Back to top

Earnings Outlook: Archive

Sheraz Mian

Earnings Estimates Moving Lower as Growth Moderates

While Q3 results have been better than expected, there has been a notable acceleration in negative estimate revisions for 2023 Q4 over the last few weeks. Where do we go from here?

UALPositive Net Change DISNegative Net Change

Sheraz Mian

Earnings Estimates Come Under Pressure

While Q3 results have been better than expected, there is a notable acceleration in negative estimate revisions over the last few weeks, contrasting the largely favorable revisions trend of the preceding six months.

PFENegative Net Change LLYNegative Net Change GMNegative Net Change TSLAPositive Net Change

Sheraz Mian

Earnings Growth Turns Positive

With more than 60% of the Q3 results already out, earnings growth for the quarter is on track to turn positive despite the significant Energy sector drag.

CVXPositive Net Change XOMPositive Net Change

Sheraz Mian

The Earnings Picture Continues to Improve

Given the emerging consensus on the 'soft-landing' outlook, one can expect this favorable turn in the overall earnings picture to strengthen further as companies report Q3 results and share trends in underlying business.

AMZNPositive Net Change AAPLPositive Net Change MSFTNegative Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

Taking Stock of the Earnings Picture After the Early Releases

We discuss how the overall earnings picture is shaping up after the early Q3 results.

JPMPositive Net Change DALPositive Net Change PEPNegative Net Change

Sheraz Mian

The Q3 Earnings Season Kicks Off Positively

We are off to a good start in the Q3 earnings season, though the focus at this early stage has been largely on the Finance sector. With a flurry of reports slated to come in the weeks ahead, can the positivity continue?

AMZNPositive Net Change AAPLPositive Net Change MSFTNegative Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

Bank Earnings Loom: A Challenging Setup

The coming reports from the big banks will highlight multiple profitability headwinds. Still, sentiment surrounding the group remains so weak that even modestly positive results and commentary could push them higher.

WFCPositive Net Change JPMPositive Net Change

Sheraz Mian

The Q3 Earnings Season Kicks Off

We have regularly been flagging the steady improvement in the revisions trend since April 2023, which has become more entrenched in recent months.

PHMPositive Net Change TOLNegative Net Change KBHPositive Net Change

Sheraz Mian

What Can We Expect From Q3 Earnings?

For 2023 Q3, total S&P 500 earnings are currently expected to be down -2.2% from the same period last year on +0.8% higher revenues. How will the market react?

NVDANegative Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

Current Earnings Outlook Reflects Stability

We have regularly been flagging the steady improvement in the revisions trend since April 2023, with the trend becoming more entrenched in recent months.

NVDANegative Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

Looking Ahead to Q3 Earnings

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?

NVDANegative Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

A Positive Earnings Revisions Trend Emerges

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.

TGTNegative Net Change TJXPositive Net Change

Sheraz Mian

Key Takeaways from the Q2 Earnings Season

We discuss whether profitability concerns have been over-done and what that means for the outlook.

MNegative Net Change TGTNegative Net Change TJXPositive Net Change WMTPositive Net Change

Sheraz Mian

Earnings Remain Stable: No 'Cliff' in Sight

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 WMTPositive Net Change

Sheraz Mian

Q2 Earnings Confirm Improving Growth Trends

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 WMTPositive Net Change HDPositive Net Change

Sheraz Mian

Tech Sector's Earnings Outlook Reflects Improvement

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 METANegative Net Change

Sheraz Mian

Earnings Estimates Reflect Stabilization

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.

MSFTNegative Net Change NVDANegative Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

What Do the Q2 Earnings Reports Show?

We discuss whether profitability concerns have been over-done and what that means for the outlook.

MSFTNegative Net Change NFLXPositive Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

Strong Tech Results Reflect a Resilient Earnings Picture

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.

MSFTNegative Net Change NVDANegative Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

Q2 Earnings Season Gets Off to a Positive Start

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

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

Sheraz Mian

Q2 Results Likely to Reflect a Stabilizing Earnings Picture

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.

WFCPositive Net Change JPMPositive Net Change CNegative Net Change

Sheraz Mian

Bank Earnings Looming: What To Expect

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?

WFCPositive Net Change JPMPositive Net Change CNegative Net Change

Sheraz Mian

Q2 Earnings: What Can Investors Expect?

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?

NVDANegative Net Change METANegative Net Change

Sheraz Mian

Q2 Earnings: An Early Preview

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.

NVDANegative Net Change METANegative Net Change

Sheraz Mian

Looking Ahead to the Q2 Earnings Season

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.

NVDANegative Net Change METANegative Net Change