatility. Just remember, the opposite is also true.
Trade via CFDs
Take advantage of both rising and falling markets with these derivative products. CFDs are also leveraged, so you can open a position for less – just remember, leverage comes with increased risk.
Find out more about CFDs.
An earnings report is a document given to shareholders and analysts that details items such as net income, earnings per share (EPS) and net sales.
An earnings call is a conference between the management of a company, analysts, investors and the media to discuss the outcome of an earnings report. It is a chance for questions to be asked about the main details of the reports.
Depending on when a company holds its earnings call, you can use the information to inform their decisions. However, not all companies hold earnings calls, and some will not fall within the earnings period.
- Choose which companies to focus on
It’s impossible to cover every company, so just stick to a few of your favourites. - Do your research and look at analysis
Find out when each company is due to report its earnings, see what analysts expectations are and how the share price normally responds. - Create a trading strategy and stick to it
Choose your goals, methodology for entering and exiting trades, and how you will manage your risk. - Open a trading account and take your first position
You can monitor your trade easily on our platform, or set price alerts to let you know when your targets are met. - Learn from each earnings season
Once you decide to close your trade, it’s important to review your results and perform post-analysis to prepare you for the next earnings season.
Why trade earnings season with us?
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*IG Group’s total markets
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Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000* global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
We have over 45 years of experience offering a truly market-leading service
*IG Group’s total markets
Keep up to date on earnings reports
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Breaking news and analysis
Get updates before and after company earnings from our in-house market experts.
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Apple’s Q3 earnings preview: Resilience may be the story but has much been priced?
2023-07-21T10:29:13+0100
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