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Earnings Preview: Archive

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 MSFTNegative Net Change FBNegative 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 MSFTNegative Net Change SBUXNegative Net Change FBNegative Net Change TWTRPositive Net Change GOOGLPositive Net Change SNAPPositive Net Change SPOTNegative Net Change

Sheraz Mian

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.

INTCNegative Net Change JNJNegative Net Change NFLXNegative Net Change PGNegative Net Change TSLAPositive Net Change SNAPPositive Net Change

Sheraz Mian

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 MSFTNegative Net Change NKEPositive Net Change FASTNegative Net Change ORCLPositive Net Change ADBENegative Net Change FDXPositive Net Change

Sheraz Mian

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 BBBYPositive Net Change STZPositive Net Change

Sheraz Mian

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 MUPositive Net Change MCKNegative Net Change CTASNegative 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...

KRNegative Net Change GMEPositive Net Change LULUPositive Net Change CPRTNegative 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

Sheraz Mian

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

Sheraz Mian

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 WMTNegative Net Change NVDAPositive Net Change HDNegative Net Change

Sheraz Mian

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...

EBAYNegative Net Change DISNegative 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 MSFTNegative Net Change FBNegative 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 MSFTNegative Net Change TSLAPositive Net Change FBNegative Net Change TWTRPositive Net Change SNAPPositive 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 TXNPositive Net Change IBMNegative Net Change JNJNegative Net Change NFLXNegative Net Change

Sheraz Mian

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 MSFTNegative Net Change UNHNegative Net Change DALPositive Net Change FASTNegative Net Change ORCLPositive Net Change COSTNegative Net Change TSMPositive Net Change

Sheraz Mian

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 WDFCNegative Net Change LEVIPositive Net Change

Sheraz Mian

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.

QQQPositive Net Change SPYPositive Net Change DIANegative Net Change

Sheraz Mian

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

Sheraz Mian

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...

NVDAPositive Net Change DGPositive Net Change COSTNegative Net Change AZONegative Net Change CRMNegative 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 HDNegative Net Change WMTNegative Net Change ORLYNegative Net Change TSLAPositive 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...

PWRPositive Net Change DISNegative Net Change EANegative Net Change LENNegative Net Change DHIPositive Net Change BABANegative Net Change GOOSPositive Net Change ABNBNegative Net Change DASHPositive Net Change

Sheraz Mian

Big Tech's Best Growth Days May Be Behind It

Our sense is that this is probably as good as it ever will get, with the growth trajectory steadily decelerating going forward...

MSFTNegative Net Change AMZNNegative Net Change AAPLPositive Net Change FBNegative Net Change GOOGLPositive Net Change