At a glance: 8 S&P 500 names report today — Coca-Cola, Boeing, S&P Global, Corning and HCA Healthcare before the open, Visa, Seagate Technology and Waste Management after the close.
The tape ahead
Visa closes the day’s calendar after the bell with its fiscal fourth-quarter and full-year print, the last major read on consumer card spending before the holiday season. Consensus EPS of $3.44 (up 15.4% YoY) and revenue of $12.09B (up 12.8% YoY) point to another quarter of double-digit growth, carried by value-added services and cross-border volume rather than core payments alone. The one wrinkle: margins compressed last quarter, with gross margin down 4.8 points to 76.5% and net margin down 5.2 points to 48.4%, a gap worth watching given that trailing EPS growth has slowed sharply on a one-year view (4.9%) against a low-to-mid-teens pace over three, five and ten years. The 3.5% implied move is rich against Visa’s own 1.0% average swing and an unblemished eight-for-eight beat streak, including a 2.8% beat last quarter. Read-across extends to the broader card-network and payments complex on whether cross-border and premium spending are still accelerating into year-end.
Coca-Cola opens the pre-open slate against a setup management has already called easy on volume — last year’s quarter had flat volumes — but demanding on margin. Consensus EPS of $0.88 (up 7.3% YoY) and revenue of $12.93B (up 4.1% YoY) look for a pricing-led quarter, with the company having raised its full-year outlook over the summer to roughly 5% organic revenue growth and a high-single-to-low-double-digit comparable EPS gain. Margins already back that up: net margin improved 1.6 points to 33.1% last quarter while gross margin held essentially flat at 62.9%. The 3.3% implied move sits close to Coke’s own 2.9% average swing — a fair rather than rich premium — against a perfect eight-for-eight beat streak and a 4.1% beat last time out. Read-across extends to the rest of the staples complex on whether pricing power is still offsetting soft volumes heading into 2027.
Boeing reports before the open into a setup still defined by production stabilization rather than profitability: consensus calls for a per-share loss of $0.20 (range -$0.59 to $0.17) against revenue of $24.37B, up 4.7% YoY. The comparison is against a brutal year-ago base — Boeing lost $7.47 a share in last year’s quarter on program charges, too large a swing to express as a clean percentage — so the market’s focus sits less on the headline loss than on whether the 737 ramp toward 47 a month (with 52 the next milestone) is holding, deliveries are tracking toward this year’s roughly 500-plane target, and free cash flow stays positive despite a $700M payment tied to the Justice Department settlement. Gross margin improved 3.9 points to 11.5% last quarter, a tangible sign of production stabilization, even as net margin stayed roughly breakeven at -0.02%, down sharply from the quarter before. The 5.1% implied move is modestly above Boeing’s own 4.0% average swing, against a 50% beat rate and a sharp miss last quarter. Read-across extends to Airbus and the broader aerospace supply chain on whether the production ramp is translating into deliveries without new quality setbacks.
Seagate closes the day after the bell with the quarter the AI-storage bull case most hinges on. Consensus EPS of $7.43 is up 184.7% YoY and revenue of $4.15B up 57.9% YoY — both near the high end of management’s own guide of $7.30 (±$0.20) and roughly $4.1B — but the comparison carries a flag against a low year-ago base: that quarter predates the current AI-driven mass-capacity demand surge, when gross margin ran in the high-30s versus the low-50s now. Margins back the structural story: gross margin rose 5.8 points to 52.3% last quarter and net margin jumped 11.6 points to 35.7%, with management pointing to a new pricing regime as nearline capacity gets committed years out. The 10.1% implied move is roughly three times Seagate’s own 3.4% average swing — a rich premium even against a perfect eight-for-eight beat streak and a 12.1% beat last quarter — reflecting how much is riding on confirmation that demand, and pricing, hold. Read-across extends to Western Digital and the broader AI-storage supply chain on capacity visibility into 2027 and beyond.
S&P Global reports before the open with a headline comparison muddied by portfolio change rather than weaker demand: consensus EPS of $4.42 (down 6.6% YoY) and revenue of $3.64B (down 6.3% YoY) reflect the Mobility business’s spin-off earlier this year, which strips a unit out of this year’s base without an equivalent carve-out in the year-ago comparison — the underlying story is still Ratings and Indices growth riding strong bond issuance, against a Market Intelligence segment management has flagged for elongated renewal cycles. Net margin compressed 4.1 points to 29.4% last quarter even as gross margin improved 1.5 points to 71.9%. The 5.2% implied move is only modestly above the stock’s own 4.2% average swing, against a 75% beat rate and a 2.9% miss last quarter — the one blemish on an otherwise consistent record. Read-across extends to Moody’s and the broader ratings-and-data-and-analytics group on issuance trends into year-end.
