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Earnings Outlook: Archive

Sheraz Mian

Looking Ahead to the Q4 Earnings Season

These margin pressures have been a big contributing factor to the recent negative shift in the revisions trend, which consistently remained positive since July 2020. You can see this in the revisions trend for 2021 Q4...

AMZNNegative Net Change AAPLNegative Net Change

Sheraz Mian

Breaking Down the Outlook for Margins

Margin expectations embedded in current consensus earnings and revenue estimates for the coming periods suggest some pressures...

AMZNNegative Net Change AAPLNegative Net Change EATNegative Net Change

Sheraz Mian

Making Sense of the Evolving Earnings Picture

There was tangible nervousness in the market ahead of the start of the Q3 earnings season that these headwinds will start weighing on corporate profits through compressed margins...

AMZNNegative Net Change AAPLNegative Net Change EATNegative Net Change

Sheraz Mian

What Sectors Are Facing Margin Pressures?

We discuss the impact of ongoing headwinds on corporate profitability and identify the sectors most at risk of margin squeeze.

AMZNNegative Net Change AAPLNegative Net Change FDXNegative Net Change

Sheraz Mian

Looking at Margins in the Face of Inflationary & Logistical Issues

Rising cost pressures amid supply-chain disruptions and labor/material shortages are keeping trends in margins in the spotlight...

AMZNNegative Net Change AAPLNegative Net Change MCDNegative Net Change EATNegative Net Change KHCNegative Net Change

Sheraz Mian

A Very Strong and Improving Earnings Picture

For the 192 S&P 500 members that have reported Q3 results through Wednesday, October 27th, total earnings and revenues are up +37.6% and +15.3%, respectively from the same period last year...

MCDNegative Net Change EATNegative Net Change KHCNegative Net Change

Sheraz Mian

Sectors Expected to Outperform this Earnings Season

We discuss the earnings outlook for the different sectors in the current environment of rising costs and supply chain issues.

MSFTNegative Net Change FBNegative Net Change GOOGLNegative Net Change

Sheraz Mian

A Strong Earnings Picture Amid Global Headwinds

Looking at Q3 as a whole, total S&P 500 earnings are expected to be up +30.3% from the same period last year on +14.1% higher revenues....

NKENegative Net Change PGPositive Net Change EATNegative Net Change FDXNegative Net Change MKCPositive Net Change

Sheraz Mian

Solid Start to Q3 Earnings Season

For the 26 S&P 500 members that have reported Q3 results through Wednesday, October 13th, total earnings and revenues are up +32.6% and +17.6%, respectively...

GSNegative Net Change BACNegative Net Change JPMNegative Net Change MSPositive Net Change CNegative Net Change

Sheraz Mian

Q3 Earnings Season Gets Underway

Estimates for 2021 Q3, whose early reports have started coming out, have not moved up as much as had been the case in the comparable periods in the last few quarters. That said...

JPMNegative Net Change NKENegative Net Change ORCLNegative Net Change ADBENegative Net Change FDXNegative Net Change

Sheraz Mian

Previewing the Q3 Earnings Season

Estimates for 2021 Q3, whose early reports have started coming out, have not moved up as much as had been the case in the comparable periods in the last few quarters...

JPMNegative Net Change NKENegative Net Change ORCLNegative Net Change ADBENegative Net Change FDXNegative Net Change

Sheraz Mian

What Will Q3 Earnings Season Show?

We know that the earnings picture remains strong, even though the growth pace is expected to decelerate significantly in Q3 and beyond. What we don't know at this stage is...

JPMNegative Net Change NKENegative Net Change ORCLNegative Net Change ADBENegative Net Change FDXNegative Net Change LENPositive Net Change

Sheraz Mian

Earnings Estimates Have Stopped Going Up

We know that the earnings picture remains strong, even though the growth pace is expected to decelerate significantly in Q3 and beyond. What we don't know at this stage is...

JPMNegative Net Change NKENegative Net Change ORCLNegative Net Change FDXNegative Net Change

Sheraz Mian

Looking Ahead to the Q3 Earnings Season

We know that the earnings picture remains strong, even though the growth pace is expected to decelerate significantly in Q3 and beyond. What we don't know at this stage is...

JPMNegative Net Change NKENegative Net Change ORCLNegative Net Change FDXNegative Net Change

Sheraz Mian

Can Earnings Continue to Improve?

We know that the earnings picture remains strong, even though the growth pace is expected to decelerate significantly in Q3 and beyond. What we don't know at this stage is...

TGTNegative Net Change WMTNegative Net Change LOWPositive Net Change HDNegative Net Change

Sheraz Mian

Can Retail Earnings Hold up in the face of the Delta Variant?

We discuss the earnings outlook for the Retail space, particularly in the context of the rising fresh infection rates.

MNegative Net Change WMTNegative Net Change HDNegative Net Change

Sheraz Mian

Strong Retail Sector Earnings

Total earnings for these retailers are up +44.6% from the same period last year on +14.3% higher revenues...

TGTNegative Net Change WMTNegative Net Change LOWPositive Net Change HDNegative Net Change

Patrick Anderson

What Drove the Earnings Strength This Quarter?

We discuss what gave us the impressive results in Q2 and whether those factors will remain in place going forward or not.

QQQNegative Net Change SPYNegative Net Change VTINegative Net Change

Sheraz Mian

Taking Stock of the Impressive Earnings Picture

With the bulk of the Q2 earnings season now behind us, we can now say with full confidence that the earnings picture has not been this good in a long time.

AMZNNegative Net Change AAPLNegative Net Change MSFTNegative Net Change FBNegative Net Change GOOGLNegative Net Change

Sheraz Mian

What's Happening on the Earnings Front?

Total S&P 500 earnings are expected to be up +89.7% from the same period last year on +23.5% higher revenues, with the growth rate steadily going up as companies report better-than-expected results...

AMZNNegative Net Change AAPLNegative Net Change MSFTNegative Net Change FBNegative Net Change GOOGLNegative Net Change

Sheraz Mian

The Tech Sector's Enormous Earnings Power

The big 5 Tech companies-Apple, Microsoft, Alphabet, Amazon and Facebook-are combined expected to earn +79.4% more in Q2 on +35.7% higher revenues relative to the same period last year...

AMZNNegative Net Change AAPLNegative Net Change MSFTNegative Net Change XOMNegative Net Change FBNegative Net Change GOOGLNegative Net Change

Sheraz Mian

Why is the Market Unimpressed with Strong Earnings Results?

We discuss and make sense of the market's muted reaction to otherwise very strong earnings results.

BACNegative Net Change JPMNegative Net Change DFSNegative Net Change COFNo Net Change AXPNegative Net Change SYFNegative Net Change

Sheraz Mian

All-Around Earnings Strength

The picture emerging from the Q2 earnings season is one of all-around strength, with impressive momentum on the revenue side particularly notable...

XOMNegative Net Change MARNegative Net Change UALNegative Net Change GMPositive Net Change

Sheraz Mian

Strong Start to Q2 Earnings Season

For the 30 S&P 500 members that have reported Q2 results already, total earnings are up +244.3% on +14.2% higher revenues, with 90% beating both EPS and revenue estimates...

XOMNegative Net Change MARNegative Net Change UALNegative Net Change GMPositive Net Change

Sheraz Mian

Q2 Earnings Growth Reflects More Than Easy Comps

Q2 estimates also reflect genuine growth, with total index earnings expected to be up +9.6% from the pre-Covid 2019 Q2 period...

XOMNegative Net Change MARNegative Net Change UALNegative Net Change GMPositive Net Change