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Earnings Preview: Archive

Sheraz Mian

Recession Fears and the Earnings Outlook

The Fed has been in tightening mode for a while now, but the unequivocally tough message since Jackson Hole took concrete shape after the recent FOMC meeting. Everyone in the markets appears to have finally 'received the memo'

NKENegative Net Change MUNegative Net Change ADBENegative Net Change FDXPositive Net Change

Sheraz Mian

Reading Q3 Earnings Tea Leaves After the FedEx Bombshell

The shortfall in FedEx Ground, the unit that is tied closely to e-commerce deliveries in the U.S., has read-through implications for the U.S. consumer and operators in the digital economy.

ACNPositive Net Change UPSNegative Net Change GISPositive Net Change COSTNegative Net Change ADBENegative Net Change FDXPositive Net Change

Sheraz Mian

Exploring the Energy Sector's Ongoing Earnings Boom

The sector's expected earnings haul in 2022, as well as current estimates for the next two years, represent all-time records for the space, easily surpassing the previous record set in 2008 when oil prices had gone above $140 per barrel.

BPNegative Net Change CVXNegative Net Change XOMNegative Net Change

Sheraz Mian

Exploring Weak Retail Sector Earnings and Guidance

The overall trend emerging from the Retail sector's Q2 results has been on the weak side, with most operators suffering from softening sales, rising expenses, bigger than expected inventory builds and lowered guidance for the current period.

AMZNPositive Net Change HPQNegative Net Change BBYNegative Net Change LULUNegative Net Change

Sheraz Mian

3 Key Takeaways from Q2 Earnings Season

The Q2 earnings season has turned out to be a lot better relative to what the market feared. While some companies did guide lower, most either reiterated guidance or actually raised their outlook.

RLNegative Net Change DISNegative Net Change NWSPositive Net Change FOXPositive Net Change

Sheraz Mian

Apple, Amazon & Big Tech Showcase Their Earnings Power Once Again

No company is completely immune from cyclical forces. But even after conceding that point, it is hard not to be impressed with the strength of the Apple, Amazon and Microsoft numbers...

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change XOMNegative Net Change WMTNegative Net Change EXPEPositive Net Change GOOGLPositive Net Change BKNGPositive Net Change UBERPositive Net Change ABNBPositive Net Change METANegative Net Change

Sheraz Mian

Previewing Big Tech Earnings Ahead of a Huge Week for Wall Street

Beyond the big 5 Tech players, total Q2 earnings for the Technology sector as a whole are expected to be down -8.9% from the same period last year on +2.8% higher revenues...

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change GOOGLPositive Net Change METANegative Net Change

Sheraz Mian

Breaking Down JPMorgan, Citi & Big Bank Earnings

Both JPMorgan and Citi showed strength in Main Street banking, helping partly offset weakness in Wall Street activities

WFCPositive Net Change JPMPositive Net Change CPositive Net Change

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Previewing JPMorgan and the Big Banks to Kick Off Q2 Earnings Season

Bank stocks have been big-time laggards in the ongoing market pullback. This is despite the fact that core features of the economy have been stable and rising interest rates are generally expected to benefit banks since they help expand their margins...

JPMPositive Net Change CPositive Net Change DALPositive Net Change PEPPositive Net Change

Sheraz Mian

Looking for Guidance to Reset Earnings Expectations

With respect to the evolution of earnings estimates, we should point out that while estimates have come down a bit, they are nowhere near what would be consistent with a significant economic slowdown...

MSFTPositive Net Change ACNPositive Net Change ADBENegative Net Change FDXPositive Net Change KBHNegative Net Change LENNegative Net Change

Sheraz Mian

Previewing the Q2 Earnings Season as Inflation Soars

If we look at the revisions trend in the aggregate, at the S&P 500 level, we don't see a lot of movement, as you can see in the chart below that plots the evolution of aggregate Q2 earnings growth estimates for the index since the start of 2022.

KRNegative Net Change ORCLPositive Net Change COSTNegative Net Change ADBENegative Net Change AZOPositive Net Change

Sheraz Mian

Breaking Down Earnings Amid Fed Tightening, Economic Slowdown Fears

There are some in the market that can't see the Fed getting on top of the inflation problem without pushing the economy into a recession. Yet, a recessionary outcome for the economy is neither the consensus view, nor what the Zacks economic team is projecting at present...