Corning opens the pre-open slate on the strength of its AI-driven optical build-out: consensus EPS of $0.88 (up 31.3% YoY) and revenue of $5.03B (up 17.8% YoY) sit squarely inside management’s own guide of $0.85–$0.89 core EPS and $4.9–$5.0B core sales issued in July, itself already a sharp acceleration from prior quarters — trailing one-year EPS growth of 214.7% towers over the roughly 6% pace Corning posted over three and ten years. Optical Communications and Gen-AI networking products are the swing factor, set against a Solar segment still ramping capacity more slowly than hoped, the more likely explanation for gross margin easing 0.7 points to 36.1% last quarter even as net margin improved 3.5 points to 12.4%. The 8.7% implied move runs moderately above Corning’s own 6.2% average swing, against a perfect eight-for-eight beat streak and a 3.5% beat last quarter. Read-across extends to the broader optical-networking and AI-data-center supply chain on whether the current capacity build cycle still has room to run — management has previously sized its emerging Photonics opportunity at $10B by 2030, with little of that yet in the numbers.
HCA Healthcare reports before the open against a lowered bar: management cut full-year EPS guidance in July to $28.70–$30.50 from $29.10–$31.50 and narrowed revenue guidance to $77–$79.5B, largely on uninsured-patient mix from exchange-coverage losses that cut an estimated $400M from pretax income last quarter, mostly offset by Florida-heavy Medicaid supplemental payments. Consensus EPS of $6.63 (down 4.7% YoY) against revenue of $19.33B (roughly flat, up 0.9% YoY) reflects that caution, and the $5.83–$7.35 estimate range — wide relative to the headline number — suggests the offsetting payment dynamics are hard to model precisely. Gross margin improved 3.0 points to 44.8% last quarter while net margin held essentially flat at 8.4%, and admissions growth of 2.5–2.7% last quarter sat within the original 2–3% full-year range even as surgical volumes softened. HCA has no weekly options around this print; the nearest expiry is the November monthly, so the 9.1% straddle spans more than three weeks rather than pricing the print alone, and shouldn’t be read against the 4.1% average one-day move the way a same-week straddle would. The hospital operator’s own beat rate stands at 88%. Read-across extends to the broader for-profit hospital group on how the exchange-subsidy expiration and Medicaid supplemental-payment dynamics are playing out across operators.
Waste Management closes the day after the bell with the Stericycle integration as the central swing factor: consensus EPS of $2.18 is up 10.1% YoY and revenue of $6.81B up 5.8% YoY, continuing a trajectory management has said is running ahead of plan, even as trailing one-year EPS growth is negative (-1.6%) against a low-to-mid-teens pace over five and ten years — a gap that points to integration and acquisition-related costs weighing on the recent stretch even as the current quarter’s consensus implies renewed growth. Margins have been essentially flat, with gross margin up 0.2 points to 40.8% and net margin up 0.1 point to 11.7% last quarter, as the company works toward a 2.5x–3x leverage target from 3.3x at last check. Waste Management has no weekly options around this print; the nearest expiry is the November monthly, so the 5.4% straddle spans more than three weeks rather than the print alone, and compares against a modest 0.7% average one-day move with a 62% beat rate — the softest beat record of today’s names. Read-across extends to the broader waste and environmental-services group on pricing discipline and integration costs across the sector.
