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Earnings Preview: Archive

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...

JPMPositive Net Change NKENegative Net Change MUPositive Net Change MCKNegative 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...

JPMPositive Net Change NKENegative Net Change ORCLPositive Net Change COSTPositive 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.

JPMPositive Net Change NKENegative Net Change ORCLPositive Net Change COSTPositive 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...

KRPositive Net Change GMENegative Net Change LULUNegative Net Change CPRTNegative Net Change RHPositive 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...

UALNegative Net Change LUVPositive Net Change UPSNegative 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...

TGTPositive Net Change WMTPositive Net Change NVDANegative Net Change HDPositive Net Change

Sheraz Mian

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...

AMZNPositive Net Change AAPLNegative Net Change MSFTPositive Net Change FBNegative 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...

AMZNPositive Net Change AAPLNegative Net Change MSFTPositive Net Change TSLANegative Net Change FBNegative Net Change TWTRPositive Net Change SNAPNegative Net Change SPOTNegative 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 JPMPositive Net Change CPositive Net Change TXNPositive Net Change IBMPositive Net Change JNJNegative Net Change NFLXNegative Net Change

Sheraz Mian

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 BACPositive Net Change JPMPositive Net Change CPositive Net Change MSFTPositive Net Change UNHNegative Net Change DALNegative Net Change FASTPositive Net Change ORCLPositive Net Change COSTPositive Net Change TSMPositive 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 JPMPositive Net Change ORCLPositive Net Change COSTPositive Net Change WDFCNegative Net Change LEVIPositive 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.

JPMPositive Net Change NKENegative Net Change ORCLPositive Net Change COSTPositive Net Change FDXNegative Net Change SPYNegative Net Change

Sheraz Mian

Is It Just Easy Comps Giving Us Strong Earnings Growth?

Earnings growth was very strong in Q1 2021 and is expected to be even stronger in the Q2 reporting cycle, with comparisons to the comparable Covid-depressed periods of 2020 a major source of the growth.

QQQNegative Net Change SPYNegative Net Change DIANegative Net Change

Sheraz Mian

Q2 2021 Earnings Season Preview

Even relative to the pre-Covid 2019 Q2 period, 2021 Q2 earnings are expected to be up +7.9%...

AAPLNegative Net Change

Sheraz Mian

Looking Ahead to Q2 Earnings Season

You can see that 2021 Q2 earnings for the S&P 500 index are expected to be up +58.4% from the Covid-hit 2020 Q2 period...

NVDANegative Net Change DGNegative Net Change COSTPositive Net Change AZOPositive Net Change CRMNegative Net Change

Sheraz Mian

Revved Up Auto Sector Earnings Outlook

Total Q1 earnings for the sector were up +608.9% from the same period last year on +11% higher revenues...

TGTPositive Net Change HDPositive Net Change WMTPositive Net Change ORLYPositive Net Change TSLANegative Net Change KMXPositive Net Change

Sheraz Mian

Earnings Boom for Housing and Construction

The goal in this piece is to share with you the very impressive Q1 results and rising estimates outlook for the economically sensitive sectors like Construction and others...

PWRPositive Net Change DISNegative Net Change EAPositive Net Change LENNegative Net Change DHINegative Net Change BABANegative Net Change GOOSNegative Net Change ABNBNegative Net Change DASHNegative Net Change

Sheraz Mian

Big Tech's Best Growth Days May Be Behind It

Our sense is that this is probably as good as it ever will get, with the growth trajectory steadily decelerating going forward...

MSFTPositive Net Change AMZNPositive Net Change AAPLNegative Net Change FBNegative Net Change GOOGLNegative Net Change

Zacks Equity Research

Shell (RDS.A) Gears Up for Q1 Earnings: What's in Store?

Shell's (RDS.A) Q1 upstream production is estimated between 2,400 and 2,475 thousand barrels of oil equivalent per day (boe/d) due to the Texas winter storm.

CVXPositive Net Change COGPositive Net Change BPPositive Net Change RDS.APositive Net Change

Sheraz Mian

Previewing Big Tech Earnings

Technology stocks have been less than stellar performers this year. Will tech turn things around during first quarter earnings season?

MSFTPositive Net Change AMZNPositive Net Change AAPLNegative Net Change TSLANegative Net Change FBNegative Net Change GOOGLNegative Net Change SPOTNegative Net Change

Sheraz Mian

Big Banks Foreshadow the Improving 2021 Earnings Picture

The positive bank results aren't just reflective of business conditions in the first quarter of 2021, but rather a function of growing optimism about the coming quarters...

IBMPositive Net Change CSXNegative Net Change NFLXNegative Net Change PGNegative Net Change

Sheraz Mian

Looking Ahead to Big Banks' Q1 Earnings

The large money-center banks have enjoyed an amazing run this year, with these stocks handily outperforming not only the broader market but also many of last year's hot stocks.

JPMPositive Net Change NKENegative Net Change FASTPositive Net Change DALNegative Net Change COSTPositive Net Change FDXNegative Net Change WFCNegative Net Change TSLANegative Net Change

Sheraz Mian

A Very Strong Q1 and 2021 Earnings Picture

This improving trend in estimate revisions accelerated over the last few months, as the chart below highlighting the evolution of 2021 Q1 earnings growth estimates shows...

JPMPositive Net Change NKENegative Net Change MUPositive Net Change MCKNegative Net Change COSTPositive Net Change FDXNegative Net Change LULUNegative Net Change BBNegative Net Change