Earnings Surprises: Q3 2025
The season's beats and misses, frozen for the record
Updated August 30, 2026 · final
This is the closed book on the Q3 2025 reporting season — every S&P 500 earnings report filed between July 1, 2025 and September 30, 2025 (for most companies, the prior fiscal quarter’s results). Of 498 reports, 404 beat the analyst consensus and 86 missed, putting the beat rate at 81% — the usual tell that estimates are managed down into the print.
Because this page is final, the price columns use fixed windows rather than a running “since report”: the day-1 move (what the market said first) and the 21-session drift (whether it kept saying it). This season, the median big beat (+10% or more) moved +0.1% on day one and sat +3.1% a month later, while the median big miss managed −0.8% on the day — the post-earnings drift pattern in action.
Biggest beats
| # | Stock | EPS surprise | Day-1 move | 1-month drift |
|---|---|---|---|---|
| 1 | DLRDigital RealtyJul 24 | +618% | +0.4% | −8.6% |
| Real Estate — beat estimates by +618% on Jul 24; the stock moved +0.4% the first session and was −8.6% a month on. | ||||
| 2 | SNDKSandiskAug 14 | +522% | −0.7% | +83.2% |
| Information Technology — beat estimates by +522% on Aug 14; the stock moved −0.7% the first session and was +83.2% a month on. | ||||
| 3 | WBDWarner Bros. DiscoveryAug 7 | +363% | −7.3% | −5.3% |
| Communication Services — beat estimates by +363% on Aug 7; the stock moved −7.3% the first session and was −5.3% a month on. | ||||
| 4 | COINCoinbaseJul 31 | +332% | +0.1% | −18.3% |
| Financials — beat estimates by +332% on Jul 31; the stock moved +0.1% the first session and was −18.3% a month on. | ||||
| 5 | SWKStanley Black & DeckerJul 29 | +135% | −7.2% | +1.7% |
| Industrials — beat estimates by +135% on Jul 29; the stock moved −7.2% the first session and was +1.7% a month on. | ||||
| 6 | ESSEssex Property TrustJul 29 | +132% | +2.7% | −6.5% |
| Real Estate — beat estimates by +132% on Jul 29; the stock moved +2.7% the first session and was −6.5% a month on. | ||||
| 7 | EAElectronic ArtsJul 29 | +126% | −2.8% | +13.3% |
| Communication Services — beat estimates by +126% on Jul 29; the stock moved −2.8% the first session and was +13.3% a month on. | ||||
| 8 | CPTCamden Property TrustJul 31 | +121% | −2.6% | −1.2% |
| Real Estate — beat estimates by +121% on Jul 31; the stock moved −2.6% the first session and was −1.2% a month on. | ||||
| 9 | TTWOTake-Two InteractiveAug 7 | +116% | −0.3% | +5.5% |
| Communication Services — beat estimates by +116% on Aug 7; the stock moved −0.3% the first session and was +5.5% a month on. | ||||
| 10 | ALBAlbemarle CorporationJul 30 | +113% | −3.8% | +22.5% |
| Materials — beat estimates by +113% on Jul 30; the stock moved −3.8% the first session and was +22.5% a month on. | ||||
| 11 | FRTFederal Realty Investment TrustAug 6 | +108% | −0.2% | +8.1% |
| Real Estate — beat estimates by +108% on Aug 6; the stock moved −0.2% the first session and was +8.1% a month on. | ||||
| 12 | APAAPA CorporationAug 6 | +93% | −2.9% | +26.1% |
| Energy — beat estimates by +93% on Aug 6; the stock moved −2.9% the first session and was +26.1% a month on. | ||||
| 13 | DLTRDollar TreeSep 3 | +85% | −8.4% | −18.9% |
