Back to top

Earnings Trends: Archive

Sheraz Mian

Breaking Down the Rough Start to Q3 Earnings Season

The early 2022 Q3 results don't inspire a lot of confidence about the overall earnings picture. At this admittedly early stage, companies appear to be struggling to beat consensus estimates that had already come down significantly.

CCLNegative Net Change NKENegative Net Change FDXNegative Net Change

Sheraz Mian

What Will Q3 Earnings Season Tell Wall Street?

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

CCLNegative Net Change NKENegative Net Change FDXNegative Net Change

Sheraz Mian

Are Earnings Estimates Out of Sync with the Economy?

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

ACNPositive Net Change GISNegative Net Change ORCLNegative Net Change COSTPositive Net Change ADBENegative Net Change FDXNegative Net Change LENNegative Net Change

Sheraz Mian

How Earnings Estimates are Evolving Amid Inflation and Higher Rates

Q3 estimates have been cut for 14 of the 16 Zacks sectors since the quarter got underway, with the biggest declines at the Consumer Discretionary, Consumer Staples, Technology, Retail and Conglomerates sectors.

ACNPositive Net Change GISNegative Net Change ORCLNegative Net Change ADBENegative Net Change

Sheraz Mian

Q3 Earnings Season Gets Underway

Q3 earnings growth would be +3.9% had it not been for the Finance sector drag, but index earnings would actually be down -5.4% had it not been for the strong Energy sector contribution.

ORCLNegative Net Change COSTPositive Net Change ADBENegative Net Change FDXNegative Net Change

Sheraz Mian

Previewing the Q3 Earnings Season as Estimates Slide

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset those estimate cuts elsewhere.

JPMPositive Net Change ORCLNegative Net Change COSTPositive Net Change FDXNegative Net Change

Sheraz Mian

Looking Ahead to Q3 Earnings Amid Persistent Inflation and Rising Rates

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

TPositive Net Change MSFTNegative Net Change TGTNegative Net Change WMTPositive Net Change

Sheraz Mian

Making Sense of Fading Earnings Estimates

Estimates for the last two quarters of this year and for next year are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

TPositive Net Change MSFTNegative Net Change TGTNegative Net Change WMTPositive Net Change

Sheraz Mian

The Market Sectors Showing Resilience As Earnings Estimates Slip

Q3 estimates have been cut for 13 of the 16 Zacks sectors since the quarter got underway, with the biggest declines at the Consumer Discretionary, Consumer Staples, Technology, Retail and Conglomerates sectors.

TPositive Net Change MSFTNegative Net Change TGTNegative Net Change WMTPositive Net Change

Sheraz Mian

How Far Have Q3 Earnings Estimates Fallen?

The +2.4% earnings growth expected for the S&P 500 index in 2022 Q3 is down from...

TPositive Net Change MSFTNegative Net Change WMTPositive Net Change

Sheraz Mian

A Stable Earnings Picture Despite Many Headwinds

While this stability and resilience runs contrary to worries of an imminent economic slowdown or even a recession, we are starting to see tell-tale signs of emerging weakness in both consumer and business spending.

TPositive Net Change MSFTNegative Net Change WMTPositive Net Change

Sheraz Mian

Q2 Earnings Season Off to a Solid Start Despite Recession Fears

The overall picture emerging from the Q2 earnings season at this admittedly early stage is inconsistent with an economy heading into a significant downturn.

JPMPositive Net Change

Sheraz Mian

Q2 Earnings Season Gets Underway

Excluding the hefty contribution from the Energy sector, total Q2 earnings for the rest of the S&P 500 index are expected to be down -6.1% on +7.4% higher revenues.

NKENegative Net Change GISNegative Net Change ORCLNegative Net Change FDXNegative Net Change BBBYPositive Net Change LENNegative Net Change

Sheraz Mian

How Much Clarity Will the Q2 Earnings Season Provide?

The market has a sense of what should happen to earnings estimates, but it isn't seeing much of that just yet...

