Back to top

Earnings Outlook: Archive

Sheraz Mian

Q3 Earnings Season - Better Than Expected or Lackluster?

We discuss the big-picture takeaways from the Q3 earnings season and the forces that shaped it.

MSFTNegative Net Change KONegative Net Change ADBEPositive Net Change

Sheraz Mian

Making Sense of the Earnings Picture and Estimate Revisions

Looking at 2022 Q3 as a whole, total S&P 500 earnings are currently expected to be up +1.5% from the same period last year on +11.4% higher revenues. Excluding contributions from the Energy sector, Q3 earnings for the rest of the index would be -6.0%

DDPositive Net Change TTWOPositive Net Change DISNegative Net Change VTRSNegative Net Change

Sheraz Mian

Breaking Down the Earnings Picture as Estimates Fade

Overall corporate profitability isn't great, but it isn't bad either. That said, estimates for the coming periods are steadily coming down, with the revisions trend accelerating in recent days.

AMZNPositive Net Change AAPLPositive Net Change MSFTNegative Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

The Earnings Picture Is Good, But Not Great

The picture emerging from the 2022 Q3 earnings season continues to go against pre-season fears of an impending earnings cliff. Overall corporate profitability isn't great, but it isn't bad either.

AMZNPositive Net Change MSFTNegative Net Change UPSNegative Net Change FDXNegative Net Change GOOGLPositive Net Change

Sheraz Mian

How Critical Is This Earnings Season?

We discuss whether the Q3 earnings season will be able to reset market expectations for the coming periods.

BACPositive Net Change JPMPositive Net Change AAPLPositive Net Change

Sheraz Mian

The Earnings Picture Is Good Enough, So Far

The picture emerging from the 2022 Q3 earnings season belies pre-season fears of an impending earnings cliff. The overall corporate profitability picture isn't great, but it isn't bad either.

BACPositive Net Change UALPositive Net Change PGNegative Net Change JBHTNegative Net Change GISNegative Net Change PEPNegative Net Change

Sheraz Mian

Breaking Down the Rough Start to Q3 Earnings Season

The early 2022 Q3 results don't inspire a lot of confidence about the overall earnings picture. At this admittedly early stage, companies appear to be struggling to beat consensus estimates that had already come down significantly.

CCLPositive Net Change NKEPositive Net Change FDXNegative Net Change

Sheraz Mian

What Will Q3 Earnings Season Tell Wall Street?

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

CCLPositive Net Change NKEPositive Net Change FDXNegative Net Change

Sheraz Mian

Are Earnings Estimates Out of Sync with the Economy?

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

ACNNegative Net Change GISNegative Net Change ORCLPositive Net Change COSTPositive Net Change ADBEPositive Net Change FDXNegative Net Change LENPositive Net Change

Sheraz Mian

How Earnings Estimates are Evolving Amid Inflation and Higher Rates

Q3 estimates have been cut for 14 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.

ACNNegative Net Change GISNegative Net Change ORCLPositive Net Change ADBEPositive Net Change

Sheraz Mian

Previewing the Q3 Earnings Season as Estimates Slide

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset those estimate cuts elsewhere.

JPMPositive Net Change ORCLPositive Net Change COSTPositive Net Change FDXNegative Net Change

Sheraz Mian

Looking Ahead to Q3 Earnings Amid Persistent Inflation and Rising Rates

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

TPositive Net Change MSFTNegative Net Change TGTNegative Net Change WMTPositive Net Change

Sheraz Mian

Making Sense of Fading Earnings Estimates

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 MSFTNegative Net Change TGTNegative Net Change WMTPositive Net Change

Sheraz Mian

The Market Sectors Showing Resilience As Earnings Estimates Slip

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 MSFTNegative Net Change TGTNegative Net Change WMTPositive Net Change

Sheraz Mian

How Far Have Q3 Earnings Estimates Fallen?

The +2.4% earnings growth expected for the S&P 500 index in 2022 Q3 is down from...

TPositive Net Change MSFTNegative Net Change WMTPositive Net Change

Sheraz Mian

Looking for Signs of Recession in the Earnings Data

With the bulk of the Q2 earnings season now behind us, we discuss the key trends emerging from this reporting cycle.

KNegative Net Change BKNGNegative Net Change

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.

MSFTNegative Net Change GOOGLPositive Net Change SNAPPositive 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.

TPositive Net Change MSFTNegative Net Change WMTPositive 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.

JPMPositive 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.

NKEPositive Net Change GISNegative Net Change ORCLPositive Net Change FDXNegative Net Change LENPositive 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...

NKEPositive Net Change GISNegative Net Change ORCLPositive Net Change FDXNegative Net Change LENPositive 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...

NKEPositive Net Change GISNegative Net Change ORCLPositive Net Change FDXNegative Net Change LENPositive 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.

MSFTNegative Net Change CRMPositive Net Change TGTNegative Net Change WMTPositive Net Change LENPositive 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...

MSFTNegative Net Change CRMPositive Net Change TGTNegative Net Change WMTPositive 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 AAPLPositive Net Change MSFTNegative Net Change GOOGLPositive Net Change