Back to top

Earnings Preview: Archive

Sheraz Mian

Making Sense of the Earnings Uncertainty

With respect to estimate revisions, Q1 estimates would have come down since the start of the period had it not been for the offsetting upward revisions to Energy sector estimates.

CAGPositive Net Change STZNegative Net Change LWNegative Net Change

Sheraz Mian

Breaking Down the Outlook for S&P 500 Margins

Revisions to the 2022 Q1 estimates are mixed, with estimates for 9 of the 16 Zacks sectors going down since the start of January, with the Consumer Discretionary, Transportation and Aerospace sectors suffering significant estimate cuts...

JPMNegative Net Change PAYXNegative Net Change MUNegative Net Change

Sheraz Mian

A Cloudier Earnings Outlook

The outlook for earnings had started easing even before the recent geopolitical developments. We saw this in the revisions trend, which had been mixed at best.

JPMNegative Net Change NKENegative Net Change DRIPositive Net Change ORCLNegative Net Change FDXPositive Net Change

Sheraz Mian

What to Expect from the Q1 2022 Earnings Season

The expectation currently is for 2022 Q1 estimates to be up +3.7% from the same period last year on +9.8% higher revenues...

JPMNegative Net Change ORCLNegative Net Change COSTPositive Net Change AZOPositive Net Change FDXPositive Net Change LENNegative Net Change

Sheraz Mian

Previewing the 2022 Q1 Earnings Season

The outlook for earnings had started easing even before the recent geopolitical developments. The expectation currently is for 2022 Q1 earnings to be...

JPMNegative Net Change COSTPositive Net Change AZOPositive Net Change SPYNegative Net Change

Sheraz Mian

Focusing on the Retail Sector as Q4 Earnings Season Winds Down

Total Q4 earnings for these retailers are up +53.6% from the same period last year on +7.5% higher revenues, with 80% beating EPS estimates and an equal proportion beating revenue estimates...

WMTPositive Net Change

Sheraz Mian

Tech Earnings Impress in the Face of Economic Headwinds

For the quarter, these Big 5 Tech companies combined earned $98.6 billion in earnings on $408.6 billion in revenues, representing year-over-year growth rates of +26.7% and +15.3%, respectively...

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

Sheraz Mian

The Outlook for Tech Stocks in a Rising Rate Environment

Under this new monetary policy regime of shrinking liquidity and rising interest rates, high growth stocks in the Technology sector become less attractive. You can see this play out in the chart below...

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

Sheraz Mian

3 Things to Know About the Q4 Earnings Season

It is this margins outlook that will determine how the revisions trend evolves through this earnings season, though estimates for the current period (2022 Q1) are holding up a lot better than was the case at the comparable time in the preceding quarter...

AAPLNegative Net Change MCDPositive Net Change

Sheraz Mian

Banks Provide Mixed Start to Q4 Earnings Season

We now have results from 17.6% of the sector's market capitalization in the S&P 500 index. Total earnings for these Finance sector companies are up +3.6% from the same period last year on +1.8% higher revenues...

JPMNegative Net Change CNegative Net Change

Sheraz Mian

Q4 Earnings Preview: What to Expect from JPMorgan and the Big Banks

Bank stocks have perked up lately, as the outlook for interest rates has become more favorable to the group's business. Here's what to expect from big banks such as JPMorgan's Q4 FY21 results...

WFCNegative Net Change JPMNegative Net Change CNegative Net Change BLKPositive Net Change

Sheraz Mian

Q4 Earnings Season Gets Underway

The aggregate quarterly earnings estimate has been coming down, after 'peaking' in mid-October...

DRIPositive Net Change FDXPositive Net Change

Sheraz Mian

The Retail Sector Margin Squeeze

All of the big retailers had to spend more to keep shelves stocked, with freight expenses a major drag on margins and outlook...

AMZNNegative Net Change TGTPositive Net Change WMTPositive Net Change

Sheraz Mian

What's Going on with Earnings in Q4 and Beyond?

Even as estimates for 2021 Q4 have modestly come down, they continue to move up for next year...

TGTPositive Net Change WMTPositive Net Change NVDANegative Net Change

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 PYPLNegative 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 AAPLNegative Net Change MSFTNegative Net Change FBNegative Net Change GOOGLNegative 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 AAPLNegative Net Change AMDNegative Net Change MSFTNegative Net Change SBUXPositive Net Change FBNegative Net Change TWTRPositive Net Change GOOGLNegative 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.

INTCPositive Net Change JNJNegative Net Change NFLXNegative Net Change PGPositive Net Change TSLANegative 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...

BACNegative Net Change JPMNegative Net Change MSFTNegative Net Change NKENegative Net Change FASTPositive Net Change ORCLNegative 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...

JPMNegative Net Change NKENegative Net Change PEPPositive Net Change ORCLNegative Net Change ADBENegative Net Change FDXPositive Net Change BBBYPositive Net Change STZNegative 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...

JPMNegative Net Change NKENegative Net Change MUNegative Net Change MCKNegative Net Change CTASNegative Net Change ORCLNegative 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...

JPMNegative Net Change NKENegative Net Change ORCLNegative Net Change COSTPositive 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.

JPMNegative Net Change NKENegative Net Change ORCLNegative Net Change COSTPositive 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