19 S&P 500 companies reported earnings October 12-16. 63% beat analysts' earnings estimates, below the 19-year average of 74% and 26% beat on revenue. Reactions were uneven: the typical beat moved the stock -0.3% and the typical miss -4.2%. The biggest reaction was Marsh McLennan (+4.6%); the worst was Johnson & Johnson (-5.7%). Johnson & Johnson fell 5.7% after it beat estimates, despite a raised outlook1.
| Company | Sector | Result | Stock reaction | Also in the news |
|---|---|---|---|---|
| Marsh McLennan (MRSH) | Financials | beat | +4.6% | – |
| BNY Mellon (BNY) | Financials | beat | +3.2% | – |
| U.S. Bancorp (USB) | Financials | matched | +2.0% | – |
| Fastenal (FAST) | Industrials | beat | +1.1% | – |
| BlackRock (BLK) | Financials | beat | +0.7% | After a new partnership2. |
| UnitedHealth Group (UNH) | Health Care | beat | -0.2% | Despite a raised outlook3. |
| Goldman Sachs (GS) | Financials | beat | -0.2% | After the company cut its outlook4, despite an analyst upgrade5. |
| PNC Financial Services (PNC) | Financials | beat | -0.4% | – |
Reaction = the stock's move on the first trading day that could respond to the report (that day for reports before the open, the next day for reports after the close).
| Company | Sector | Result | Stock reaction | Also in the news |
|---|---|---|---|---|
| Johnson & Johnson (JNJ) | Health Care | beat | -5.7% | Despite a raised outlook1. |
| Citigroup (C) | Financials | beat | -5.6% | – |
| Bank of America (BAC) | Financials | missed | -4.8% | – |
| Domino's (DPZ) | Consumer Discretionary | beat | -4.8% | – |
| Progressive (PGR) | Financials | missed | -4.2% | – |
| State Street (STT) | Financials | missed | -4.1% | – |
| Wells Fargo (WFC) | Financials | matched | -3.1% | – |
| Morgan Stanley (MS) | Financials | beat | -2.7% | Despite a raised outlook6 and an analyst upgrade7. |
3 companies beat estimates and still fell more than 3%, including Johnson & Johnson, Citigroup, Domino's: a beat that was already expected, or weaker guidance, can outweigh the headline number.
| Company | Sector | Result | Stock reaction |
|---|---|---|---|
| JPMorgan Chase (JPM) | Financials | missed | -0.9% |
| Johnson & Johnson (JNJ) | Health Care | beat | -5.7% |
| UnitedHealth Group (UNH) | Health Care | beat | -0.2% |
| Bank of America (BAC) | Financials | missed | -4.8% |
| Morgan Stanley (MS) | Financials | beat | -2.7% |
| Goldman Sachs (GS) | Financials | beat | -0.2% |
| Wells Fargo (WFC) | Financials | matched | -3.1% |
| Citigroup (C) | Financials | beat | -5.6% |
| BlackRock (BLK) | Financials | beat | +0.7% |
| Charles Schwab (SCHW) | Financials | matched | -2.7% |
Subscribers see where the model ranks every company after its report, and whether the model portfolio holds it.
See plansReported results and estimates from the earnings calendar; reactions from Torvanta's price data. Research only, not investment advice or a recommendation to buy or sell any security. Rankings change as data changes and can be wrong. Torvanta and its founder may hold positions in securities discussed. Past performance does not guarantee future results.