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Q4 Earnings Season Is Winding Down, Let's See What's Next

by Sheraz MianPublished on March 01,2023

Looking at 2022 Q4 as a whole, aggregate S&P 500 earnings are currently expected to be down -5.6% on +5.8% higher revenues. But what's next is crucial...

earnings retail

Exploring the Retail Sector and Looking Ahead to 2023 Earnings

by Sheraz MianPublished on February 22,2023

The only remaining points of interest in the 2022 Q4 reporting cycle pertain to results from traditional retailers, with Walmart (WMT) and Home Depot (HD) already out and the others on deck to report in the coming days.

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earnings retail

Making Sense of Earnings Estimate Revisions for Q1 FY23 and Beyond

by Sheraz MianPublished on February 15,2023

For 2023 Q1, S&P 500 earnings are currently expected to be down -8.3% on +2.1% higher revenues. This is down from -4% on January 6th and -2.9% in mid-December 2022.

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earnings finance tech-stocks

Breaking Down the Q4 Scorecard and the Evolving Earnings Outlook

by Sheraz MianPublished on February 08,2023

Looking at 2022 Q4 as a whole, aggregate S&P 500 earnings are currently expected to be down -5.8% on +5.3% higher revenues

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INTCNegative Net Change AMDNegative Net Change MSFTPositive Net Change

A Steady Earnings Picture, Without a 'Cliff' In Sight

by Sheraz MianPublished on February 01,2023

The Q4 earnings season continues to show that while growth is moderating and decelerating, it isn't falling off the cliff that many appeared to fear could be in store for us.

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Digging into the Early Q4 Earnings Season Scorecard

by Sheraz MianPublished on January 25,2023

Looking at 2022 Q4 as a whole, aggregate S&P 500 earnings are currently expected to be down -7.2% on +3.9% higher revenues. The question now is what's to come?

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A Good Enough Start to the Q4 Earnings Season

by Sheraz MianPublished on January 18,2023

We are off to a good-enough start to the 2022 Q4 season, with no signs yet of an impending earnings cliff that will prompt management teams to overwhelmingly guide lower. That said, companies appear to be struggling to beat consensus estimates...

earnings finance

Are Earnings Estimates at Risk of Big Cuts in the Days Ahead?

by Sheraz MianPublished on January 11,2023

Many in the market consider current earnings expectations to be too high and fear that the Q4 earnings season will cause estimates to be significantly lowered. Let's investigate...

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BACPositive Net Change WFCPositive Net Change JPMPositive Net Change CPositive Net Change

2022 Q4 Earnings Season Preview: Will Estimates Hold Their Ground?

by Sheraz MianPublished on January 06,2023

Many in the market consider current earnings expectations to be too high and fear that the Q4 earnings season will cause estimates to be lowered significantly. We strongly dispute the notion that earnings estimates remain out of sync with the economic ground reality...

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Earnings Estimates Keep Coming Down

by Sheraz MianPublished on November 30,2022

The trend of negative estimate revisions that was already firmly in place ahead of the start of the Q3 earnings season has further accelerated since then

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Evaluating Further Downside Risks to Earnings Estimates

by Sheraz MianPublished on November 16,2022

Full year 2023 earnings estimates have been coming down after peaking in mid-April, with the aggregate total down -8.4% from the peak for the index

earnings retail

Q3 Earnings Season - Better Than Expected or Lackluster?

by Sheraz MianPublished on November 10,2022

We discuss the big-picture takeaways from the Q3 earnings season and the forces that shaped it.

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Making Sense of the Earnings Picture and Estimate Revisions

by Sheraz MianPublished on November 09,2022

Looking at 2022 Q3 as a whole, total S&P 500 earnings are currently expected to be up +1.5% from the same period last year on +11.4% higher revenues. Excluding contributions from the Energy sector, Q3 earnings for the rest of the index would be -6.0%

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Breaking Down the Earnings Picture as Estimates Fade

by Sheraz MianPublished on November 02,2022

Overall corporate profitability isn't great, but it isn't bad either. That said, estimates for the coming periods are steadily coming down, with the revisions trend accelerating in recent days.

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The Earnings Picture Is Good, But Not Great

by Sheraz MianPublished on October 26,2022

The picture emerging from the 2022 Q3 earnings season continues to go against pre-season fears of an impending earnings cliff. Overall corporate profitability isn't great, but it isn't bad either.

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How Critical Is This Earnings Season?

by Sheraz MianPublished on October 20,2022

We discuss whether the Q3 earnings season will be able to reset market expectations for the coming periods.

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The Earnings Picture Is Good Enough, So Far

by Sheraz MianPublished on October 19,2022

The picture emerging from the 2022 Q3 earnings season belies pre-season fears of an impending earnings cliff. The overall corporate profitability picture isn't great, but it isn't bad either.

earnings finance

Breaking Down the Rough Start to Q3 Earnings Season

by Sheraz MianPublished on October 12,2022

The early 2022 Q3 results don't inspire a lot of confidence about the overall earnings picture. At this admittedly early stage, companies appear to be struggling to beat consensus estimates that had already come down significantly.

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What Will Q3 Earnings Season Tell Wall Street?

by Sheraz MianPublished on October 05,2022

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

earnings finance oil-energy

Are Earnings Estimates Out of Sync with the Economy?

by Sheraz MianPublished on September 28,2022

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

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earnings finance oil-energy

How Earnings Estimates are Evolving Amid Inflation and Higher Rates

by Sheraz MianPublished on September 21,2022

Q3 estimates have been cut for 14 of the 16 Zacks sectors since the quarter got underway, with the biggest declines at the Consumer Discretionary, Consumer Staples, Technology, Retail and Conglomerates sectors.

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Previewing the Q3 Earnings Season as Estimates Slide

by Sheraz MianPublished on September 07,2022

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset those estimate cuts elsewhere.

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Looking Ahead to Q3 Earnings Amid Persistent Inflation and Rising Rates

by Sheraz MianPublished on August 31,2022

Estimates for the last two quarters of this year and full-year 2023 are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.

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Making Sense of Fading Earnings Estimates

by Sheraz MianPublished on August 24,2022

Estimates for the last two quarters of this year and for next year are coming down, even though positive revisions to the Energy sector continue to partly offset estimate cuts elsewhere.