NKENegative Net Change GISNegative Net Change ORCLNegative Net Change FDXNegative Net Change BBBYPositive Net Change LENNegative Net Change

Sheraz Mian

Have Earnings Estimates Come Down Enough?

Part of the uncertainty in the market at present is related to how earnings estimates should evolve in an aggressive Fed tightening cycle. The market has a sense of what should happen to earnings estimates, but it isn't seeing much of that just yet...

NKENegative Net Change GISNegative Net Change ORCLNegative Net Change FDXNegative Net Change BBBYPositive Net Change LENNegative Net Change

Sheraz Mian

Will Earnings Estimates Finally Come Down?

Part of the uncertainty in the market at present is related to how earnings estimates should evolve in an aggressive Fed tightening cycle. The market has a sense of what should happen to earnings estimates, but it isn't seeing much of that just yet.

MSFTNegative Net Change CRMPositive Net Change TGTNegative Net Change WMTPositive Net Change LENNegative Net Change

Sheraz Mian

Looking Ahead to the Q2 Earnings Season as the Fed Hikes Rates

Excluding the hefty contribution from the Energy sector, total Q2 earnings for the rest of the S&P 500 index are expected to be down -5.1% on +7.4% higher revenues...

MSFTNegative Net Change CRMPositive Net Change TGTNegative Net Change WMTPositive Net Change

Sheraz Mian

Breaking Down the Tech Sector's Earnings Outlook

Technology stocks have been at the receiving end of the ongoing market reset in response to the Fed's tightening policy. Here's what to expect from tech earnings going forward...

AMZNNegative Net Change AAPLNegative Net Change MSFTNegative Net Change FBNegative Net Change GOOGLNegative Net Change

Sheraz Mian

The Sectors Enjoying Positive Estimate Revisions Amid Economic Headwinds

Q2 earnings estimates have gone up for 6 sectors, with the biggest gains in the Energy sector, followed up by...

CSXNegative Net Change LUVNegative Net Change JBHTNegative Net Change

Sheraz Mian

Making Sense of Target, Walmart and Disappointing Retail Results

Disappointing results from bellwether retailers have raised questions about the health of the consumer in the current inflationary environment. But the issue appears to be one of execution by the failing operators...

TGTNegative Net Change WMTPositive Net Change HDNegative Net Change

Sheraz Mian

A Stable Earnings Picture Despite the Market Selloff

Looking at Q1 as a whole, total S&P 500 earnings are expected to be up +9.3% on +13.4% higher revenues. This is a significant deceleration from what we have been seeing in the preceding quarters...

AMZNNegative Net Change AAPLNegative Net Change MSFTNegative Net Change FBNegative Net Change GOOGLNegative Net Change

Sheraz Mian

Breaking Down the First Quarter Earnings Season So Far

Excluding the -16.3% decline in Finance sector earnings, Q1 earnings for the rest of the index members that have reported would be up +15.4%.

GEPositive Net Change NFLXNegative Net Change HCAPositive Net Change

Sheraz Mian

Earnings Estimates Come Under Pressure Outside of Energy

Looking at Q1 as a whole, total S&P 500 earnings are expected to be up +6.6% on +11.1% higher revenues. This is a significant deceleration from what we have been seeing in the preceding quarters...

GEPositive Net Change NFLXNegative Net Change HCAPositive Net Change

Sheraz Mian

Positive Surprises at Covid Lows

Bigger-than-expected cost pressures are causing an above-average proportion of companies to miss earnings estimates at this stage in the 2022 Q1 season.

HALNegative Net Change NFLXNegative Net Change BKRNegative Net Change

Sheraz Mian

Mixed Start to Q1 Earnings Season

The JPMorgan (JPM) earnings 'miss' is hardly an outlier development in the 2022 Q1 reporting cycle. What we are seeing at this admittedly early stage is that while companies are easily beating top-line estimates, they seem to be having a hard time doing the same with consensus EPS estimate...

GSNegative Net Change BACPositive Net Change WFCPositive Net Change JPMPositive Net Change