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Earnings Outlook: Archive

Sheraz Mian

Breaking Down the Q4 Earnings Season Scorecard

Total Q4 earnings for the 83 S&P 500 members that have reported results so far are up +0.9% from the same period last year on +3.9% higher revenues. Big tech earnings loom - how will the market react?

AMZNNegative Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLPositive Net Change METANegative Net Change

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Q4 Earnings Season Kicks Off Positively

We are off to a good start in the Q4 earnings season, with an above-average proportion of companies beating EPS estimates. Will the trend continue?

BACPositive Net Change JPMPositive Net Change CPositive Net Change

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Q4 Earnings Season Gets Underway

Q4 earnings for the S&P 500 index are currently expected to be down -0.4% from the year-earlier level on +2.2% higher revenues. How will the market react?

JPMPositive Net Change PGRPositive Net Change

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Q4 Earnings Loom: What to Expect

Earnings estimates for Q4 have been steadily coming down since the quarter got underway, with the current -0.2% growth pace down from +5.5% in early October. Where do we go from here?

EMRPositive Net Change EDNegative Net Change AOSNegative Net Change

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Q4 Earnings: What Can Investors Expect?

Earnings estimates for Q4 have been steadily coming down since the quarter got underway, with the negative revisions trend fairly broad-based.

UALNegative Net Change DISNegative Net Change

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Looking Ahead to Q4 Earnings

Earnings estimates for Q4 have been steadily coming down since the quarter got underway, a reversal of the favorable revisions trend we have previously highlighted. Where do we go from here?

UALNegative Net Change DISNegative Net Change

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Has the Profit Cycle Bottomed?

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

TGTNegative Net Change WMTPositive Net Change

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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?

UALNegative Net Change DISNegative Net Change

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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.

PFEPositive Net Change LLYPositive Net Change GMPositive Net Change TSLAPositive Net Change

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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

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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.

AMZNNegative Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLPositive Net Change METANegative Net Change

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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 DALNegative Net Change PEPNegative Net Change

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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?

AMZNNegative Net Change AAPLPositive Net Change MSFTPositive Net Change NVDANegative Net Change TSLAPositive Net Change GOOGLPositive Net Change METANegative Net Change

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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

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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.

PHMNegative Net Change TOLPositive Net Change KBHPositive Net Change

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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

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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

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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

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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 TJXNegative Net Change

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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 TJXNegative Net Change WMTPositive Net Change

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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 TJXNegative Net Change WMTPositive Net Change

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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 TJXNegative Net Change WMTPositive Net Change HDNegative Net Change

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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.

AMZNNegative Net Change GOOGLPositive Net Change METANegative Net Change

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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.

MSFTPositive Net Change NVDANegative Net Change GOOGLPositive Net Change METANegative Net Change

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What Do the Q2 Earnings Reports Show?

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

MSFTPositive Net Change NFLXPositive Net Change GOOGLPositive Net Change METANegative Net Change