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Earnings Outlook: Archive

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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 GOOGLNegative 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.

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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.

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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?

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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.

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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 GOOGLNegative 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 TJXPositive 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 TJXPositive 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 TJXPositive 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 TJXPositive 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.

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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.

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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 GOOGLNegative Net Change METANegative Net Change

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Strong Tech Results Reflect a Resilient Earnings Picture

The picture emerging from the Q2 earnings season is one of continued resilience and strength, with an above-average proportion of companies beating estimates and providing reassuring guidance.

MSFTPositive Net Change NVDANegative Net Change GOOGLNegative Net Change METANegative Net Change

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Q2 Earnings Season Gets Off to a Positive Start

All the major banks came out with positive Q2 results and provided generally reassuring commentary. Now, we shift our focus to mega-cap technology.

AMZNNegative Net Change MSFTPositive Net Change GOOGLNegative Net Change METANegative Net Change

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Q2 Results Likely to Reflect a Stabilizing Earnings Picture

Earnings estimates for Q2 came down as the quarter got underway, though the magnitude of cuts to estimates was notably below what we saw in other recent comparable periods.

WFCPositive Net Change JPMPositive Net Change CPositive Net Change

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Bank Earnings Looming: What To Expect

The Finance sector as a whole is expected to show +10.9% earnings growth in Q2 on +6.2% higher revenues. Where do we go from here?

WFCPositive Net Change JPMPositive Net Change CPositive Net Change

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Q2 Earnings: What Can Investors Expect?

We are off to a good start from the early Q2 results, with 91.7% beating EPS estimates and 75% beating revenue estimates. Will the trend continue?

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Q2 Earnings: An Early Preview

Earnings estimates in the aggregate for the S&P 500 index have come down only a touch since the start of April, with several sectors starting to see positive estimate revisions.

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Looking Ahead to the Q2 Earnings Season

Earnings estimates in the aggregate for the S&P 500 index have come down only a touch since the start of April, with a number of sectors starting to see positive estimate revisions.

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Assessing the Construction Sector's Favorable Earnings Outlook

The Zacks Construction sector has been experiencing a trend reversal lately, with estimates for the group notably moving higher since the start of April 2023.

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Earnings Outlook Reflects Stability

The earnings picture defied the skeptics again in the 2023 Q1 cycle, with companies not only handily beating estimates but also providing reassuring enough guidance for the current coming quarters.

AMZNNegative Net Change MSFTPositive Net Change KBHNegative Net Change

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Key Takeaways from the Q1 Earnings Season

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

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Decoding Recent Positive Earnings Estimate Revisions

It's hard to know how enduring or otherwise this favorable recent turn in the revisions trend will be, but it is nevertheless a positive development.

AMZNNegative Net Change MSFTPositive Net Change KBHNegative Net Change

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Analyzing Recent Earnings Estimate Revisions

Since the start of April 2023, full-year 2023 earnings estimates have not only stabilized but have actually started going up modestly for several sectors. What is this telling us?

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