On Thursday, May 14, Virgin Galactic (SPCE), Applied Materials (AMAT), and Rumble (RUM) will report their earnings. All three companies will report after the closing bell. Traders are already weighing in with their expectations on Polymarket.
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Wall Street’s Earnings Estimates
- Virgin Galactic is expected to report a GAAP EPS loss of $1.00.
- Applied Materials is expected to report an adjusted EPS of $2.67.
- Rumble is expected to report a GAAP EPS loss of nine cents.
What is Polymarket?
Polymarket is a prediction platform where traders bet on the outcomes of real-world events, including earnings reports, elections, and economic indicators. Polymarket odds reflect expectations and can provide insight into investor sentiment.
Will Virgin Galactic Beat Earnings?
Virgin Galactic has beaten or met earnings estimates during 12 of the past 18 quarters for a success rate of 66.67%. Polymarket gives the spaceflight company a 65% chance of beating its estimated GAAP EPS loss of $1.00.
Will Applied Materials Beat Earnings?
Applied Materials has beaten or met earnings estimates during 16 of the past 18 quarters for a success rate of 88.89%. Polymarket gives the semiconductor fabrication equipment firm a 94% chance of beating its estimated adjusted EPS of $2.67.
Will Rumble Beat Earnings?
Rumble has beaten or met earnings estimates during 6 of the past 14 quarters for a success rate of 42.86%. Polymarket gives the video platform a 73% chance of beating its estimated GAAP EPS loss of nine cents.
Disclosure: Polymarket odds reflect expectations, not guaranteed outcomes. The odds represent the views and expectations of traders, but actual earnings results can differ significantly from these predictions. Investors should treat Polymarket data as just one tool when evaluating their investment decisions.