| Company | Time | Cons. EPS | EPS range | EPS YoY | Rev. cons. | Rev. YoY | GM / NM prev.Q | Implied move | Hist. avg | Beat rate | EPS 1Y | EPS 3Y | EPS 5Y | EPS 10Y |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Visa Inc. V Financials · $758.75B | After-close | $3.44 | $3.39 – $3.48 · 31 est | +15.4% | $12.09B | +12.8% | 76.5% / 48.4% -4.8 / -5.2 pp | 3.5% | 1.0% | 100% | +4.9% | +13.4% | +15.9% | +14.8% |
Coca-Cola Company (The) KO Consumer Staples · $398.85B | Pre-open | $0.88 | $0.85 – $0.89 · 18 est | +7.3% | $12.93B | +4.1% | 62.9% / 33.1% -0.1 / +1.6 pp | 3.3% | 2.9% | 100% | +23.5% | +11.5% | +11.1% | +6.2% |
Boeing BA Industrials · $148.83B | Pre-open | $-0.20 | $-0.59 – $0.17 · 21 est | — | $24.37B | +4.7% | 11.5% / -0.0% +3.9 / -34.3 pp | 5.1% | 4.0% | 50% | — | — | — | -8.9% |
Seagate Technology STX Information Technology · $146.49B | After-close | $7.43 | $7.29 – $7.85 · 20 est | +184.7% low year-ago base | $4.15B | +57.9% | 52.3% / 35.7% +5.8 / +11.6 pp | 10.1% | 3.4% | 100% | +105.4% | — | +21.0% | +32.7% |
S&P Global SPGI Financials · $132.85B | Pre-open | $4.42 | $4.26 – $4.55 · 20 est | -6.6% | $3.64B | -6.3% | 71.9% / 29.4% +1.5 / -4.1 pp | 5.2% | 4.2% | 75% | +18.7% | +12.8% | +8.7% | +13.3% |
Corning Inc. GLW Information Technology · $109.81B | Pre-open | $0.88 | $0.81 – $0.90 · 13 est | +31.3% | $5.03B | +17.8% | 36.1% / 12.4% -0.7 / +3.5 pp | 8.7% | 6.2% | 100% | +214.7% | +6.1% | +22.5% | +6.3% |
HCA Healthcare HCA Health Care · $100.73B | Pre-open | $6.63 | $5.83 – $7.35 · 20 est | -4.7% | $19.33B | +0.9% | 44.8% / 8.4% +3.0 / -0.1 pp | 9.1% monthly expiry, 24d out | 4.1% | 88% | +28.8% | +13.9% | +21.0% | +19.0% |
Waste Management WM Industrials · $96.34B | After-close | $2.18 | $2.08 – $2.35 · 24 est | +10.1% | $6.81B | +5.8% | 40.8% / 11.7% +0.1 / +0.1 pp | 5.4% monthly expiry, 24d out | 0.7% | 62% | -1.6% | +7.5% | +13.7% | +15.0% |
Also reporting today
Beyond the marquee eight, 34 more S&P 500 names round out the day. The sharpest year-on-year swings sit in industrials and materials — Freeport-McMoRan’s consensus implies EPS up 66% YoY on copper price strength, with Johnson Controls and Paccar both consensus-implied above 25% — while payments and logistics skew the other way, with UPS and PayPal both consensus-implied lower YoY. Teradyne and Centene carry flagged comparison bases (a low year-ago print for Teradyne, an outsized one for Centene) worth reading as base effects rather than clean growth or decline.
| Company | Time | Cons. EPS | EPS YoY | Rev. cons. | Rev. YoY |
|---|---|---|---|---|---|
Freeport-McMoRan FCX Materials | Pre-open | $0.83 | +66.0% | $7.40B | +6.1% |
Johnson Controls JCI Industrials | Pre-open | $1.58 | +25.4% | $7.04B | +9.3% |
American Tower AMT Real Estate | Pre-open | $1.63 | -10.4% | $2.76B | +1.5% |
United Parcel Service UPS Industrials | Pre-open | $1.62 | -6.9% | $22.28B | +4.0% |
Robinhood Markets HOOD Financials | After-close | $0.55 | -9.8% | $1.43B | +12.5% |
Sherwin-Williams SHW Materials | Pre-open | $3.69 | +2.8% | $6.78B | +6.6% |
Ecolab ECL Materials | Pre-open | $2.17 | +4.8% | $4.70B | +12.8% |
Hilton Worldwide HLT Consumer Discretionary | Pre-open | $2.37 | +12.3% | $3.37B | +8.0% |
Illinois Tool Works ITW Industrials | Pre-open | $2.97 | +5.7% | $4.25B | +4.8% |
Royal Caribbean Group RCL Consumer Discretionary | Pre-open | $6.38 | +11.0% | $5.61B | +9.2% |
NXP Semiconductors NXPI Information Technology | After-close | $4.12 | +32.5% | $3.76B | +18.6% |
Paccar PCAR Industrials | Pre-open | $1.60 | +42.9% | $7.50B | +22.9% |
| Also: TER, PYPL, IQV, VTR, ACGL, EQT, CNC, EXR, CNP, FE, FFIV, XYL, PPG, HUBB, EXE, CMS, ESS, CSGP, IVZ, UHS, BXP, PNR | |||||
Scorecard — reported since we last wrote
