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Earnings Preview: Archive

Sheraz Mian

Three Reasons Why the Coronavirus Economic Recovery will be Quick

All indicators suggest that this recession will be unlike any we have experienced in the past, with a sharp downturn in economic activities and employment, followed by a reasonably quick recovery...

NFLXNegative Net Change GOOGLPositive Net Change FBPositive Net Change CPBPositive Net Change AVGOPositive Net Change AMZNPositive Net Change

Sheraz Mian

Looking Ahead to a Coronavirus-Damaged Q2 Earnings Season

In the pre-Covid world, the expectation was for earnings growth to resume in 2020 and continue into next year. But then the pandemic arrived and those expectations adjusted...

DGPositive Net Change CRMPositive Net Change COSTPositive Net Change AZONegative Net Change

Sheraz Mian

Previewing the Retail Sector's First Coronavirus Earnings Season

The Retail space has been hit hard by the pandemic-related lockdowns. But not all of them belong on the 'victims' list...

WMTPositive Net Change TJXPositive Net Change TGTPositive Net Change NVDAPositive Net Change MPositive Net Change KSSPositive Net Change JWNPositive Net Change HDPositive Net Change EXPEPositive Net Change DEPositive Net Change BABAPositive Net Change AMZNPositive Net Change

Sheraz Mian

Is Wall Street Oblivious of Main Street Pain?

Total earnings or aggregate net income for these 434 S&P 500 index members that have reported already are down -10.6% from the same period last year on +1.1% higher revenues...

UAAPositive Net Change NFLXNegative Net Change NCLHPositive Net Change CSCOPositive Net Change AMZNPositive Net Change AMATPositive Net Change

Sheraz Mian

Tech Sector Shows its Earnings Power

Total Q1 earnings for these Tech companies that have reported are up +6.2% from the same period last year on +4.5% higher revenues...

UBERPositive Net Change PTONPositive Net Change MSFTPositive Net Change LYVPositive Net Change GRUBPositive Net Change GOOGLPositive Net Change GMPositive Net Change DISPositive Net Change ATVINegative Net Change AMZNPositive Net Change

Sheraz Mian

Previewing Tech Sector Earnings

The focus will be on the Technology leaders like Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Facebook (FB), Amazon (AMZN) and others that are coming out with results this week...

MSFTPositive Net Change INTCPositive Net Change GOOGLPositive Net Change FBPositive Net Change AMZNPositive Net Change AAPLPositive Net Change

Sheraz Mian

Is the Market Ahead of Itself?

The numbers will get bad in the current period (2020 Q2), really bad, before they start getting better...

NFLXNegative Net Change LUVPositive Net Change INTCPositive Net Change IBMPositive Net Change

Sheraz Mian

What to Expect from Big Bank Earnings Amid the Coronavirus?

The S&P 500 index is now down -14% this year through Thursday, April 9, while the Major Banks industry is still down more than -37%. This underperformance is not surprising, given the group's exposure to a sharp economic downturn...

WFCPositive Net Change SLBPositive Net Change NKEPositive Net Change KSUPositive Net Change JPMPositive Net Change JNJPositive Net Change FDXPositive Net Change COSTPositive Net Change CPositive Net Change BACPositive Net Change ABTPositive Net Change

Sheraz Mian

Corporate Earnings & the Coronavirus Pandemic

Calculating the coronavirus pandemic's earnings impact is no simple matter. At a minimum, we need to know how long will the pandemic last, without which it is impossible to know when 'normalcy' will return to our lives and businesses will reopen...

WFCPositive Net Change NKEPositive Net Change JPMPositive Net Change FDXPositive Net Change COSTPositive Net Change

Sheraz Mian

Has the Market Bottomed Already?

We will discuss below whether the market has bottomed already or not, but this week's record-setting rebound has reemphasized the importance of staying invested to participate in rallies...

WFCPositive Net Change WBAPositive Net Change STZPositive Net Change NKEPositive Net Change JPMPositive Net Change

Sheraz Mian

The Market's Worst Days are Behind Us

With the S&P 500 index historically losing about a third of its value in response to recessions, it is reasonable to expect that the bulk of the pullback is behind us at this stage...

WFCPositive Net Change NKEPositive Net Change MUNegative Net Change JPMPositive Net Change FDXPositive Net Change CTASPositive Net Change COSTPositive Net Change ADBEPositive Net Change

Sheraz Mian

Previewing the 2020 Q1 Earnings Season

From our standpoint, the 2020 Q1 earnings season has actually gotten underway already. And we have another 8 S&P 500 members with fiscal quarters ending in February on deck to report such 2020 Q1 results this week...

WFCPositive Net Change ORCLPositive Net Change NKEPositive Net Change JPMPositive Net Change FDXPositive Net Change COSTPositive Net Change AZONegative Net Change ADBEPositive Net Change

Sheraz Mian

Spotlight on Retail Sector Earnings

The Q4 earnings season has effectively come to an end for most of the major sectors, with the Retail sector as the only one that has a significant number of reports still to come...

