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Earnings Outlook: Archive

Sheraz Mian

Taking Stock of the Earnings Picture

With the Q2 earnings season at the half-way mark, we discuss the key trends emerging from this reporting cycle.

MSFTPositive Net Change GOOGLPositive Net Change SNAPNegative Net Change METANegative 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.

TNegative Net Change MSFTPositive Net Change WMTNegative 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.

JPMNegative 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 GISPositive 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 GISPositive 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 GISPositive 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.

MSFTPositive Net Change CRMNegative Net Change TGTNegative Net Change WMTNegative 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...

MSFTPositive Net Change CRMNegative Net Change TGTNegative Net Change WMTNegative 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...

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

CSXPositive 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 WMTNegative 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...

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

Sheraz Mian

Tech Earnings Outlook Amid Nasdaq Turmoil

Tech earnings have been mixed, but there are plenty of areas in the sector that are still thriving.

AMZNPositive Net Change NFLXNegative Net Change SPYNegative 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 HCANegative 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 HCANegative Net Change

Sheraz Mian

How Are Companies Navigating the Inflationary Waters?

We discuss what impact the ongoing inflationary trends is having on the earnings picture.

NFLXNegative Net Change PGNegative Net Change TSLAPositive 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.

HALPositive Net Change NFLXNegative Net Change BKRPositive 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 BACNegative Net Change WFCPositive Net Change JPMNegative Net Change

Sheraz Mian

Are Earnings Estimates Going Down?

Excluding the negative revisions to the Finance sector, 2022 Q1 estimates for the remaining sectors would be up +0.6%. On the flip side, aggregate quarterly estimates would be down -1.7% had it not been for the positive revisions to the Energy sector estimates.

BACNegative Net Change JPMNegative Net Change CNegative Net Change

Sheraz Mian

Keeping Track of The Earnings Revisions Trend

Earnings growth was all along expected to decelerate in the current and coming periods on account of normalization and tough comparisons. But now macroeconomic headwinds are adding to the moderating growth outlook.

GEPositive Net Change LUVNegative Net Change LVSNegative Net Change HLTNegative Net Change

Sheraz Mian

Q1 2022 Earnings Season Gets Underway

Total S&P 500 earnings for the first quarter of 2022 are expected to be up +3.6% from the same period last year on +10.1% higher revenues.

GEPositive Net Change LUVNegative Net Change LVSNegative Net Change HLTNegative Net Change

Sheraz Mian

Corporate Earnings, Inflation & Ukraine

We discuss what impact the ongoing inflationary trends and the situation in Ukraine is having on the earnings picture.

TGTNegative Net Change WMTNegative Net Change LOWNegative Net Change HDNegative Net Change

Sheraz Mian

Pressure on Earnings Estimates: What Sectors are Most Impacted?

Estimates have been going down for 9 of the 16 Zacks sectors since the start of the year, with the biggest declines in the Consumer Discretionary, Utilities, Transportation, and Conglomerates sectors...

GEPositive Net Change LUVNegative Net Change LVSNegative Net Change HLTNegative Net Change

Sheraz Mian

A Rising Energy Sector Offsets Declines Elsewhere

Energy sector estimates had been going up as a result of rising oil prices, even before the Ukraine situation and we can see this within all of the major players in the sector...

GEPositive Net Change LVSNegative Net Change HLTNegative Net Change

Sheraz Mian

Looking Ahead to the 2022 Q1 Earnings Season

Total S&P 500 earnings for the first quarter of 2022 are expected to be up +3.7% from the same period last year on +9.5% higher revenues...

QQQNegative Net Change SPYNegative Net Change