Ten names have scored since Friday’s edition, and the pattern is noisy: beats and misses on EPS didn’t reliably predict the reaction. Verizon’s EPS beat (+3.1%) couldn’t overcome a revenue miss (-1.5%), and the stock fell 3.5% in the regular session even with reported EPS up 8.3% YoY. Welltower missed on both EPS (-5.6%) and revenue (-1.0%), yet the post-market reaction was muted at -0.6%, with the senior-housing growth story (reported EPS still up 21.8% YoY) evidently cushioning the miss. Cadence beat on both lines (EPS +2.9%, revenue +1.1%) and rallied 1.6% after hours, reported EPS up 9.3% YoY. Nucor came in in line on EPS (a 0.5% shortfall, inside the band) and beat on revenue (+4.3%), yet fell 1.9% after hours — the headline 120.5% YoY EPS jump reflects last year’s cyclical trough rather than a clean read on the business, so the reaction looks like it’s about forward commentary rather than the print itself. Public Storage missed on EPS (-7.9%) but beat on revenue (+4.5%), and shares still ticked up 0.7% after hours, with deal-related financing costs from its recent acquisitions the likelier drag on the bottom line than demand, even as reported EPS fell 19.5% YoY. Hartford beat solidly on EPS (+10.4%) but missed revenue by a wide margin (-27.3%) — a gap insurers often show because GAAP revenue includes volatile realized investment gains that estimate models struggle to capture — and the stock barely moved after hours (-0.1%), with reported EPS down 7.4% YoY against a strong year-ago quarter. Cincinnati Financial beat EPS by a wide margin (+35.5%) while revenue came in in line (-0.1%), and shares rose 1.5% after hours; reported EPS was roughly flat YoY (+0.4%), with the insurer’s large mark-to-market equity book the likelier source of the swing than underwriting. Brown & Brown came in in line on EPS (-0.9%) but missed on revenue (-1.9%), and the stock fell 3.0% after hours — the sharpest reaction on today’s scorecard relative to the size of the miss — with reported EPS up a modest 1.9% YoY. Principal Financial missed on EPS (-8.3%) while revenue came in in line (+0.2%), and shares eased 1.1% after hours; reported EPS was still up 5.7% YoY. Alexandria Real Estate Equities swung to a small per-share loss ($0.03) against a flat consensus, a reversal from a $0.50 profit a year earlier, while revenue beat (+1.9%); the stock was unchanged after hours.
| Company | Time | EPS actual | EPS surprise | EPS YoY | Rev. actual | Rev. surprise | GM / NM | Reaction |
|---|---|---|---|---|---|---|---|---|
Verizon VZ | Pre-open | $1.31 | +3.1% | +8.3% | $34.31B | -1.5% | — | -3.5% |
Welltower WELL | After-close | $0.67 | -5.6% | +21.8% | $3.72B | -1.0% | — | -0.6% AH |
Cadence Design Systems CDNS | After-close | $2.11 | +2.9% | +9.3% | $1.63B | +1.1% | — | +1.6% AH |
Nucor NUE | After-close | $5.80 | -0.5% | +120.5% low year-ago base | $11.25B | +4.3% | — | -1.9% AH |
Public Storage PSA | After-close | $2.11 | -7.9% | -19.5% | $1.37B | +4.5% | — | +0.7% AH |
Hartford (The) HIG | After-close | $3.50 | +10.4% | -7.4% | $5.39B | -27.3% | — | -0.1% AH |
Cincinnati Financial CINF | After-close | $2.86 | +35.5% | +0.4% | $3.03B | -0.1% | — | +1.5% AH |
Brown & Brown BRO | After-close | $1.07 | -0.9% | +1.9% | $1.73B | -1.9% | — | -3.0% AH |
Principal Financial Group PFG | After-close | $2.22 | -8.3% | +5.7% | $4.28B | +0.2% | — | -1.1% AH |
Alexandria Real Estate Equities ARE | After-close | $-0.03 | — | -106.0% swing to loss | $671.2M | +1.9% | — | +0.0% AH |
Rest of the week
The week’s heaviest cluster lands Wednesday and Thursday. Microsoft and Alphabet report Wednesday after the close (implied moves of 5.3% and 6.1%), followed Thursday by Amazon and Eli Lilly (7.7% and 6.1% implied), before ExxonMobil and AbbVie close out the week Friday — both of the Friday names sit against outsized year-ago comparisons that will need the same base-effect read as several of today’s names.