TJXPositive Net Change SBUXPositive Net Change NVDAPositive Net Change MPositive Net Change JCPPositive Net Change HDPositive Net Change BBYPositive Net Change AAPLPositive Net Change

Sheraz Mian

Key Takeaways from the Q4 Earnings Season

With more than three quarters of Q4 results already in, we can confidently say that overall earnings picture continues to improve. Here are the key takeaways from the Q4 earnings season...

WMTPositive Net Change SBUXPositive Net Change RCLPositive Net Change NVDAPositive Net Change NCLHPositive Net Change EXPPositive Net Change DISPositive Net Change DEPositive Net Change

Sheraz Mian

3 Things to Know About the Q4 Earnings Season

We can say with a fair amount of confidence that the Q4 earnings season has turned out to be a good one. We share below the three main takeaways from the results thus far...

TRIPPositive Net Change SBUXPositive Net Change PEPPositive Net Change NVDAPositive Net Change EXPEPositive Net Change DISPositive Net Change CSCOPositive Net Change AMATPositive Net Change

Sheraz Mian

Impressive Tech Sector Earnings

Earnings growth was negative for the vital Tech sector in the first three quarters of 2019 and Q4 earnings season was expected to give us another decline. But that's not how this earnings season has unfolded for Tech...

TWTRPositive Net Change SPOTPositive Net Change QCOMPositive Net Change MSFTPositive Net Change INTCPositive Net Change GOOGLPositive Net Change AAPLPositive Net Change

Sheraz Mian

Previewing Tech Sector Earnings

We have had a good run this earnings season thus far, with decent momentum on the revenues side and an above-average proportion of companies beating top-line estimates.

MSFTPositive Net Change INTCPositive Net Change FBPositive Net Change AMZNPositive Net Change AMDPositive Net Change AAPLPositive Net Change

Sheraz Mian

Q4 Earnings Season Showing Revenue Momentum

We are starting to see clear signs of momentum on the revenue side in the Q4 results that we have seen already. This could very well be a head fake and a reflection of our desire to look for 'green shoots' in the earnings landscape...

PGNegative Net Change NFLXNegative Net Change JNJPositive Net Change INTCPositive Net Change

Sheraz Mian

Can Earnings Reports Push Bank Stocks Even Higher?

The Zacks Major Banks industry has outperformed the broader market over the last year. So will earnings push Bank Stocks, like JPMorgan (JPM) and Bank of America (BAC), even higher?

WFCPositive Net Change NKEPositive Net Change JPMPositive Net Change GMPositive Net Change FDXPositive Net Change CPositive Net Change BACPositive Net Change

Sheraz Mian

Q4 Earnings Season Preview

By the time JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C) come out with their December-quarter results January 14th, we will have seen Q4 results from 20 S&P 500 members already.

WFCPositive Net Change WBAPositive Net Change STZPositive Net Change LENPositive Net Change JPMPositive Net Change CPositive Net Change

Sheraz Mian

Previewing the Q4 2019 Earnings Season

The December-quarter reporting season will not take the spotlight till we get into the New Year and the big banks start reporting results in mid-January. But the reporting season will actually get underway this week...

ORCLPositive Net Change JPMPositive Net Change COSTPositive Net Change AZONegative Net Change ADBEPositive Net Change

Sheraz Mian

Making Sense of Retail Earnings

The picture emerging out of the Q3 earnings season for the traditional brick-and-mortar retailers is at best mixed. Here's what we learned...

WMTPositive Net Change TGTPositive Net Change MPositive Net Change KSSPositive Net Change HDPositive Net Change

Sheraz Mian

What Ails Macy's (M) and the Other Department Store Stocks?

Not all retailers have been able to capitalize on this favorable consumer spending environment. The stock market performance of traditional retailers like Macy's (M) shows this divergence in stark terms...

WMTPositive Net Change TGTPositive Net Change MPositive Net Change KSSPositive Net Change JWNPositive Net Change HDPositive Net Change DGPositive Net Change

Sheraz Mian

Were Q3 Earnings Estimates Too Low?

The popular narrative about the Q3 earnings season is that the actual results look better only relative to the very low levels to which estimates had fallen. But is this true?

WMTPositive Net Change URIPositive Net Change TXNPositive Net Change NVDAPositive Net Change KSUPositive Net Change HASPositive Net Change FASTPositive Net Change FPositive Net Change DOVPositive Net Change CSCOPositive Net Change

Sheraz Mian

A Reassuring Q3 Earnings Picture

With results from more than 70% of S&P 500 members already out, we have a representative enough sample to judge the Q3 earnings season...

URIPositive Net Change TXNPositive Net Change KSUPositive Net Change HASPositive Net Change FASTPositive Net Change FPositive Net Change DOVPositive Net Change