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Earnings Outlook: Archive

Sheraz Mian

Exploring the Improving Q3 Earnings Picture

The Q3 results out already reconfirm that the improving trend in the earnings outlook that we have been highlighting since early July is still very much in place...

NFLXPositive Net Change JPMPositive Net Change GSNegative Net Change

Sheraz Mian

Q3 Bank Earnings in the Spotlight Next Week

The big banks that will kick-start the Q3 earnings season for the Finance sector are expected to have fewer credit-quality issues relative to the first half, but overall profitability will remain constrained...

JPMPositive Net Change CPositive Net Change

Sheraz Mian

Looking at the Improving Outlook Ahead of Q3 Earnings Season

The outlook for corporate earnings has been steadily improving since early July, driven mostly by a better-than-expected economic recovery. This trend has been confirmed by the early 2020 Q3 recent earnings releases...

ORCLPositive Net Change NKEPositive Net Change MUNegative Net Change FDXNegative Net Change COSTPositive Net Change ADBEPositive Net Change

Sheraz Mian

Q3 Earnings Season Preview

For 2020 Q3, total S&P 500 earnings are expected to decline -23.1% on -2.9% lower revenues. This is an improvement from the -26.5% earnings decline expected at the start of July...

ORCLPositive Net Change NKEPositive Net Change LENPositive Net Change FDXNegative Net Change ADBEPositive Net Change

Sheraz Mian

Positive Start to the Q3 Earnings Season

For 2020 Q3, total S&P 500 earnings are expected to decline -23.5% on -3.1% lower revenues. This is an improvement from the -26.5% earnings decline expected at the start of July and follows the -32.1% earnings drop in Q2...

ORCLPositive Net Change LENPositive Net Change FDXNegative Net Change ADBEPositive Net Change

Sheraz Mian

Looking Ahead to the Q3 Earnings Season

For 2020 Q3, total S&P 500 earnings are expected to decline -23.9% on -3.3% lower revenues. This is an improvement from the -26.5% earnings decline expected at the start of July...

ORCLPositive Net Change NKEPositive Net Change FDXNegative Net Change ADBEPositive Net Change

Sheraz Mian

Big Tech's Earnings Power

This group of 5 Tech companies is on track to bring in 15.2% of the S&P 500 index's total earnings in 2020, up from 11.2% of the total in 2019...

XOMNegative Net Change MSFTPositive Net Change GOOGLPositive Net Change FBPositive Net Change CRMPositive Net Change AMZNPositive Net Change AAPLNegative Net Change

Sheraz Mian

Earnings Season Winding Down

Total earnings for the 469 S&P 500 members that have reported Q2 results already are down -32.5% on -10.0% lower revenues...

WHRPositive Net Change TXNNegative Net Change CTXSNegative Net Change AMDPositive Net Change

Sheraz Mian

Looking Ahead to a Better Earnings Picture

The revisions trend continues to improve, with estimates for the current period (2020 Q3) and beyond steadily going up, a notable shift in the post-pandemic earnings picture...

WHRPositive Net Change TXNNegative Net Change CTXSNegative Net Change AMDPositive Net Change

Sheraz Mian

Earnings Estimates Are Going Up

The revisions trend continues to improve, with estimates for the current period (2020 Q3) and beyond steadily going up, a notable shift in the post-pandemic earnings picture...

WHRPositive Net Change TXNNegative Net Change CTXSNegative Net Change AMDPositive Net Change

Sheraz Mian

An Improving Earnings Outlook Despite Covid-19 Concerns

The revisions trend has notably improved lately, with estimates for the current period (2020 Q3) and beyond continuing to go up. This is a notable shift in the post-pandemic earnings picture...

WHRPositive Net Change TXNNegative Net Change JPMPositive Net Change GSNegative Net Change

Sheraz Mian

Early Signs of Earnings Improvement

We are starting to see some early signs of improvement in earnings estimates for the current period (2020 Q3) and beyond...

WHRPositive Net Change TXNNegative Net Change JPMPositive Net Change GSNegative Net Change

Sheraz Mian

Q2 2020 Earnings Season Gets Underway

Including results from the major banks, we now have Q2 reports from 32 S&P 500 members, with total earnings for these 32 companies down -54.3% on -3.4% lower revenues...

