Source: https://mochatrade.com/learn/glossary/whisper-number

# Whisper number
URL: https://mochatrade.com/learn/glossary/whisper-number
Last modified: 2026-10-17

The whisper number is the unofficial earnings figure traders actually expect, usually above the published consensus for a popular stock. A company can beat consensus, miss the whisper and fall, which is [why good numbers produce a falling stock](https://mochatrade.com/learn/us-market-structure/us-earnings-explained); it lives in [the layer of what was already priced](https://mochatrade.com/learn/start-here/how-to-read-us-market-news).

## Related terms

- EPS: https://mochatrade.com/learn/glossary/eps
- Consensus estimate: https://mochatrade.com/learn/glossary/consensus-estimate
- Payout ratio: https://mochatrade.com/learn/glossary/payout-ratio
- 8-K: https://mochatrade.com/learn/glossary/8-k
- Implied volatility: https://mochatrade.com/learn/glossary/implied-volatility
- Market correction: https://mochatrade.com/learn/glossary/market-correction