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Earnings Preview: Archive

Sheraz Mian

Are Earnings Estimates Going Down?

Earnings and revenue growth has come down in the ongoing Q3 earnings season from the first-half's breakneck speed, but...

AMZNNegative Net Change DISPositive Net Change DRHPositive Net Change PYPLPositive Net Change

Sheraz Mian

Even Big Tech Has Supply Chain Problems

A recurring theme this earnings season has been supply-chain woes and shortages of essential inputs, as well as labor, with not even the mighty Apple (AAPL) and Amazon (AMZN) immune from the issues...

AMZNNegative Net Change AAPLPositive Net Change MSFTPositive Net Change GOOGLPositive Net Change

Sheraz Mian

Previewing Big Tech Earnings: Apple, Microsoft and Other Giants

The chart below shows the earnings and revenue picture for this group of 5 companies in the aggregate, on a quarterly basis, with expectations for 2021 Q3 highlighted...

AMZNNegative Net Change AAPLPositive Net Change AMDPositive Net Change MSFTPositive Net Change SBUXPositive Net Change GOOGLPositive Net Change SNAPNegative Net Change SPOTNegative Net Change

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Into the Heart of Q3 Earnings Season

The big banks got us off to a flying start in this Q3 earnings season, but we will get a true sense of how good or otherwise the corporate profitability picture is after seeing the coming week's reporting docket.

INTCPositive Net Change JNJPositive Net Change NFLXNegative Net Change PGPositive Net Change TSLANegative Net Change SNAPNegative Net Change

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What Will Q3 Bank Earnings Show?

The Zacks Major Banks industry's Q3 earnings are expected to be up +11.2% on +2.5% higher revenues...

BACPositive Net Change JPMPositive Net Change MSFTPositive Net Change NKEPositive Net Change FASTPositive Net Change ORCLPositive Net Change ADBENegative Net Change FDXPositive Net Change

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Clouds on the Earnings Horizon

Unlike the last few quarters when the earnings picture remained unequivocally positive and reassuring, we may be starting to see some clouds emerge on the horizon as look ahead to the start of the Q3 earnings season...

JPMPositive Net Change NKEPositive Net Change PEPPositive Net Change ORCLPositive Net Change ADBENegative Net Change FDXPositive Net Change STZPositive Net Change

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Making Sense of the Q3 Earnings Picture and Beyond

Recent updates on the revisions trends have been somewhat disconcerting, as you can see in the chart below that tracks the evolution of Q3 earnings growth expectations...

JPMPositive Net Change NKEPositive Net Change MUNegative Net Change MCKPositive Net Change CTASPositive Net Change ORCLPositive Net Change ADBENegative Net Change FDXPositive Net Change

Sheraz Mian

The Start of Q3 Earnings Season

Unlike Q3 GDP growth estimates, earnings expectations for the period have not been revised lower, but the revisions trend has nevertheless lost its earlier momentum...

JPMPositive Net Change NKEPositive Net Change ORCLPositive Net Change COSTNegative Net Change FDXPositive Net Change

Sheraz Mian

Delta and the Q3 Earnings Season

The ongoing resurge in Covid infections has started weighing on near-term economic outlook, with estimates of Q3 GDP growth sharply coming down in recent days.

JPMPositive Net Change NKEPositive Net Change ORCLPositive Net Change COSTNegative Net Change FDXPositive Net Change

Sheraz Mian

Q3 Earnings Season Preview

Comparisons will be relatively normal in Q3 and beyond since the U.S. economy began reopening in the year-earlier period, hence the expected deceleration in the growth pace...

KRPositive Net Change GMEPositive Net Change LULUPositive Net Change CPRTPositive Net Change RHPositive Net Change

Sheraz Mian

What to Expect from Airline Industry Earnings

Airline companies have benefited from the economic reopening and the easing of travel restrictions, reversing the earlier losses suffered as the pandemic took hold...

UALPositive Net Change LUVPositive Net Change UPSPositive Net Change FDXPositive Net Change

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Taking Stock of Small-Cap Earnings

This note takes a look at the 2021 Q2 earnings season and the evolving earnings picture for the current and coming quarters for the small-cap S&P 600 (SPSM) index...

SPYPositive Net Change SPSMPositive Net Change

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3 Things to Know About the Q2 Earnings Season

The first notable feature of the Q2 earnings season is the impressive momentum on the revenue side, both in terms of growth rate, as well as the beats percentages...

