This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Groupon, TripAdvisor, Disney Wake Up Bears Despite Earnings: StockTwits

NEW YORK (TheStreet) -- Earnings are nearly over and most companies are surpassing consensus estimates. But there's considerable debate on concerning whether the beats are really a bullish sign for the overall market.

Earnings season is 80% over at this juncture ? 75% of companies are beating on EPS and 52% are beating on revenues. $SPY $QQQ $VXX $BAC $DIS

? Spencer McLeod (@Spencer_McLeod) May. 6 at 04:31 PM

@Spencer_McLeod NON GAAP junk earnings, revised down

? Gary Fitton (@MaxDamage) May. 6 at 05:10 PM

According to a May 2 FactSet report, though nearly 75% of companies are beating on earnings, they're not doing it on strong sales. Only about half of companies that reported have topped Wall Street consensus estimates for revenue.

The difference raises questions about whether the earnings beats are sustainable. After all, most companies can only cut so much fat before they slice critical operations too.

Also, the companies beating are topping reduced estimates.

#Earnings expectations fell 4% during Q1. A decline of 0.4% is now anticipated. $SPX @CNBCAlex

? FactSet (@FactSet) Apr. 2 at 03:41 PM

Perhaps more concerning, companies are not expecting stronger sales growth in the future. A majority of companies that reported by last week -- 53% -- issued negative guidance for the second quarter.

Whole Foods (WFM) added to the negative guidance group Tuesday night when it missed consensus estimates on both earnings and revenue, and cut guidance. The stock fell nearly 22% by midday Wednesday.

StockTwits' investors are split on the market's direction.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GRPN $3.76 0.00%
TRIP $67.48 0.00%
AAPL $111.60 0.00%
FB $93.50 -0.81%
GOOG $646.67 0.00%


Chart of I:DJI
DOW 17,131.86 +47.37 0.28%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,838.6430 +8.1730 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs