Earnings Onslaught On The Way
As we noted in today’s Morning Lineup, we may technically be in the midst of earnings season, but we have yet to see too heavy of a slate of reports. We are kicking off this week with another quiet day with only 11 reports scattered before and after the bell. Earnings will ramp up dramatically starting tomorrow, though, with the calendar remaining busy through the next month. As shown in the snapshot from our Earnings Explorer tool below, after today there will be another nearly 200 reports scheduled for this week alone.
While the number of stocks reporting will remain high through February, this week and next will see the bulk of companies in terms of market cap. In the chart below from last Friday’s Bespoke Report, we show each day’s daily market cap of S&P 500 companies scheduled to report earnings through the end of February. Through next Friday alone, a combined $19.8 trillion in market cap will report, or 57% of the S&P 500’s total market cap. That includes the mega-cap names with Microsoft (MSFT) leading things off tomorrow followed by Tesla (TSLA) on Wednesday. Next Thursday, the combined $4.3 trillion in market cap from Apple (AAPL), Alphabet (GOOGL), and Amazon (AMZN) will all be out on the same day. After that, Berkshire Hathaway (BRK-B) will be the last remaining mega-cap stock to report earnings, and that will not be until February 27th.
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To keep track of all upcoming earnings reports, be sure to check out our Earnings Explorer.