TGTPositive Net Change WMTPositive Net Change NVDANegative Net Change HDPositive Net Change

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The 3 Most Notable Features of Q2 Earnings Season

The first notable feature of the Q2 earnings season is the impressive momentum on the revenue side, both in terms of growth rate as well as the beats percentages...

EBAYPositive Net Change DISPositive Net Change TSNPositive Net Change

Sheraz Mian

Is Big Tech Growth Really Decelerating?

You can see this long-term growth trajectory in the chart below that shows the group's earnings and revenue growth on an annual basis...

AMZNNegative Net Change AAPLPositive Net Change MSFTPositive Net Change GOOGLPositive Net Change

Sheraz Mian

Big Tech Earnings Preview: Apple, Amazon and Other Market Movers

Beyond the big 5 Tech players, total Q2 earnings for the Technology sector as a whole are expected to be up +37.3% from the same period last year on +19.5% higher revenues...

AMZNNegative Net Change AAPLPositive Net Change MSFTPositive Net Change TSLANegative Net Change SNAPNegative Net Change SPOTNegative Net Change

Sheraz Mian

Q2 Earnings Reports Confirm Economic Boom Ahead

We are off to a great start in the Q2 earnings season, with 2021 Q2 earnings projected to climb 14.5% above the comparable pre-Covid 2019 period...

WFCPositive Net Change JPMPositive Net Change CPositive Net Change TXNNegative Net Change IBMPositive Net Change JNJPositive Net Change NFLXNegative Net Change

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Previewing Q2 FY21 Bank Earnings

The overall set up for bank earnings remains positive, with the stocks likely reversing their recent interest rate-centric weakness...

GSPositive Net Change BACPositive Net Change JPMPositive Net Change CPositive Net Change MSFTPositive Net Change UNHPositive Net Change DALPositive Net Change FASTPositive Net Change ORCLPositive Net Change COSTNegative Net Change TSMNegative Net Change

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Durable Earnings Growth Expected

The double-digit earnings growth expected in each of the next two years suggests the market isn't looking for a one-off rebound this year, but rather an enduring growth cycle...

GSPositive Net Change WFCPositive Net Change JPMPositive Net Change ORCLPositive Net Change COSTNegative Net Change WDFCPositive Net Change LEVIPositive Net Change

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Making Sense of Q2 Earnings Season Expectations

The strong earnings growth we saw in Q1 and the even stronger growth expected in Q2 is also reflective of genuine growth in the absolute sense.

JPMPositive Net Change NKEPositive Net Change ORCLPositive Net Change COSTNegative Net Change FDXPositive Net Change SPYPositive Net Change

Sheraz Mian

Is It Just Easy Comps Giving Us Strong Earnings Growth?

Earnings growth was very strong in Q1 2021 and is expected to be even stronger in the Q2 reporting cycle, with comparisons to the comparable Covid-depressed periods of 2020 a major source of the growth.

QQQNo Net Change SPYPositive Net Change DIAPositive Net Change

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Q2 2021 Earnings Season Preview

Even relative to the pre-Covid 2019 Q2 period, 2021 Q2 earnings are expected to be up +7.9%...

AAPLPositive Net Change

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Looking Ahead to Q2 Earnings Season

You can see that 2021 Q2 earnings for the S&P 500 index are expected to be up +58.4% from the Covid-hit 2020 Q2 period...

NVDANegative Net Change DGPositive Net Change COSTNegative Net Change AZONegative Net Change CRMPositive Net Change

Sheraz Mian

Revved Up Auto Sector Earnings Outlook

Total Q1 earnings for the sector were up +608.9% from the same period last year on +11% higher revenues...

TGTPositive Net Change HDPositive Net Change WMTPositive Net Change ORLYNegative Net Change TSLANegative Net Change KMXPositive Net Change

Sheraz Mian

Earnings Boom for Housing and Construction

The goal in this piece is to share with you the very impressive Q1 results and rising estimates outlook for the economically sensitive sectors like Construction and others...

PWRNegative Net Change DISPositive Net Change EAPositive Net Change LENPositive Net Change DHIPositive Net Change BABANegative Net Change GOOSPositive Net Change ABNBNegative Net Change DASHNegative Net Change