Several stocks due to report earnings this week could see large moves in the wake of those numbers. Second-quarter earnings season began in earnest last week with some of the largest banks on Wall Street including Citigroup and JPMorgan Chase , in addition to Delta Air Lines and PepsiCo . With roughly 5% of S & P 500 companies having already reported earnings, firms within the broad market index have notched more than 18% earnings growth, according to FactSet data.
Pro screened FactSet data for stocks that could see strong post-earnings moves, up or down, based on investors' expectations in the options market. Here are the names that made the cut. Netflix reports second-quarter results on Thursday. Stock in the media platform has surged about 35% in 2024. Netflix has one of the highest implied moves on the screen, at 7.4%, according to FactSet data.
mountain Netflix stock. Analysts polled by LSEG expect Netflix to report earnings per share growth of about 40%. D.R. Horton shares are also expected to react to its latest financial release. The stock is up about 1% from the start of the year. Shares of the homebuilder are seen moving 5%, based on implied probabilities in the options market. The firm is set to report results for the fiscal third-quarter ended June 30 this coming Thursday. D.R.