Here are the 5 biggest winners and losers of earnings season

Daniel StraussNov 8, 2019, 18:45 IST

Finn Wolfhard, Gaten Matarazzo, Millie Bobby Brown, Noah Schnapp, and Caleb McLaughlin at the The 23rd Annual Screen Actors Guild Awards.Frazer Harrison/Getty Images

Third-quarter earnings seasons is almost wrapped up, with the vast majority of S&P 500 companies have reported as of the beginning of November, according to Bank of America Merrill Lynch.
Earnings results are pointing to an overall 2% bottom-line beat for quarter, BAML's analysts wrote in note to clients on November 3.
Here are five of the biggest winners and losers from the third-quarter earnings season.
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With earnings season winding down, Markets Insider took a look at some of biggest winners and losers from the third quarter now that the vast majority of companies have reported.

According to analysts from Bank of America Merrill Lynch, overall S&P 500 earnings will come in about 2% above estimates.

"While still below peak levels, corporate margins have remained resilient despite tariffs and wage inflation," the firm wrote in a note to clients on November 3.

Investors and analysts have likely been looking for signs of a slowing economy in the form of pressured earnings as uncertainty around the US-China trade war and global growth concerns persisted throughout the quarter.

UBS expects an earnings recession could be on the horizon amid a cloudy macroeconomic backdrop. The firm wrote in a note to clients on Tuesday that the year-over-year growth rate for S&P 500 forward earnings has fallen to less than 1%, from 23% about 14 months ago.

Markets Insider compiled a list of companies that posted strong single-day share gains following their earning's releases, in addition to stocks that plunged after disappointing results.

Here are five of the biggest winners and losers from the third-quarter earnings season. Each group is listed in increasing order of single-day stock move:

See Here are the 5 biggest winners and losers of earnings season >>

Winner #5: Netflix

Ticker: NFLX

Single-day stock move: 11%

Key numbers from Netflix third-quarter earnings:

Revenue: $5.244 billion, compared to $5.248 billion expected by analysts
Earnings per shares: $1.47, versus $1.04 forecasted by analysts
Net income: $665 million, compared to $573.75 million estimated by analysts
Net international subscriber additions: 6.26 million, compared to 6 million estimated by analysts
Net subscriber additions: 6.8 million, compared to the range of 6.8 million to 7 million expected by Wall Street

Winner #4: Kraft Heinz

Ticker: KHC

Single-day stock move: 11.8%

Key numbers from Kraft Heinz's third-quarter earnings:

Revenue: $6.08 billion, versus the $6.13 billion estimate
Adjusted earnings per share: 69 cents, versus the 53 cents estimate

Winner #3: General Electric

Ticker: GE

Single-day stock move: 14%

Key numbers from General Electric third-quarter earnings:

Revenue: $23.36 billion reported versus $28.77 billion (expected)
Earnings per share: 15 cents reported versus 12 cents (expected)

Winner #2: Spotify

Ticker: SPOT

Single-day stock move: 19%

Key numbers from Spotify third-quarter earnings:

Revenue: 1.73 billion euros, versus the 1.72 billion euro estimate
Adjusted earnings per share: 0.36 euros, versus the -0.182 euro estimate
Operating profit: 54 million euros, versus the -23.5 million euro estimate
Monthly active users: 248 million, versus the 243.4 million estimate

Winner #1: Tesla

Ticker: TSLA

Single-day stock move: 20%

Key numbers from Tesla third-quarter earnings:

Earnings per share: $1.86, versus the -$0.24 estimate
Revenue: $6.30 billion, versus the $6.45 billion estimate
Gross margin: 18.9%, versus the 17.7% estimate
Q3 vehicle deliveries: 97,000, versus an estimated 95,000 to 100,000

Loser #5: McDonald's

Ticker: MCD

Single-day stock move: (-4%)

Key numbers from McDonald's third-quarter earnings:

Revenue: $5.43 billion, compared to $5.48 billion expected by analysts
Earnings per share: $2.11, versus $2.21 estimated by analysts
Net income: $1.61 billion, versus $1.69 billion forecasted by analysts

Loser #4: Uber

Ticker: UBER

Single-day stock move: (-7.4%)

Key numbers from Uber third-quarter earnings:

Earnings: -68 cents per share versus -63 cents per share (expected)
Revenue: $3.8 billion versus $3.4 billion (expected)
Net income: -$1.1 billion, in line with expectations

Loser #3: Shake Shack

Ticker: SHAK

Single-day stock move: (-19%)

Key numbers from Shake Shack third-quarter earnings:

Earnings per share: $0.26, adjusted, versus $0.20 (expected)
Revenue: $157.8 million, versus $157.9 million (expected)
Same-store sales growth: 2%, versus 2.9% (expected)

Loser #2: Pinterest

Ticker: PINS

Single-day stock move: (-24%)

Key numbers from Pinterest's third-quarter earnings:

Revenue: $279.7 million reported versus $282.1 million (expected)
Earnings per share: 1 cent, excluding some items, reported, versus -4 cents (expected)

Loser #1: GrubHub

Ticker: GRUB

Single-day stock move: (-40%)

Key numbers from GrubHub's third-quarter earnings:

Revenue: $322 million reported versus $330 million (expected)
Earnings per share: 27 cents reported versus 27 cents (expected)

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