On Friday, February 6, Under Armour (UAA) and Cboe Global Markets (CBOE) will report their earnings for the period ended December 31. Both companies will report before the market open. Traders are already weighing in on their expectations through Polymarket.
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- Under Armour is expected to report an adjusted EPS loss of one cent.
- Cboe Global Markets is expected to report an adjusted EPS of $2.95.
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 Under Armour Beat Earnings?
Under Armour has beaten earnings during 14 of the past 17 quarters for a success rate of 82.35%. However, Polymarket traders are expressing uncertainty about the sports apparel company’s results this quarter and give it a 51% chance of topping its estimated adjusted EPS loss of one cent.
Will Cboe Global Markets Beat Earnings?
Cboe Global Markets has beaten earnings during 15 of the past 17 quarters for a success rate of 88.24%. Polymarket assigns a 90% chance that the financial exchange operator will surpass its estimated adjusted EPS of $2.95 cents this quarter.
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.