| Consumer Staples — beat estimates by +85% on Sep 3; the stock moved −8.4% the first session and was −18.9% a month on. | ||||
| 14 | ALLAllstateJul 30 | +83% | −0.8% | +5.1% |
| Financials — beat estimates by +83% on Jul 30; the stock moved −0.8% the first session and was +5.1% a month on. | ||||
| 15 | NKENike, Inc.Sep 30 | +80% | +0.3% | −3.0% |
| Consumer Discretionary — beat estimates by +80% on Sep 30; the stock moved +0.3% the first session and was −3.0% a month on. | ||||
Biggest misses
| # | Stock | EPS surprise | Day-1 move | 1-month drift |
|---|---|---|---|---|
| 1 | CNCCentene CorporationJul 25 | −243% | +6.1% | +9.9% |
| Health Care — missed estimates by −243% on Jul 25; the stock moved +6.1% the first session and was +9.9% a month on. | ||||
| 2 | AREAlexandria Real Estate EquitiesJul 21 | −208% | +0.1% | −1.2% |
| Real Estate — missed estimates by −208% on Jul 21; the stock moved +0.1% the first session and was −1.2% a month on. | ||||
| 3 | DOWDow Inc.Jul 24 | −142% | −17.5% | −22.0% |
| Materials — missed estimates by −142% on Jul 24; the stock moved −17.5% the first session and was −22.0% a month on. | ||||
| 4 | VTRVentasJul 30 | −82% | −0.5% | +1.6% |
| Real Estate — missed estimates by −82% on Jul 30; the stock moved −0.5% the first session and was +1.6% a month on. | ||||
| 5 | LMTLockheed MartinJul 22 | −78% | −10.8% | −4.2% |
| Industrials — missed estimates by −78% on Jul 22; the stock moved −10.8% the first session and was −4.2% a month on. | ||||
| 6 | LYVLive Nation EntertainmentAug 7 | −60% | −0.7% | +9.5% |
| Communication Services — missed estimates by −60% on Aug 7; the stock moved −0.7% the first session and was +9.5% a month on. | ||||
| 7 | AMTAmerican TowerJul 29 | −53% | −4.2% | −7.5% |
| Real Estate — missed estimates by −53% on Jul 29; the stock moved −4.2% the first session and was −7.5% a month on. | ||||
| 8 | INVHInvitation HomesJul 30 | −52% | −1.9% | −2.7% |
| Real Estate — missed estimates by −52% on Jul 30; the stock moved −1.9% the first session and was −2.7% a month on. | ||||
| 9 | IPInternational PaperJul 31 | −49% | −12.8% | −8.7% |
| Materials — missed estimates by −49% on Jul 31; the stock moved −12.8% the first session and was −8.7% a month on. | ||||
| 10 | ORealty IncomeAug 4 | −45% | +1.6% | +2.1% |
| Real Estate — missed estimates by −45% on Aug 4; the stock moved +1.6% the first session and was +2.1% a month on. | ||||
| 11 | SBACSBA CommunicationsAug 4 | −33% | +0.8% | −11.6% |
| Real Estate — missed estimates by −33% on Aug 4; the stock moved +0.8% the first session and was −11.6% a month on. | ||||
| 12 | PSAPublic StorageJul 30 | −31% | −1.3% | −0.5% |
| Real Estate — missed estimates by −31% on Jul 30; the stock moved −1.3% the first session and was −0.5% a month on. | ||||
| 13 | CNPCenterPoint EnergyJul 24 | −24% | +1.9% | +2.4% |
| Utilities — missed estimates by −24% on Jul 24; the stock moved +1.9% the first session and was +2.4% a month on. | ||||
| 14 | SWSmurfit WestrockJul 30 | −24% | −1.7% | −5.3% |
| Materials — missed estimates by −24% on Jul 30; the stock moved −1.7% the first session and was −5.3% a month on. | ||||
| 15 | MOSMosaic Company (The)Aug 5 | −24% | +0.5% | −8.0% |
| Materials — missed estimates by −24% on Aug 5; the stock moved +0.5% the first session and was −8.0% a month on. | ||||