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NVDAPositive Net Change GOOGLPositive Net Change METAPositive Net Change

Looking Ahead to Q3 Earnings

by Sheraz MianPublished on September 13,2023

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?

TGTNegative Net Change TJXPositive Net Change

A Positive Earnings Revisions Trend Emerges

by Sheraz MianPublished on August 30,2023

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.

earnings retail

Earnings Remain Stable: No 'Cliff' in Sight

by Sheraz MianPublished on August 23,2023

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 WMTNegative Net Change

earnings retail

Q2 Earnings Confirm Improving Growth Trends

by Sheraz MianPublished on August 16,2023

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 WMTNegative Net Change HDPositive Net Change

earnings retail

Tech Sector's Earnings Outlook Reflects Improvement

by Sheraz MianPublished on August 09,2023

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.

AMZNPositive Net Change GOOGLPositive Net Change METAPositive Net Change

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Earnings Estimates Reflect Stabilization

by Sheraz MianPublished on August 02,2023

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

Strong Tech Results Reflect a Resilient Earnings Picture

by Sheraz MianPublished on July 26,2023

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.

AMZNPositive Net Change MSFTPositive Net Change GOOGLPositive Net Change METAPositive Net Change

Q2 Earnings Season Gets Off to a Positive Start

by Sheraz MianPublished on July 19,2023

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

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Q2 Results Likely to Reflect a Stabilizing Earnings Picture

by Sheraz MianPublished on July 12,2023

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.

WFCNegative Net Change JPMPositive Net Change CPositive Net Change

Bank Earnings Looming: What To Expect

by Sheraz MianPublished on July 05,2023

The Finance sector as a whole is expected to show +10.9% earnings growth in Q2 on +6.2% higher revenues. Where do we go from here?

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Q2 Earnings: What Can Investors Expect?

by Sheraz MianPublished on June 27,2023

We are off to a good start from the early Q2 results, with 91.7% beating EPS estimates and 75% beating revenue estimates. Will the trend continue?

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Q2 Earnings: An Early Preview

by Sheraz MianPublished on June 21,2023

Earnings estimates in the aggregate for the S&P 500 index have come down only a touch since the start of April, with several sectors starting to see positive estimate revisions.

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Looking Ahead to the Q2 Earnings Season

by Sheraz MianPublished on June 07,2023

Earnings estimates in the aggregate for the S&P 500 index have come down only a touch since the start of April, with a number of sectors starting to see positive estimate revisions.

PHMPositive Net Change DHIPositive Net Change NVRPositive Net Change

Assessing the Construction Sector's Favorable Earnings Outlook

by Sheraz MianPublished on May 31,2023

The Zacks Construction sector has been experiencing a trend reversal lately, with estimates for the group notably moving higher since the start of April 2023.

construction earnings

Earnings Outlook Reflects Stability

by Sheraz MianPublished on May 24,2023

The earnings picture defied the skeptics again in the 2023 Q1 cycle, with companies not only handily beating estimates but also providing reassuring enough guidance for the current coming quarters.

AMZNPositive Net Change MSFTPositive Net Change KBHPositive Net Change

AMZNPositive Net Change MSFTPositive Net Change KBHPositive Net Change

Decoding Recent Positive Earnings Estimate Revisions

by Sheraz MianPublished on May 17,2023

It's hard to know how enduring or otherwise this favorable recent turn in the revisions trend will be, but it is nevertheless a positive development.

AMZNPositive Net Change MSFTPositive Net Change KBHPositive Net Change

Analyzing Recent Earnings Estimate Revisions

by Sheraz MianPublished on May 10,2023

Since the start of April 2023, full-year 2023 earnings estimates have not only stabilized but have actually started going up modestly for several sectors. What is this telling us?

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Analyzing the Q1 Earnings Landscape

by Sheraz MianPublished on May 03,2023

Earnings growth is on track to be negative for the second consecutive quarter, with the trend of declining profits expected to continue in the current period. Where do we go from here?

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MSFTPositive Net Change UALPositive Net Change CMGPositive Net Change PEPNegative Net Change

2023 Q1 Earnings: Good Enough, but Not Great

by Sheraz MianPublished on April 26,2023

The picture emerging from the Q1 earnings season continues to be one of resilience and stability, with companies not only beating estimates but also providing a good-enough outlook in an uncertain macro environment.

BACPositive Net Change JPMPositive Net Change CPositive Net Change PNCPositive Net Change USBNegative Net Change MTBPositive Net Change

2023 Q1 Earnings Season Off to a Promising Start

by Sheraz MianPublished on April 19,2023

The 2023 Q1 earnings picture emerging at this early stage is one of resilience and stability, with an above-average proportion of companies beating estimates and providing a good-enough outlook in an uncertain macro environment.

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2023 Q1 Earnings Season Likely to Reflect Continued Margin Pressures

by Sheraz MianPublished on April 12,2023

2023 Q1 will be the 5th consecutive quarter of declining year-over-year net margins, with S&P 500 net margins expected to compress 147 basis points from the year-earlier level. With profitability in a crunch, where do we go from here?

JPMPositive Net Change CPositive Net Change

Bank Earnings Looming: What Can Investors Expect?

by Sheraz MianPublished on April 05,2023

The Finance sector enjoyed modest upward revisions to estimates in the first two months of the quarter until the Silicon Valley Bank episode. Are investors in for a surprise?

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Analyzing the Evolving Q1 Earnings Landscape

by Sheraz MianPublished on March 29,2023

As has been the case in recent quarters, estimates for 2023 Q1 have been steadily coming down. With negative sentiment taking hold, where do we go from here?