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Estimates for the last two quarters of this year and for next year are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.
Q3 estimates have been cut for 13 of the 16 Zacks sectors since the quarter got underway, with the biggest declines at the Consumer Discretionary, Consumer Staples, Technology, Retail and Conglomerates sectors.
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.
The overall picture emerging from the Q2 earnings season at this admittedly early stage is inconsistent with an economy heading into a significant downturn.
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.
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...
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.
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...
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...
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...
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...
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...
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.
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...
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.
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.
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...
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...
Earnings Trends: Archive
Making Sense of Fading Earnings Estimates
by Sheraz Mian
Estimates for the last two quarters of this year and for next year are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.
TPositive Net Change MSFTPositive Net Change TGTPositive Net Change WMTNegative Net Change
earnings oil-energy
The Market Sectors Showing Resilience As Earnings Estimates Slip
by Sheraz Mian
Q3 estimates have been cut for 13 of the 16 Zacks sectors since the quarter got underway, with the biggest declines at the Consumer Discretionary, Consumer Staples, Technology, Retail and Conglomerates sectors.
TPositive Net Change MSFTPositive Net Change TGTPositive Net Change WMTNegative Net Change
earnings oil-energy
How Far Have Q3 Earnings Estimates Fallen?
by Sheraz Mian
The +2.4% earnings growth expected for the S&P 500 index in 2022 Q3 is down from...
TPositive Net Change MSFTPositive Net Change WMTNegative Net Change
earnings oil-energy
A Stable Earnings Picture Despite Many Headwinds
by Sheraz Mian
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.
TPositive Net Change MSFTPositive Net Change WMTNegative Net Change
consumer-staples earnings tech-stocks
Q2 Earnings Season Off to a Solid Start Despite Recession Fears
by Sheraz Mian
The overall picture emerging from the Q2 earnings season at this admittedly early stage is inconsistent with an economy heading into a significant downturn.
JPMPositive Net Change
earnings finance
Q2 Earnings Season Gets Underway
by Sheraz Mian
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.
NKEPositive Net Change GISNegative Net Change ORCLPositive Net Change FDXPositive Net Change LENPositive Net Change
earnings finance oil-energy
How Much Clarity Will the Q2 Earnings Season Provide?
by Sheraz Mian
The market has a sense of what should happen to earnings estimates, but it isn't seeing much of that just yet...
NKEPositive Net Change GISNegative Net Change ORCLPositive Net Change FDXPositive Net Change LENPositive Net Change
earnings finance oil-energy
Have Earnings Estimates Come Down Enough?
by Sheraz Mian
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...
NKEPositive Net Change GISNegative Net Change ORCLPositive Net Change FDXPositive Net Change LENPositive Net Change
consumer-staples energy oil-energy transportation
Will Earnings Estimates Finally Come Down?
by Sheraz Mian
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 CRMPositive Net Change TGTPositive Net Change WMTNegative Net Change LENPositive Net Change
earnings energy oil-energy
Looking Ahead to the Q2 Earnings Season as the Fed Hikes Rates
by Sheraz Mian
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 CRMPositive Net Change TGTPositive Net Change WMTNegative Net Change
earnings energy oil-energy
Breaking Down the Tech Sector's Earnings Outlook
by Sheraz Mian
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 GOOGLPositive Net Change
earnings tech-stocks
The Sectors Enjoying Positive Estimate Revisions Amid Economic Headwinds
by Sheraz Mian
Q2 earnings estimates have gone up for 6 sectors, with the biggest gains in the Energy sector, followed up by...
CSXNegative Net Change LUVNegative Net Change JBHTNegative Net Change
basic-materials oil-energy transportation
Making Sense of Target, Walmart and Disappointing Retail Results
by Sheraz Mian
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...
TGTPositive Net Change WMTNegative Net Change HDPositive Net Change
consumer-discretionary consumer-staples earnings retail
A Stable Earnings Picture Despite the Market Selloff
by Sheraz Mian
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 GOOGLPositive Net Change
earnings
Breaking Down the First Quarter Earnings Season So Far
by Sheraz Mian
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
earnings energy finance
Earnings Estimates Come Under Pressure Outside of Energy
by Sheraz Mian
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
earnings energy finance
Positive Surprises at Covid Lows
by Sheraz Mian
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.
HALNegative Net Change NFLXNegative Net Change BKRNegative Net Change
earnings energy tech-stocks
Mixed Start to Q1 Earnings Season
by Sheraz Mian
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...
GSPositive Net Change BACNegative Net Change WFCNegative Net Change JPMPositive Net Change
earnings energy finance
Are Earnings Estimates Going Down?
by Sheraz Mian
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 JPMPositive Net Change CPositive Net Change
earnings energy finance oil-energy
Keeping Track of The Earnings Revisions Trend
by Sheraz Mian
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
earnings energy finance
Q1 2022 Earnings Season Gets Underway
by Sheraz Mian
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
earnings oil-energy
Pressure on Earnings Estimates: What Sectors are Most Impacted?
by Sheraz Mian
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
earnings oil-energy transportation
A Rising Energy Sector Offsets Declines Elsewhere
by Sheraz Mian
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
earnings oil-energy transportation
Looking Ahead to the 2022 Q1 Earnings Season
by Sheraz Mian
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...
QQQPositive Net Change SPYPositive Net Change
earnings
Record Earnings in Q4 Despite Economic Headwinds
by Sheraz Mian
The aggregate total is on track to reach a new all-time quarterly record, which would mark the third quarter in a row of record dollar earnings...
QQQPositive Net Change SPYPositive Net Change
earnings