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Earnings Preview: Archive

Sheraz Mian

Here's What to Expect from Big Tech Earnings

Beyond the big 5 Tech players, total Q3 earnings for the Technology sector as a whole are expected to be down -14.1% from the same period last year on +1.8% higher revenues...

AMZNNegative Net Change AAPLNegative Net Change MSFTPositive Net Change GOOGLPositive Net Change SNAPNegative Net Change METAPositive Net Change

Sheraz Mian

Can Bank Stocks Maintain the Recent Momentum?

The market liked what it saw in the quarterly releases from JPMorgan (JPM), Citigroup (C) and even Wells Fargo (WFC) on an otherwise down day for the indexes.

WFCNegative Net Change JPMNegative Net Change MSNegative Net Change CNegative Net Change JNJPositive Net Change NFLXNegative Net Change PGPositive Net Change

Sheraz Mian

Why Is the Market So Down on Big Bank Stocks?

The big bank stocks have been laggards in the ongoing market pullback, though the Finance sector as a whole has held up relatively well on the back of strength in the insurance and regional bank spaces.

JPMNegative Net Change CNegative Net Change NKEPositive Net Change MUNegative Net Change FDXNegative Net Change

Sheraz Mian

Previewing Q3 Earnings Season After Rough Reports from Nike and Micron

We are starting to look at these early reports from FedEx, Nike, Micron and others for their fiscal periods ending in August as giving us a preview of what likely lies ahead as the banks kick-off the Q3 reporting cycle in about two weeks

NKEPositive Net Change MUNegative Net Change CAGPositive Net Change FDXNegative Net Change STZNegative Net Change

Sheraz Mian

Recession Fears and the Earnings Outlook

The Fed has been in tightening mode for a while now, but the unequivocally tough message since Jackson Hole took concrete shape after the recent FOMC meeting. Everyone in the markets appears to have finally 'received the memo'

NKEPositive Net Change MUNegative Net Change ADBENegative Net Change FDXNegative Net Change

Sheraz Mian

Reading Q3 Earnings Tea Leaves After the FedEx Bombshell

The shortfall in FedEx Ground, the unit that is tied closely to e-commerce deliveries in the U.S., has read-through implications for the U.S. consumer and operators in the digital economy.

ACNNegative Net Change UPSNegative Net Change GISPositive Net Change COSTPositive Net Change ADBENegative Net Change FDXNegative Net Change

Sheraz Mian

Exploring the Energy Sector's Ongoing Earnings Boom

The sector's expected earnings haul in 2022, as well as current estimates for the next two years, represent all-time records for the space, easily surpassing the previous record set in 2008 when oil prices had gone above $140 per barrel.

BPPositive Net Change CVXPositive Net Change XOMPositive Net Change

Sheraz Mian

Exploring Weak Retail Sector Earnings and Guidance

The overall trend emerging from the Retail sector's Q2 results has been on the weak side, with most operators suffering from softening sales, rising expenses, bigger than expected inventory builds and lowered guidance for the current period.

AMZNNegative Net Change HPQNegative Net Change BBYNegative Net Change LULUNegative Net Change

Sheraz Mian

3 Key Takeaways from Q2 Earnings Season

The Q2 earnings season has turned out to be a lot better relative to what the market feared. While some companies did guide lower, most either reiterated guidance or actually raised their outlook.

RLNegative Net Change DISNegative Net Change NWSNegative Net Change FOXPositive Net Change

Sheraz Mian

Apple, Amazon & Big Tech Showcase Their Earnings Power Once Again

No company is completely immune from cyclical forces. But even after conceding that point, it is hard not to be impressed with the strength of the Apple, Amazon and Microsoft numbers...

AMZNNegative Net Change AAPLNegative Net Change MSFTPositive Net Change XOMPositive Net Change WMTPositive Net Change EXPEPositive Net Change GOOGLPositive Net Change BKNGNegative Net Change UBERNegative Net Change ABNBNegative Net Change METAPositive Net Change

Sheraz Mian

Previewing Big Tech Earnings Ahead of a Huge Week for Wall Street

Beyond the big 5 Tech players, total Q2 earnings for the Technology sector as a whole are expected to be down -8.9% from the same period last year on +2.8% higher revenues...

AMZNNegative Net Change AAPLNegative Net Change MSFTPositive Net Change GOOGLPositive Net Change METAPositive Net Change

Sheraz Mian

Breaking Down JPMorgan, Citi & Big Bank Earnings

Both JPMorgan and Citi showed strength in Main Street banking, helping partly offset weakness in Wall Street activities

WFCNegative Net Change JPMNegative Net Change CNegative Net Change

Sheraz Mian

Previewing JPMorgan and the Big Banks to Kick Off Q2 Earnings Season

Bank stocks have been big-time laggards in the ongoing market pullback. This is despite the fact that core features of the economy have been stable and rising interest rates are generally expected to benefit banks since they help expand their margins...