KRNegative Net Change

Sheraz Mian

Breaking Down the Earnings Outlook After Retailers Disappoint

The stock market has been merciless in response to disappointing Q1 results, with Walmart (WMT) and Target (TGT) the most recent victims. Here's how the earnings outlook is shaping up near the end of the Q1 earnings season...

AMZNPositive Net Change TGTNegative Net Change EBAYPositive Net Change EXPEPositive Net Change

Sheraz Mian

Previewing Retail Sector Earnings as Inflation Climbs

With respect to the Retail sector's 2022 Q1 earnings season scorecard, we now have results from 21 of the 34 retailers in the S&P 500 index. Here's how the companies are performing so far and what to expect...

TGTNegative Net Change WMTNegative Net Change CVSPositive Net Change COSTNegative Net Change

Sheraz Mian

The Energy Sector is Surging: How Sustainable Are Earnings?

There is no surprise why these companies are enjoying the sunshine, given what's been happening to oil and natural gas prices lately. But what's next?

CVXNegative Net Change XOMNegative Net Change

Sheraz Mian

Making Sense of Tech Sector Earnings After a Big Week of Results

Total Q1 earnings for the 'Big 5 Tech' players are down -8.4% from the same period last year on +11.4% higher revenues, with a 421 basis-points (bps) compression in net margins

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change FBPositive Net Change GOOGLPositive Net Change TDOCNegative Net Change

Sheraz Mian

Previewing Tech Earnings After Netflix's Fiasco

The rude shock from the streaming giant has put the spotlight on other Tech leaders that are on deck to report March-quarter results next week.

AMZNPositive Net Change AAPLPositive Net Change MSFTPositive Net Change KONegative Net Change LUVPositive Net Change NFLXPositive Net Change MMMPositive Net Change PEPPositive Net Change FBPositive Net Change GOOGLPositive Net Change

Sheraz Mian

Making Sense of Bank Earnings Amid Market and Economic Uncertainty

For the Zacks Major Banks industry, which includes Citi and JPMorgan and accounts for roughly 40% of total Finance sector earnings, total Q1 earnings are on track to be down -32.9% from the same period last year on +0.6% higher revenues.

GSPositive Net Change JPMPositive Net Change CPositive Net Change

Sheraz Mian

Can Bank Stocks Get Their Mojo Back with Q1 Results?

For the Zacks Major Banks industry, which includes these major banks and accounts for roughly 45% of the Finance sector's earnings, 2022 Q1 earnings are expected to decline -36.2% on -1.4% lower revenues.

GSPositive Net Change BACPositive Net Change JPMPositive Net Change

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Making Sense of the Earnings Uncertainty

With respect to estimate revisions, Q1 estimates would have come down since the start of the period had it not been for the offsetting upward revisions to Energy sector estimates.

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Sheraz Mian

Breaking Down the Outlook for S&P 500 Margins

Revisions to the 2022 Q1 estimates are mixed, with estimates for 9 of the 16 Zacks sectors going down since the start of January, with the Consumer Discretionary, Transportation and Aerospace sectors suffering significant estimate cuts...

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Sheraz Mian

A Cloudier Earnings Outlook

The outlook for earnings had started easing even before the recent geopolitical developments. We saw this in the revisions trend, which had been mixed at best.

JPMPositive Net Change NKENegative Net Change DRINegative Net Change ORCLPositive Net Change FDXPositive Net Change

Sheraz Mian

What to Expect from the Q1 2022 Earnings Season

The expectation currently is for 2022 Q1 estimates to be up +3.7% from the same period last year on +9.8% higher revenues...

JPMPositive Net Change ORCLPositive Net Change COSTNegative Net Change AZOPositive Net Change FDXPositive Net Change LENNegative Net Change

Sheraz Mian

Previewing the 2022 Q1 Earnings Season

The outlook for earnings had started easing even before the recent geopolitical developments. The expectation currently is for 2022 Q1 earnings to be...

JPMPositive Net Change COSTNegative Net Change AZOPositive Net Change SPYPositive Net Change

Sheraz Mian

Focusing on the Retail Sector as Q4 Earnings Season Winds Down

Total Q4 earnings for these retailers are up +53.6% from the same period last year on +7.5% higher revenues, with 80% beating EPS estimates and an equal proportion beating revenue estimates...

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