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Earnings Preview: Archive

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A Cloudier Earnings Outlook

The outlook for earnings had started easing even before the recent geopolitical developments. We saw this in the revisions trend, which had been mixed at best.

JPM NKE DRI ORCL FDX

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What to Expect from the Q1 2022 Earnings Season

The expectation currently is for 2022 Q1 estimates to be up +3.7% from the same period last year on +9.8% higher revenues...

JPM ORCL COST AZO FDX LEN

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Previewing the 2022 Q1 Earnings Season

The outlook for earnings had started easing even before the recent geopolitical developments. The expectation currently is for 2022 Q1 earnings to be...

JPM COST AZO SPY

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Focusing on the Retail Sector as Q4 Earnings Season Winds Down

Total Q4 earnings for these retailers are up +53.6% from the same period last year on +7.5% higher revenues, with 80% beating EPS estimates and an equal proportion beating revenue estimates...

WMT

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Tech Earnings Impress in the Face of Economic Headwinds

For the quarter, these Big 5 Tech companies combined earned $98.6 billion in earnings on $408.6 billion in revenues, representing year-over-year growth rates of +26.7% and +15.3%, respectively...

AMZN AAPL MSFT FB GOOGL

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The Outlook for Tech Stocks in a Rising Rate Environment

Under this new monetary policy regime of shrinking liquidity and rising interest rates, high growth stocks in the Technology sector become less attractive. You can see this play out in the chart below...

AMZN AAPL MSFT FB GOOGL

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3 Things to Know About the Q4 Earnings Season

It is this margins outlook that will determine how the revisions trend evolves through this earnings season, though estimates for the current period (2022 Q1) are holding up a lot better than was the case at the comparable time in the preceding quarter...

AAPL MCD

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Banks Provide Mixed Start to Q4 Earnings Season

We now have results from 17.6% of the sector's market capitalization in the S&P 500 index. Total earnings for these Finance sector companies are up +3.6% from the same period last year on +1.8% higher revenues...

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Q4 Earnings Preview: What to Expect from JPMorgan and the Big Banks

Bank stocks have perked up lately, as the outlook for interest rates has become more favorable to the group's business. Here's what to expect from big banks such as JPMorgan's Q4 FY21 results...

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Q4 Earnings Season Gets Underway

The aggregate quarterly earnings estimate has been coming down, after 'peaking' in mid-October...

DRI FDX

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The Retail Sector Margin Squeeze

All of the big retailers had to spend more to keep shelves stocked, with freight expenses a major drag on margins and outlook...

AMZN TGT WMT

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What's Going on with Earnings in Q4 and Beyond?

Even as estimates for 2021 Q4 have modestly come down, they continue to move up for next year...

TGT WMT NVDA

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Are Earnings Estimates Going Down?

Earnings and revenue growth has come down in the ongoing Q3 earnings season from the first-half's breakneck speed, but...

AMZN DIS DRH PYPL

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Even Big Tech Has Supply Chain Problems

A recurring theme this earnings season has been supply-chain woes and shortages of essential inputs, as well as labor, with not even the mighty Apple (AAPL) and Amazon (AMZN) immune from the issues...

AMZN AAPL MSFT FB GOOGL

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Previewing Big Tech Earnings: Apple, Microsoft and Other Giants

The chart below shows the earnings and revenue picture for this group of 5 companies in the aggregate, on a quarterly basis, with expectations for 2021 Q3 highlighted...

AMZN AAPL AMD MSFT SBUX FB TWTR GOOGL SNAP SPOT

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Into the Heart of Q3 Earnings Season

The big banks got us off to a flying start in this Q3 earnings season, but we will get a true sense of how good or otherwise the corporate profitability picture is after seeing the coming week's reporting docket.

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What Will Q3 Bank Earnings Show?

The Zacks Major Banks industry's Q3 earnings are expected to be up +11.2% on +2.5% higher revenues...

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Clouds on the Earnings Horizon

Unlike the last few quarters when the earnings picture remained unequivocally positive and reassuring, we may be starting to see some clouds emerge on the horizon as look ahead to the start of the Q3 earnings season...

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Making Sense of the Q3 Earnings Picture and Beyond

Recent updates on the revisions trends have been somewhat disconcerting, as you can see in the chart below that tracks the evolution of Q3 earnings growth expectations...

JPM NKE MU MCK CTAS ORCL ADBE FDX

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The Start of Q3 Earnings Season

Unlike Q3 GDP growth estimates, earnings expectations for the period have not been revised lower, but the revisions trend has nevertheless lost its earlier momentum...

JPM NKE ORCL COST FDX

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Delta and the Q3 Earnings Season

The ongoing resurge in Covid infections has started weighing on near-term economic outlook, with estimates of Q3 GDP growth sharply coming down in recent days.

JPM NKE ORCL COST FDX

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Q3 Earnings Season Preview

Comparisons will be relatively normal in Q3 and beyond since the U.S. economy began reopening in the year-earlier period, hence the expected deceleration in the growth pace...

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What to Expect from Airline Industry Earnings

Airline companies have benefited from the economic reopening and the easing of travel restrictions, reversing the earlier losses suffered as the pandemic took hold...

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Taking Stock of Small-Cap Earnings

This note takes a look at the 2021 Q2 earnings season and the evolving earnings picture for the current and coming quarters for the small-cap S&P 600 (SPSM) index...

SPY SPSM

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3 Things to Know About the Q2 Earnings Season

The first notable feature of the Q2 earnings season is the impressive momentum on the revenue side, both in terms of growth rate, as well as the beats percentages...

TGT WMT NVDA HD