JPMNegative Net Change CNegative Net Change DALNegative Net Change PEPNegative Net Change

Sheraz Mian

Looking for Guidance to Reset Earnings Expectations

With respect to the evolution of earnings estimates, we should point out that while estimates have come down a bit, they are nowhere near what would be consistent with a significant economic slowdown...

MSFTPositive Net Change ACNNegative Net Change ADBENegative Net Change FDXNegative Net Change KBHNegative Net Change LENNegative Net Change

Sheraz Mian

Previewing the Q2 Earnings Season as Inflation Soars

If we look at the revisions trend in the aggregate, at the S&P 500 level, we don't see a lot of movement, as you can see in the chart below that plots the evolution of aggregate Q2 earnings growth estimates for the index since the start of 2022.

KRPositive Net Change ORCLNegative Net Change COSTPositive Net Change ADBENegative Net Change AZONegative Net Change

Sheraz Mian

Breaking Down Earnings Amid Fed Tightening, Economic Slowdown Fears

There are some in the market that can't see the Fed getting on top of the inflation problem without pushing the economy into a recession. Yet, a recessionary outcome for the economy is neither the consensus view, nor what the Zacks economic team is projecting at present...

KRPositive Net Change

Sheraz Mian

Breaking Down the Earnings Outlook After Retailers Disappoint

The stock market has been merciless in response to disappointing Q1 results, with Walmart (WMT) and Target (TGT) the most recent victims. Here's how the earnings outlook is shaping up near the end of the Q1 earnings season...

AMZNNegative Net Change TGTNegative Net Change EBAYPositive Net Change EXPEPositive Net Change

Sheraz Mian

Previewing Retail Sector Earnings as Inflation Climbs

With respect to the Retail sector's 2022 Q1 earnings season scorecard, we now have results from 21 of the 34 retailers in the S&P 500 index. Here's how the companies are performing so far and what to expect...

TGTNegative Net Change WMTPositive Net Change CVSNegative Net Change COSTPositive Net Change

Sheraz Mian

The Energy Sector is Surging: How Sustainable Are Earnings?

There is no surprise why these companies are enjoying the sunshine, given what's been happening to oil and natural gas prices lately. But what's next?

CVXPositive Net Change XOMPositive Net Change

Sheraz Mian

Making Sense of Tech Sector Earnings After a Big Week of Results

Total Q1 earnings for the 'Big 5 Tech' players are down -8.4% from the same period last year on +11.4% higher revenues, with a 421 basis-points (bps) compression in net margins

AMZNNegative Net Change AAPLNegative Net Change MSFTPositive Net Change FBPositive Net Change GOOGLPositive Net Change TDOCNegative Net Change

Sheraz Mian

Previewing Tech Earnings After Netflix's Fiasco

The rude shock from the streaming giant has put the spotlight on other Tech leaders that are on deck to report March-quarter results next week.

AMZNNegative Net Change AAPLNegative Net Change MSFTPositive Net Change KONegative Net Change LUVNegative Net Change NFLXNegative Net Change MMMPositive Net Change PEPNegative Net Change FBPositive Net Change GOOGLPositive Net Change

Sheraz Mian

Making Sense of Bank Earnings Amid Market and Economic Uncertainty

For the Zacks Major Banks industry, which includes Citi and JPMorgan and accounts for roughly 40% of total Finance sector earnings, total Q1 earnings are on track to be down -32.9% from the same period last year on +0.6% higher revenues.

GSNegative Net Change JPMNegative Net Change CNegative Net Change

Sheraz Mian

Can Bank Stocks Get Their Mojo Back with Q1 Results?

For the Zacks Major Banks industry, which includes these major banks and accounts for roughly 45% of the Finance sector's earnings, 2022 Q1 earnings are expected to decline -36.2% on -1.4% lower revenues.

GSNegative Net Change BACNegative Net Change JPMNegative Net Change

Sheraz Mian

Making Sense of the Earnings Uncertainty

With respect to estimate revisions, Q1 estimates would have come down since the start of the period had it not been for the offsetting upward revisions to Energy sector estimates.

CAGPositive Net Change STZNegative Net Change LWPositive Net Change

Sheraz Mian

Breaking Down the Outlook for S&P 500 Margins

Revisions to the 2022 Q1 estimates are mixed, with estimates for 9 of the 16 Zacks sectors going down since the start of January, with the Consumer Discretionary, Transportation and Aerospace sectors suffering significant estimate cuts...

JPMNegative Net Change PAYXNegative Net Change MUNegative Net Change