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Earnings Outlook: Archive

Sheraz Mian

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?

EMRNegative Net Change EDPositive Net Change AOSNegative 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 DISNegative 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 DISNegative Net Change

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Has the Profit Cycle Bottomed?

We discuss how the overall earnings picture is shaping up after the Q3 results.

TGTNegative Net Change WMTPositive 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 DISNegative 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 GMNegative Net Change TSLANegative 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.

CVXNegative Net Change XOMNegative 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.

AMZNNegative Net Change AAPLNegative Net Change MSFTPositive Net Change NVDAPositive Net Change TSLANegative Net Change GOOGLPositive Net Change METAPositive Net Change

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Taking Stock of the Earnings Picture After the Early Releases

We discuss how the overall earnings picture is shaping up after the early Q3 results.

JPMPositive Net Change DALNegative Net Change PEPPositive 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?

AMZNNegative Net Change AAPLNegative Net Change MSFTPositive Net Change NVDAPositive Net Change TSLANegative Net Change GOOGLPositive Net Change METAPositive 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.

WFCPositive Net Change JPMPositive 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?

NVDAPositive Net Change GOOGLPositive Net Change METAPositive 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.

NVDAPositive Net Change GOOGLPositive Net Change METAPositive 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?

NVDAPositive Net Change GOOGLPositive Net Change METAPositive Net Change

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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

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Key Takeaways from the Q2 Earnings Season

We discuss whether profitability concerns have been over-done and what that means for the outlook.

MNegative Net Change TGTNegative Net Change TJXPositive Net Change WMTPositive Net Change

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Earnings Remain Stable: No 'Cliff' in Sight

The evolving earnings outlook remains inconsistent with the long-feared 'earnings cliff' narrative, with estimates for several key sectors increasing.

TGTNegative Net Change TJXPositive Net Change WMTPositive Net Change

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Q2 Earnings Confirm Improving Growth Trends

We see the above-average Q2 EPS beats percentage as reflective of a favorable turn in underlying earnings trends.

TGTNegative Net Change TJXPositive Net Change WMTPositive Net Change HDNegative Net Change

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Tech Sector's Earnings Outlook Reflects Improvement

Q3 earnings estimates in the aggregate are barely down on an ex-Energy basis since June 27th, with estimates for the Tech sector actually increasing.

AMZNNegative Net Change GOOGLPositive Net Change METAPositive Net Change

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Earnings Estimates Reflect Stabilization

For the 335 S&P 500 companies that have reported Q2 results, total earnings are down -9.8% from the same period last year on +0.3% higher revenues. Soon, we'll hear from market heavyweights Apple and Amazon.

MSFTPositive Net Change NVDAPositive Net Change GOOGLPositive Net Change METAPositive Net Change

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What Do the Q2 Earnings Reports Show?

We discuss whether profitability concerns have been over-done and what that means for the outlook.

MSFTPositive Net Change NFLXPositive Net Change GOOGLPositive Net Change METAPositive Net Change

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Strong Tech Results Reflect a Resilient Earnings Picture

The picture emerging from the Q2 earnings season is one of continued resilience and strength, with an above-average proportion of companies beating estimates and providing reassuring guidance.

MSFTPositive Net Change NVDAPositive Net Change GOOGLPositive Net Change METAPositive Net Change

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Q2 Earnings Season Gets Off to a Positive Start

All the major banks came out with positive Q2 results and provided generally reassuring commentary. Now, we shift our focus to mega-cap technology.

AMZNNegative Net Change MSFTPositive Net Change GOOGLPositive Net Change METAPositive Net Change

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Q2 Results Likely to Reflect a Stabilizing Earnings Picture

Earnings estimates for Q2 came down as the quarter got underway, though the magnitude of cuts to estimates was notably below what we saw in other recent comparable periods.

WFCPositive Net Change JPMPositive Net Change CNegative Net Change