Back to top

Image: Bigstock

Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, FedEx, and Adobe

Read MoreHide Full Article

For Immediate Release

Chicago, IL – January 6, 2022 – Zacks Director of Research Sheraz Mian says, "Earnings season has actually gotten underway already, with results from 16 S&P 500 members out at this stage."

Handicapping Q4 Earnings Season

Note: The following is an excerpt from this week’sEarnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

The 2021 Q4 reporting cycle will really get going with the January 14th quarterly reports from JPMorgan (JPM - Free Report) , Wells Fargo (WFC - Free Report) and others. But the earnings season has actually gotten underway already, with results from 16 S&P 500 members out at this stage.

These 16 index members include operators such as FedEx (FDX - Free Report) , Adobe (ADBE - Free Report) and others that have fiscal quarters ending in November, which we count as part of our Q4 tally. By the time the big banks put a spotlight on the Q4 earnings season, we will have seen such early results from almost two dozen index members.

It is too early to draw any firm conclusions from the 16 index members that have reported already, but we are off to a good start. Total earnings for these 16 index members are up +32.5% from the same period last year on +18.8% higher revenues, with 87.5% beating EPS and revenue estimates. This is better than what we saw from this same group of 16 companies in the preceding reporting cycle.

Looking at Q4 as a whole, total earnings for the quarter are expected to be up +19.8% from the same period last year on +11.6% higher revenues.

The growth pace decelerates significantly in the following periods.

We remain positive in our earnings outlook, as we see the overall growth picture steadily improving, as the near-term logistical issues get addressed.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

Follow us on Twitter:  https://twitter.com/zacksresearch

Join us on Facebook:  https://www.facebook.com/ZacksInvestmentResearch/

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Published in