| Day | Company | Time | Cons. EPS | Yr-ago EPS | Implied move |
|---|---|---|---|---|---|
| Wednesday Oct 28 | Microsoft MSFT | After-close | $4.72 | $4.13 | 5.3% |
Alphabet Inc. (Class A) GOOGL | After-close | $3.00 | $2.87 | 6.1% | |
GE Vernova GEV | Pre-open | $4.01 | $1.64 | — | |
KLA Corporation KLAC | After-close | $1.18 | $0.88 | — | |
Amphenol APH | Pre-open | $0.73 | $0.47 | — | |
ServiceNow NOW | After-close | $1.02 | $0.96 | — | |
T-Mobile US TMUS | After-close | $2.91 | $2.41 | — | |
Fortinet FTNT | After-close | $0.86 | $0.74 | — | |
Automatic Data Processing ADP | Pre-open | $2.77 | $2.49 | — | |
Phillips 66 PSX | Pre-open | $11.79 | $2.52 | — | |
Equinix EQIX | After-close | $3.96 | $3.89 | — | |
Vertiv VRT | Pre-open | $1.82 | $1.24 | — | |
| Also: ORLY, FDX, AEP, BSX, TEL, GRMN, HONA, EBAY, F, CVNA, ODFL, BIIB, CMG, GEHC, RJF, OTIS, FLEX, AWK, LH, VICI, SW, NI, FTV, IP, IEX, INVH, CHRW, TYL, EG, MAS, GEN, MAA, LII, GNRC, ALGN, MGM, FDXF | |||||
| Thursday Oct 29 | Amazon AMZN | After-close | $1.96 | $1.95 | 7.7% |
Lilly (Eli) LLY | Pre-open | $6.61 | $7.02 | 6.1% | |
Mastercard MA | Pre-open | $5.17 | $4.38 | — | |
Intel INTC | After-close | $0.40 | $0.23 | — | |
Merck & Co. MRK | Pre-open | $2.09 | $2.58 | — | |
Caterpillar Inc. CAT | Pre-open | $7.03 | $4.95 | — | |
Linde plc LIN | Pre-open | $4.52 | $4.21 | — | |
Gilead Sciences GILD | After-close | $2.21 | $2.47 | — | |
Sandisk SNDK | After-close | $46.41 | $1.22 | — | |
Bristol Myers Squibb BMY | Pre-open | $1.23 | $1.63 | — | |
Altria MO | Pre-open | $1.51 | $1.45 | — | |
Stryker Corporation SYK | After-close | $3.55 | $3.19 | — | |
| Also: SBUX, TT, MNST, ICE, PWR, MDLZ, HWM, RSG, AJG, DLR, AON, MPWR, CRH, XEL, LHX, CARR, AMP, COIN, DHI, ILMN, TWLO, WEC, RMD, VMC, HSY, CTSH, WTW, EME, IR, WST, ARES, RDDT, PPL, VLTO, INCY, EIX, TROW, FSLR, LNT, FDXF, KIM, WY, GDDY, AVY, TXT, ERIE, BAX, DVA, HII, AOS, NCLH | |||||
| Friday Oct 30 | ExxonMobil XOM | Pre-open | $4.03 | $1.88 | 3.2% |
AbbVie ABBV | Pre-open | $3.77 | $1.86 | 4.8% | |
Chevron Corporation CVX | Pre-open | $4.83 | $1.85 | — | |
Regeneron Pharmaceuticals REGN | Pre-open | $16.19 | $11.83 | — | |
Colgate-Palmolive CL | Pre-open | $0.93 | $0.91 | — | |
Dominion Energy D | Pre-open | $1.21 | $1.06 | — | |
Exelon EXC | Pre-open | $0.79 | $0.86 | — | |
Kenvue KVUE | Pre-open | $0.29 | $0.28 | — | |
Cboe Global Markets CBOE | Pre-open | $3.43 | $2.67 | — | |
Church & Dwight CHD | Pre-open | $0.90 | $0.81 | — | |
LyondellBasell LYB | Pre-open | $2.55 | $1.01 | — | |
Federal Realty Investment Trust FRT | Pre-open | $0.71 | $0.69 | — | |
Informational only — not investment advice. Figures are consensus/estimates and option-implied values from public sources and may be revised.