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Earnings Preview: Archive

Sheraz Mian

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...

JPMNegative Net Change CPositive Net Change

Sheraz Mian

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...

WFCNegative Net Change JPMNegative Net Change CPositive Net Change BLKPositive Net Change

Sheraz Mian

Q4 Earnings Season Gets Underway

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

DRINegative Net Change FDXNegative Net Change

Sheraz Mian

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...

AMZNNegative Net Change TGTNegative Net Change WMTNegative Net Change

Sheraz Mian

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...

TGTNegative Net Change WMTNegative Net Change NVDANegative Net Change

Sheraz Mian

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...

AMZNNegative Net Change DISNegative Net Change DRHNegative Net Change PYPLNegative Net Change

Sheraz Mian

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...

AMZNNegative Net Change AAPLPositive Net Change MSFTNegative Net Change FBPositive Net Change GOOGLNegative Net Change

Sheraz Mian

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...

AMZNNegative Net Change AAPLPositive Net Change AMDNegative Net Change MSFTNegative Net Change SBUXPositive Net Change FBPositive Net Change TWTRPositive Net Change GOOGLNegative Net Change SNAPNegative Net Change SPOTPositive Net Change

Sheraz Mian

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.

INTCNegative Net Change JNJNegative Net Change NFLXNegative Net Change PGNegative Net Change TSLANegative Net Change SNAPNegative Net Change

Sheraz Mian

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...

BACNegative Net Change JPMNegative Net Change MSFTNegative Net Change NKEPositive Net Change FASTNegative Net Change ORCLPositive Net Change ADBENegative Net Change FDXNegative Net Change

Sheraz Mian

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...

JPMNegative Net Change NKEPositive Net Change PEPNegative Net Change ORCLPositive Net Change ADBENegative Net Change FDXNegative Net Change BBBYPositive Net Change STZNegative Net Change

Sheraz Mian

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...

JPMNegative Net Change NKEPositive Net Change MUNegative Net Change MCKPositive Net Change CTASNegative Net Change ORCLPositive Net Change ADBENegative Net Change FDXNegative Net Change

Sheraz Mian

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...

JPMNegative Net Change NKEPositive Net Change ORCLPositive Net Change COSTNegative Net Change FDXNegative Net Change

Sheraz Mian

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.

JPMNegative Net Change NKEPositive Net Change ORCLPositive Net Change COSTNegative Net Change FDXNegative Net Change

Sheraz Mian

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...

KRNegative Net Change GMENegative Net Change LULUNegative Net Change CPRTPositive Net Change RHNegative Net Change

Sheraz Mian

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...

UALPositive Net Change LUVNegative Net Change UPSPositive Net Change FDXNegative Net Change

Sheraz Mian

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...

SPYNegative Net Change SPSMNegative Net Change

Sheraz Mian

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...

TGTNegative Net Change WMTNegative Net Change NVDANegative Net Change HDNegative Net Change

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The 3 Most Notable Features of 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...

EBAYNegative Net Change DISNegative Net Change TSNNegative Net Change

Sheraz Mian

Is Big Tech Growth Really Decelerating?

You can see this long-term growth trajectory in the chart below that shows the group's earnings and revenue growth on an annual basis...

AMZNNegative Net Change AAPLPositive Net Change MSFTNegative Net Change FBPositive Net Change GOOGLNegative Net Change

Sheraz Mian

Big Tech Earnings Preview: Apple, Amazon and Other Market Movers

Beyond the big 5 Tech players, total Q2 earnings for the Technology sector as a whole are expected to be up +37.3% from the same period last year on +19.5% higher revenues...

AMZNNegative Net Change AAPLPositive Net Change MSFTNegative Net Change TSLANegative Net Change FBPositive Net Change TWTRPositive Net Change SNAPNegative Net Change SPOTPositive Net Change

Sheraz Mian

Q2 Earnings Reports Confirm Economic Boom Ahead

We are off to a great start in the Q2 earnings season, with 2021 Q2 earnings projected to climb 14.5% above the comparable pre-Covid 2019 period...

WFCNegative Net Change JPMNegative Net Change CPositive Net Change TXNNegative Net Change IBMNegative Net Change JNJNegative Net Change NFLXNegative Net Change

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Previewing Q2 FY21 Bank Earnings

The overall set up for bank earnings remains positive, with the stocks likely reversing their recent interest rate-centric weakness...

GSNegative Net Change BACNegative Net Change JPMNegative Net Change CPositive Net Change MSFTNegative Net Change UNHPositive Net Change DALPositive Net Change FASTNegative Net Change ORCLPositive Net Change COSTNegative Net Change TSMNegative Net Change

Sheraz Mian

Durable Earnings Growth Expected

The double-digit earnings growth expected in each of the next two years suggests the market isn't looking for a one-off rebound this year, but rather an enduring growth cycle...

GSNegative Net Change WFCNegative Net Change JPMNegative Net Change ORCLPositive Net Change COSTNegative Net Change WDFCNegative Net Change LEVINegative Net Change

Sheraz Mian

Making Sense of Q2 Earnings Season Expectations

The strong earnings growth we saw in Q1 and the even stronger growth expected in Q2 is also reflective of genuine growth in the absolute sense.

JPMNegative Net Change NKEPositive Net Change ORCLPositive Net Change COSTNegative Net Change FDXNegative Net Change SPYNegative Net Change