WFCNegative Net Change JPMPositive Net Change GSNegative Net Change CPositive Net Change

Sheraz Mian

What Will Q2 Earnings Season Show?

Total S&P 500 earnings are expected to be down -44.4% on -10.9% lower revenues...

MSFTPositive Net Change GOOGLPositive Net Change FBPositive Net Change AMZNPositive Net Change AAPLNegative Net Change

Sheraz Mian

Previewing Q2 Earnings Season

Total S&P 500 earnings are expected to decline -44.1% in Q2 on -10.9% lower revenues...

MSFTPositive Net Change GOOGLPositive Net Change FBPositive Net Change AMZNPositive Net Change AAPLNegative Net Change

Sheraz Mian

Q2 Earnings Season Preview

The brunt of the Covid-19 earnings hit is expected to be in Q2 2020, but declines are expected to continue in the second half of the year as well...

JPMPositive Net Change DISPositive Net Change

Sheraz Mian

Will We See Earnings Trough in Q2?

The brunt of the earnings hit is expected to be in Q2 2020, but declines are expected to continue in the second half of the year as well, though the pace of declines decelerates significantly from the Q2 level...

JPMPositive Net Change DISPositive Net Change

Sheraz Mian

Earnings Picture to Improve After Q2

Estimates for Q2 and Q3 are still falling, with Q2 earnings now expected to decline -43.7% and Q3 expected to suffer a -26.2% decline...

JPMPositive Net Change DISPositive Net Change

Sheraz Mian

Covid-19 and Corporate Earnings

The Covid-19 pandemic has caused a significant drop in corporate profitability, with S&P 500 earnings for this year now expected to be down by more than one-fifth, with estimates still coming down...

JPMPositive Net Change DISPositive Net Change

Sheraz Mian

Covid-19 Impact on Earnings to Linger Through 2021

The Covid-19 pandemic has caused a significant drop in corporate profitability, with S&P 500 earnings for full-year 2020 now expected to be down -23.3%, with estimates still coming down...

JPMPositive Net Change DISPositive Net Change

Sheraz Mian

Covid-19 Pandemic Weighs on the Earnings Picture

The Covid-19 pandemic has caused a significant drop in corporate profitability, with S&P 500 earnings for full-year 2020 now expected to be down -22.9%, with estimates still coming down...

SBUXPositive Net Change PGPositive Net Change LUVNegative Net Change KOPositive Net Change GOOGLPositive Net Change FNegative Net Change DALPositive Net Change BAPositive Net Change AMDPositive Net Change

Sheraz Mian

Making Sense of the Pandemic Earnings Picture

The brunt of the earnings hit is expected to be in the current period (2020 Q2), but earnings growth is expected to remain negative in the second half of the year as well...

SBUXPositive Net Change PGPositive Net Change LUVNegative Net Change KOPositive Net Change GOOGLPositive Net Change FNegative Net Change DALPositive Net Change AMDPositive Net Change

Sheraz Mian

The Coronavirus Pandemic and its Impact on Corporate Earnings

For the 193 S&P 500 members that have reported Q1 results, total earnings or aggregate net income is down -17.1% on +0.6% higher revenues...

SBUXPositive Net Change PGPositive Net Change LUVNegative Net Change KOPositive Net Change GOOGLPositive Net Change FNegative Net Change DALPositive Net Change BAPositive Net Change AMDPositive Net Change

Sheraz Mian

Making Sense of the Earnings Picture During the Coronavirus

The ongoing Q1 earnings season is less about what happened in the January-through-March period and more about evolving expectations for the current and coming quarters, which continue to be set lower as a result of the pandemic...

TPositive Net Change PGPositive Net Change KOPositive Net Change KMBPositive Net Change

Sheraz Mian

Shaky Start to Q1 Earnings Season

Bank quarterly reports give us a sense of the earnings hit we have suffered as a result of this pandemic whose full impact will only show up in Q2...

JPMPositive Net Change CPositive Net Change BACPositive Net Change