This roundup examines an earnings watchlist for next week, ranked by options-implied price moves. Benzinga Pro data indicate a 12.08% move for Shopify, the watchlist's largest, equivalent to about $25.4 billion in market value. Shopify has a market capitalization of $210 billion. Shopify will release third-quarter 2026 earnings on Tuesday before trading opens.
Consensus forecasts put Shopify's earnings per share at 46 cents, compared with 34 cents in the year-earlier quarter. Consensus revenue forecasts stand at $3.75 billion, compared with $2.84 billion a year earlier. Investors often assess platform and software companies through sustainable growth and guidance, alongside reported results.
Shopify supplies an e-commerce platform mainly to small and medium-size businesses. Analysts' consensus recommendation for Shopify is Buy. Shopify trades below analysts' average price forecast over 180 days. Citigroup, Oppenheimer and RBC Capital increased Shopify price forecasts in October.
Shopify shares have risen 6.2% year to date. Shopify trades 25.7% above the 200-day moving average. Shopify's 50-day moving average moved above the 200-day moving average in August. Shopify shares trade about 74% above the 52-week low of $94.
Benzinga Pro data indicate a 4.28% earnings-related move for McDonald's, the watchlist's smallest, equivalent to roughly $7.99 billion in market value. McDonald's has a market capitalization of $187 billion. McDonald's will release third-quarter 2026 earnings on Wednesday before trading opens. Wall Street forecasts earnings per share of $3.38, compared with $3.22 in the year-earlier quarter. Wall Street expects revenue of $7.28 billion, compared with $7.08 billion a year earlier.
McDonald's operates across more than 45,000 restaurants in over 100 markets. Small shifts in consumer demand and franchise economics can affect McDonald's quarterly performance. Analysts' consensus recommendation for McDonald's is Buy. McDonald's trades below analysts' average price forecast over 180 days. BTIG maintained a Buy rating in October. Citigroup also maintained a Buy rating in October but lowered the price forecast.
McDonald's shares have fallen 15.1% year to date in 2026. McDonald's trades 7.8% below the 200-day moving average. McDonald's shares trade about 24% below the 52-week high of $341.75.
The roundup also covers Qualcomm, whose options imply an 8.66% earnings-related move, according to Benzinga Pro.
Shopify Traders Anticipate 12% Move Ahead of Q3 2026 Earnings
BenzingaShare
Summary
Shopify traders are eyeing a 12.08% swing ahead of Q3 2026 earnings, with value investing in crypto strategies tracking the $25.4 billion market value shift. Earnings are forecast at 46 cents per share, revenue at $3.75 billion. The stock is up 6.2% year to date and 25.7% above its 200-day average. Analysts rate it a Buy, with key support and resistance levels in focus as the report nears.
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