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Earnings Trends: Archive

Sheraz Mian

Making Sense of the Earnings Picture

As was the case in the preceding two quarters, the Tech sector remains a key growth driver in 2024 Q1. But how will the market react?

NVDANegative Net Change METANegative Net Change

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Handicapping Q1 Earnings: What to Expect

The Q1 reporting cycle will pick up considerable steam when the big banks begin revealing results on April 12th. However, the 2024 Q1 cycle has actually already started, with seven S&P 500 members already delivering quarterly results.

ORCLPositive Net Change ADBENegative Net Change JBLNegative Net Change

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Tech Sector Resumes Growth Mode

As was the case in the preceding two quarters, the Tech sector remains a key growth driver in 2024 Q1. On the other hand, the Energy sector continues to negatively impact the overall earnings picture.

ORCLPositive Net Change ADBENegative Net Change

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Looking Ahead to Q1 Earnings: What's Next?

No major surprises emerged from the Q4 cycle, with the tone and substance of management guidance remaining largely favorable. What can we expect in 2024 Q1?

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLNegative Net Change METANegative Net Change

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Earnings Season: Retail Sector in Focus

Walmart kicked off the Q4 reporting cycle for the conventional retailers in style by handily beating estimates and providing reassuring guidance that many in the market see as conservative. What's in store for others?

AMZNPositive Net Change TGTNegative Net Change WMTNegative Net Change

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Q4 Results Paint a Positive Earnings Picture

Notably, total earnings for Tech companies that have already reported results are up +21.7% from the same period last year on +6.5% higher revenues. Can the positivity continue?

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLNegative Net Change METANegative Net Change

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Q4 Earnings: Tech Sector Back in Growth Mode

The Tech sector continues to flex robust growth, solely responsible for keeping the Q4 earnings growth pace in positive territory.

AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change

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Q4 Earnings: Tech Flexes Strong Growth

Total earnings for Tech companies that have already reported results are up +19.3% from the same period last year on +6.6% higher revenues. Will the trend continue?

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLNegative Net Change METANegative Net Change

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Breaking Down the Q4 Earnings Season Scorecard

Total Q4 earnings for the 83 S&P 500 members that have reported results so far are up +0.9% from the same period last year on +3.9% higher revenues. Big tech earnings loom - how will the market react?

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLNegative Net Change METANegative Net Change

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Q4 Earnings Season Kicks Off Positively

We are off to a good start in the Q4 earnings season, with an above-average proportion of companies beating EPS estimates. Will the trend continue?

BACPositive Net Change JPMNegative Net Change CNegative Net Change

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Q4 Earnings Season Gets Underway

Q4 earnings for the S&P 500 index are currently expected to be down -0.4% from the year-earlier level on +2.2% higher revenues. How will the market react?

JPMNegative Net Change PGRPositive Net Change

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Q4 Earnings Loom: What to Expect

Earnings estimates for Q4 have been steadily coming down since the quarter got underway, with the current -0.2% growth pace down from +5.5% in early October. Where do we go from here?

EMRPositive Net Change EDNegative Net Change AOSPositive Net Change

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Q4 Earnings: What Can Investors Expect?

Earnings estimates for Q4 have been steadily coming down since the quarter got underway, with the negative revisions trend fairly broad-based.

UALNegative Net Change DISPositive Net Change

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Looking Ahead to Q4 Earnings

Earnings estimates for Q4 have been steadily coming down since the quarter got underway, a reversal of the favorable revisions trend we have previously highlighted. Where do we go from here?

UALNegative Net Change DISPositive Net Change

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Earnings Estimates Moving Lower as Growth Moderates

While Q3 results have been better than expected, there has been a notable acceleration in negative estimate revisions for 2023 Q4 over the last few weeks. Where do we go from here?

UALNegative Net Change DISPositive Net Change

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Earnings Estimates Come Under Pressure

While Q3 results have been better than expected, there is a notable acceleration in negative estimate revisions over the last few weeks, contrasting the largely favorable revisions trend of the preceding six months.

PFENegative Net Change LLYNegative Net Change GMPositive Net Change TSLAPositive Net Change

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Earnings Growth Turns Positive

With more than 60% of the Q3 results already out, earnings growth for the quarter is on track to turn positive despite the significant Energy sector drag.

CVXPositive Net Change XOMPositive Net Change

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The Earnings Picture Continues to Improve

Given the emerging consensus on the 'soft-landing' outlook, one can expect this favorable turn in the overall earnings picture to strengthen further as companies report Q3 results and share trends in underlying business.

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLNegative Net Change METANegative Net Change

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The Q3 Earnings Season Kicks Off Positively

We are off to a good start in the Q3 earnings season, though the focus at this early stage has been largely on the Finance sector. With a flurry of reports slated to come in the weeks ahead, can the positivity continue?

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLNegative Net Change METANegative Net Change

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Bank Earnings Loom: A Challenging Setup

The coming reports from the big banks will highlight multiple profitability headwinds. Still, sentiment surrounding the group remains so weak that even modestly positive results and commentary could push them higher.

WFCNegative Net Change JPMNegative Net Change

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The Q3 Earnings Season Kicks Off

We have regularly been flagging the steady improvement in the revisions trend since April 2023, which has become more entrenched in recent months.

PHMNegative Net Change TOLNegative Net Change KBHNegative Net Change

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What Can We Expect From Q3 Earnings?

For 2023 Q3, total S&P 500 earnings are currently expected to be down -2.2% from the same period last year on +0.8% higher revenues. How will the market react?

NVDANegative Net Change GOOGLNegative Net Change METANegative Net Change

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Current Earnings Outlook Reflects Stability

We have regularly been flagging the steady improvement in the revisions trend since April 2023, with the trend becoming more entrenched in recent months.

NVDANegative Net Change GOOGLNegative Net Change METANegative Net Change

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Looking Ahead to Q3 Earnings

For 2023 Q3, total S&P 500 earnings are currently expected to be down -1.6% from the same period last year on +0.8% higher revenues. What else can investors expect?

NVDANegative Net Change GOOGLNegative Net Change METANegative Net Change

Sheraz Mian

A Positive Earnings Revisions Trend Emerges

The earnings revisions trend has notably stabilized as of late, with estimates for several key sectors increasing. This outlook remains inconsistent with the long-feared 'earnings cliff' narrative.

TGTNegative Net Change TJXPositive Net Change