Earnings season

Start taking advantage of price movements caused by earnings seasons. Go long or short on a huge range of stocks with us, including 70 key stocks that you can trade out of hours.

Start trading today. Call 0800 195 3100 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Start trading today. Call 0800 195 3100 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

What to watch this earnings season

The earnings season that starts in July 2020 marks the first time companies will report how the Covid-19 pandemic has impacted them. It’ll be important to look at both companies that are expected to have been positively affected by the lockdown measures, and those that have suffered.

  • Stay-at-home stocks
  • Remote working stocks
  • Coronavirus vaccine stocks
  • Travel stocks
  • Bank stocks
  • 5G stocks

Investors rallied around these shares in the expectation that they would gain in value, as consumers sought out ways to cope with life in lockdown. As a result, many entertainment companies, home delivery firms and exercise equipment makers saw an uptick in sales and their share prices.

As the economy reopens, these stocks could become less popular. It will be interesting to see what effect their time in the spotlight has had on their bottom lines this earnings season.

US stocks to watch: Netflix, Disney, Peloton and Amazon

UK stocks to watch: Games Workshop, Saga, Ocado and Sainsbury’s

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Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.

While remote working isn’t new, these companies became extremely popular as businesses who could facilitate their employees working from home switched to online platforms.

Examples include: Zoom, Dropbox, Microsoft and Alphabet

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Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Pharmaceutical, biopharmaceutical and life sciences companies are all racing to find a vaccine against Covid-19, as well as diagnosis tests to help combat the virus.

Some are further ahead in trials than others. It’s likely that the first company to release a successful vaccination will see a massive impact on its share price – this makes it important to understand where each company is at in terms of their research and progression.

US stocks to watch: Inovio Pharmaceuticals, Moderna, Pfizer and Novavax

UK stocks to watch: GlaxoSmithKline, Hikma Pharmaceuticals and Synairgen

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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 companies were among the first to be impacted by lockdown measures – causing falling demand for flights, hotels and entertainment venues such as casinos. The mass cancellations of holidays could result in enormous losses and difficulties paying off any fixed costs.

As lockdown measures ease, there is the potential for these stocks to see gains again. But until travel between countries is back up and running, demand will be limited.

US stocks to watch: Boeing, American Airlines Group, Penn National Gaming and Eldorado Resorts

UK stocks to watch: IAG, easyJet and Ryanair

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Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Low interest rates could impact bank stocks significantly this earnings season, as well as the decline in demand for services such as asset management and foreign exchange.

Many analysts are expecting a slow. The associated unemployment and loan losses could then play out on the banks’ profits.

US stocks to watch: Wells Fargo, JPMorgan Chase, Citigroup and Goldman Sachs

UK stocks to watch: Lloyds, Barclays, RBS and HSBC

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Prices above are subject to our website terms and conditions. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Many smartphone stocks took a beating in the coronavirus slowdown, but proponents of the 5G wireless market believe it could boost earnings again. The introduction of this tech has also been slowed by the pandemic, but some major providers have started introducing coverage.

It’s worth keeping an eye on the whole supply chain, from chip makers to providers.

US stocks to watch: Analog Devices, Verizon and Sprint

UK stocks to watch: BT and Vodafone

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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 earnings season?

An earnings season is a period in which most public companies release their earnings reports.

Quarterly reports are mandatory in the US but not in the UK. However, a large majority of UK companies choose to partake in earnings seasons due to the increasingly multinational nature of many sectors.

  • When is earnings season
  • Why is it important
  • Ways to trade earnings season
  • What is an earnings report and call
  • How to trade earnings reports

Earnings season usually starts a couple of weeks after the final month of a financial quarter – December, March, June and September. Earnings seasons therefore fall in January, April, July and October.

Although it is not uncommon for companies to report outside of earnings seasons, large companies’ releases tend to fall within earnings seasons.

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 70 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 chief executive officers (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 is 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 is 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.

For example, when analysts’ expectations of Apple’s earnings per share are in line with expectations, there tends to be little volatility. However, in Q4 2019, when earnings significantly beat estimates, the APPL share price had increased by 1% in after-hours trading and within four days it had risen in price by 4%.

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Take advantage of both rising and falling markets with these derivative products. Spread bets and CFDs are also leveraged, so you can open a position for less – just remember, leverage does comes with increased risk.

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Find out more about our share dealing service.

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.

  1. Choose which companies to focus on
    It’s impossible to cover every company, so just stick to a few of your favourites.
  2. 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.
  3. Create a trading strategy and stick to it
    Choose your goals, methodology for entering and exiting trades, and how you will manage your risk.
  4. 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.
  5. 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.

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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

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

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Earnings season report calendar: key events

Take a look at some of the most anticipated UK and US earnings announcements – including the expected date and time of the report, as well as analysts’ earnings estimates.

Company Earnings release date EPS estimate*
Sainsbury’s 1 July TBC Trade now
Ocado 14 July TBC Trade now
Wells Fargo 14 July $0.21 Trade now
JPMorgan Chase 14 July $0.97 Trade now
Netflix 15 July $1.81 Trade now
easyJet 16 July TBC Trade now
Boeing 22 July -$2.22 Trade now
Facebook 22 July $1.37 Trade now
American Airlines Group 23 July -$7.8 Trade now
Amazon 23 July $1.27 Trade now
Unilever 23 July TBC Trade now
Lloyds Banking Group 30 July TBC Trade now
Disney 4 August -$0.54 Trade now
Zoom 5 September $0.42 Trade now
Alphabet September $10.39 Trade now
Uber September -$0.63 Trade now
Beyond Meat September $0.03 Trade now

*EPS estimates correct as of 8/6/2020 – please note, they may change nearer the date of earnings announcements.

Take a look at our earnings calendar for more.

Are you ready to trade earnings season? Create a live account now.

Keep up to date on earnings reports

Set trading alerts

Never miss out on earnings announcements with our free automated trading alerts. Choose from:

  • Price alerts. Get notified when a market moves by a certain percentage or amount in points
  • Technical indicator alerts. Use popular indicators to signal your ideal market conditions
  • Economic alerts. Just select your chosen event in our economic calendar to receive an alert

Breaking news and analysis

Get updates before and after company earnings from our in-house market experts.

Compare our costs

Buy 17 Tesla shares at $750 with a FX rate of 1.305 (GBP/USD).

Please note, when you buy and sell shares with spread bets and CFDs, you will only be speculating on the underlying market price – not taking ownership of the shares.

Spread betting CFD trading Share dealing
Action Go long at £0.13/pt Go long on 17 shares Buy 17 shares
Capital required to open £2000 $2550 $12,750
Charge to open £0.52 (spread) $15.00 (commission) $0**
Round trip FX conversion fee - 0.5% FX conversion on CFD profits/losses* $127.50
Overnight funding £1.12 $1.48 -
Charge to close £0.52 (spread) $15.00 (commission) $0**
Total fees £2.16 £24.24 £97.70

This information is correct as of 10/06/2020 and with the corresponding FX conversion rates.

*When you trade in a currency other than your account’s base currency.
** Trade in your share dealing account three or more times in the previous month to qualify for our best commission rates. Please note published rates are valid up to £25,000 notional value. See our full list of share dealing charges and fees.

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1 Deal three or more times in the previous month to qualify for our best commission rates.
2 Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. Best trading app as awarded at the ADVFN International Financial Awards 2020.
3 Based on revenue excluding FX (published financial statements, June 2020)

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.