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Earnings Trends: Archive

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Q4 Earnings Season Gets Underway

Total earnings or aggregate net income for the S&P 500 index are expected to be down -3.7% in Q4 from the same period last year on +3.4% higher revenues...

WFCPositive Net Change JPMPositive Net Change CPositive Net Change

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Looking Ahead to the Q4 Earnings Season

We did not see much earnings growth in the first three quarters of the year, primarily reflecting tough comparisons to last year, and this trend is expected to continue in the last quarter of 2019 as well...

GISNegative Net Change FDXNegative Net Change COSTPositive Net Change ADBEPositive Net Change

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Weak Retail Sector Earnings

The Retail sector's Q3 earnings performance has been weaker than what we saw from the same companies in the June quarter...

URINegative Net Change TXNNegative Net Change HASPositive Net Change FASTPositive Net Change CATNegative Net Change

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A Favorable Earnings Picture

Total earnings (or aggregate net income) for the 455 S&P 500 companies that have reported results already are down -1.7% from the year-earlier level on +4.6% higher revenues...

URRNegative Net Change TXNNegative Net Change HASPositive Net Change FASTPositive Net Change CATNegative Net Change

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The Evolving Earnings Picture

The market's appreciation of the Q3 results is likely a reflection of relief that the earnings outlook has not taken as much of a hit as many appeared to fear following growing evidence of a global economic slowdown...

URINegative Net Change TXNNegative Net Change HASPositive Net Change FASTPositive Net Change CATNegative Net Change

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Q3 2019 Earnings Season Scorecard

Total earnings (or aggregate net income) for the 341 S&P 500 companies that have reported results already are down -0.6% on +4.9% higher revenues...

URINegative Net Change TXNNegative Net Change HASPositive Net Change FASTPositive Net Change CATNegative Net Change

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A Better-Than-Expected Earnings Picture

A notably bigger proportion of companies are beating EPS estimates at this stage of the reporting cycle. In fact, the EPS and revenue beats percentages are the highest since 2018 Q2, likely reconfirming that Q3 estimates were on the low side.

URINegative Net Change TXNNegative Net Change HASPositive Net Change FASTPositive Net Change CATNegative Net Change

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Solid Start to Q3 Earnings Season

Total earnings for the 43 S&P 500 companies that have reported results already are down -3.8% on +3.7% higher revenues, with 83.7% beating EPS estimates and 60.5% beating revenue estimates.

JPMPositive Net Change GSPositive Net Change BACPositive Net Change

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Here's What to Expect as Q3 Earnings Season Revs Up

The Q3 earnings season is about to take the spotlight, with the big banks dominating the initial line-up of reports. But the reporting cycle has started already, with results from 21 S&P 500 members out already...

NKENegative Net Change FDXNegative Net Change ADBEPositive Net Change

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Will Q3 Earnings Finish Negative This Year?

The expectation is that the overall earnings growth picture emerging from the Q3 earnings season will not be much different from what we saw in the first two quarters of the year.

ORCLNegative Net Change NKENegative Net Change JPMPositive Net Change FDXNegative Net Change ADBEPositive Net Change

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What to Expect from Q3 2019 Earnings Season?

The muted earnings growth pace of the first half of the year is expected to continue in Q3. Total Q3 earnings are expected to be down -4.8% from the same period last year on +4.2% higher revenues...

ORCLNegative Net Change NKENegative Net Change JPMPositive Net Change FDXNegative Net Change ADBEPositive Net Change

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Handicapping the Q3 2019 Earnings Season

Total Q3 earnings for the S&P 500 index are expected to be down -4.8% from the same period last year on +4.2% higher revenues. This would follow +0.5% growth in Q2 and a flat showing in Q1...

ORCLNegative Net Change JPMPositive Net Change GISNegative Net Change FDXNegative Net Change ADBEPositive Net Change

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Q3 Earnings Season Preview

The Q3 earnings season, which will really get underway in mid-October with the bank results, is not expected to show any improvement from the tepid earnings growth trends of the first half of the year.

ORCLNegative Net Change JPMPositive Net Change FDXNegative Net Change

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Q2 Earnings Season Scorecard

The Q2 earnings season is effectively over, with results from less than 5% of S&P 500 members still awaited, mostly from the Retail sector...

WMTPositive Net Change TGTPositive Net Change MNegative Net Change

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Retail Weakness & Consumer Spending

The Q2 earnings season is effectively over, with results from 455 S&P 500 members already out. The Retail sector is the only one that has a sizable number of results still awaited.

MCDPositive Net Change MNegative Net Change CSXPositive Net Change CATNegative Net Change BWAPositive Net Change AMZNPositive Net Change

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A Stable Earnings Picture

Total earnings for the 428 S&P 500 members that have reported Q2 results already are up +0.9% on +5.1% higher revenues...

CSXPositive Net Change CATNegative Net Change BWAPositive Net Change

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Making Sense of Q2 Earnings Results

Total earnings for the 305 S&P 500 members that have reported Q2 results already are down -3.5% on +4.7% higher revenues...

JPMPositive Net Change CSXPositive Net Change CATNegative Net Change

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Q2 Earnings Season & the Trade Issue

Total earnings for the 138 S&P 500 members that have reported Q2 results already are up +2.8% on +3.4% higher revenues...

JPMPositive Net Change CSXPositive Net Change CATNegative Net Change

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Mixed Start to Q2 Earnings Season

Earnings growth for these 44 index members is unsurprisingly very weak, but it is nevertheless modestly better than what we had seen in the preceding period.

JPMPositive Net Change CSXPositive Net Change CPositive Net Change

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Previewing the Q2 Earnings Season

Total Q2 earnings for the S&P 500 index are expected to be down -3.3% from the year-earlier period on +4.0% higher revenues.

PEPPositive Net Change NKENegative Net Change FDXNegative Net Change

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Earnings Growth Challenges to Persist

Total Q2 earnings for the S&P 500 index are expected to be down -2.9% from the year-earlier period on +4.3% higher revenues.

MUNegative Net Change LENNegative Net Change FDXNegative Net Change

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Looking Ahead to the Q2 Earnings Season

Total Q2 earnings for the S&P 500 index are expected to be down -3.1% from the year-earlier period on +4.3% higher revenues.

COSTPositive Net Change AZOPositive Net Change ADBEPositive Net Change

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Taking Stock of the Earnings Picture

The growth picture is not expected to improve in the June quarter, which would follow the roughly flat finish in Q1.

MCDPositive Net Change AMZNPositive Net Change

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Q1 Retail Sector Scorecard

The Retail sector's Q1 earnings results have been mixed relative to other recent periods. Total earnings and revenues for the sector are up +13.2% and +8.1% respectively

MCDPositive Net Change AMZNPositive Net Change

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Retail Sector Fails to Impress

We now have Q1 results from 28 of the 39 retailers in the S&P 500 companies. Total earnings for these 20 retailers are up +13.7% from the same period last year...

MCDPositive Net Change MNegative Net Change KSSPositive Net Change AMZNPositive Net Change