Pre-earnings brief
Reports
Tue, Oct 27, 2026
Est. EPS
$2.16
Est. revenue
$18.6B
Implied move
±6.3%
EPS beat rate
0%
HSBC Holdings plc is a major global bank that provides a wide range of financial services, including personal banking, commercial banking, and wealth management. As a key player in the financial sector, HSBC is influenced by global economic trends, interest rates, and consumer spending patterns.
Last quarter
In Q1-2022, HSBC reported an EPS of $0.14, significantly missing the expected $0.77, which led to a stock drop of 7.84% the following day. The disappointing results raised concerns about the bank's profitability amidst challenging market conditions.
EPS beat streak
0Q
EPS beat rate
0%
Avg EPS surprise
-81.70%
Avg 1-day reaction
-7.84%
Analysts expect HSBC to report an EPS of $2.16 and revenue of $18.6B for Q2-2022. Given the previous quarter's significant miss, there is heightened scrutiny on whether the bank can recover and meet these expectations.
Bull case
If HSBC can deliver strong earnings and revenue growth, it may signal a turnaround in its performance, boosting investor confidence and stock price.
Bear case
Conversely, if HSBC fails to meet expectations again, it could indicate deeper issues within the bank, leading to further declines in stock value.
Key metrics to watch
Earnings Per Share (EPS)
$2.16EPS is a crucial indicator of the company's profitability and financial health.
Revenue
$18.6BRevenue reflects the overall sales performance and is essential for assessing growth.
The print will turn on these.
Q1
Will EPS meet or exceed the consensus estimate of $2.16?
A strong EPS figure is crucial for restoring investor confidence after last quarter's significant miss.
Q2
What factors contributed to revenue expectations of $18.6B?
Understanding the drivers behind revenue projections will help assess the bank's growth potential and market position.
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Est. EPS
—
Est. Rev
—
Impl. Move
±10.3%
Why consensus could be wrong
The Street may be underestimating the impact of recent cost-cutting measures and operational efficiencies that could boost profitability this quarter.
Supporting evidence
HSBC's recent restructuring efforts may not be fully reflected in analyst estimates.
The bank's global diversification could help mitigate risks associated with regional economic downturns.
Key risk
If EPS comes in below $2.16, it could validate concerns about the bank's ability to manage costs and drive revenue.
Pre-commit to what would confirm each case.
This quarter's results are critical as they will determine whether HSBC can recover from its previous disappointing performance.
Bull confirmed if
An EPS of $2.16 or higher would confirm a positive turnaround in HSBC's financial performance.
Bear confirmed if
An EPS significantly below $2.16 would reinforce concerns about the bank's profitability and operational challenges.
What the market is pricing for the move.
Implied Move
±6.3%
The options market is pricing in a potential move of about 6.3% in either direction following the earnings report.
ATM IV
0.3%
30d HV
22.8%
Smart-money positioning from the most recent 13F filings.
Institutional
2.49%
of float
Insider
0.00%
of float
Holders
824
institutions
Top Holders· as of Jun 2026
Fisher Asset Management, LLC
18,572,508 sh · $1.7B
0.54%
2.0%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If HSBC beats expectations, history suggests the stock could rise by around 7.84%, confirming a positive outlook for the bank.
In line / cautious
If results are in line with expectations, the stock may see a muted reaction as investors await further guidance.
Miss
A miss on earnings could lead to a decline of about 7.84%, reflecting ongoing concerns about the bank's financial health.
The lines on the call that would change the story.
Dimensional Fund Advisors LP
9,812,755 sh · $919.6M
0.29%
-1.6%
Morgan Stanley
8,077,493 sh · $756.9M
0.24%
5.5%
Goldman Sachs Group Inc
5,658,007 sh · $530.2M
0.17%
22.2%
FMR, LLC
4,336,546 sh · $406.4M
0.13%
14.8%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.