On Friday, American Express (AXP), Exxon Mobil (XOM), and Verizon (VZ) will wrap up an eventful week of earnings. AXP and XOM will report before the market opens, while Verizon’s earnings will come after the closing bell. Traders are already weighing in on their expectations through Polymarket.
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- American Express is expected to report an EPS of $3.53
- Exxon Mobil is expected to report an adjusted EPS of $1.69
- Verizon is expected to report an adjusted EPS of $1.05
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 American Express Beat Earnings?
American Express has beaten earnings during 15 of the last 18 quarters. Polymarket traders are confident that the financial services giant will top its estimated EPS of $3.53, giving it an 88% chance.
Will Exxon Mobil Beat Earnings?
Exxon Mobil has beaten earnings 77.77% of the time during the past 18 quarters. That nearly lines up with the 79% odds of the oil and gas leader surpassing its estimated adjusted EPS of $1.69 this quarter on Polymarket.
Will Verizon Beat Earnings?
Verizon has beaten earnings during 16 of the past 18 quarters for an 88.88% success rate. Polymarket gives the company an 80% chance of surpassing its estimated adjusted EPS of $1.05.
It’s worth pointing out that 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.