Earnings season picks up steam this week. Q4 2018 earnings are expected to be decent, but all eyes will be on 2019 guidance.... Read More
The continued deterioration in European economies is impacting the global earnings outlook.... Read More
With Q3 2018 96% complete and showing a booming 25% earnings growth rate, we turn to Q4 2018 and Q1 2019 and see a dramatic slowing in expectations for both earnings and revenues growth.... Read More
As Q3 2018 earnings season comes to an end, we look ahead to Q4 2018 and Q1 2019 expectations. Without the benefit of the tax cuts, growth rates are expected to moderate. Slumping guidance further confirms the slowdown.... Read More
450 (90%) of the S&P 500 companies have reported Q3 2018 earnings. The beat rate is 77% and earnings are topping 25%, the best since 2011. But, have companies gone too far in gaming earnings as even beats are now a reason to sell?... Read More
374 of the S&P 500 companies have reported Q3 2018 earnings. Earnings growth should top 20% for the third quarter in a row, but revenue growth is not meeting expectations.... Read More
About half the S&P 500 companies have reported Q3 2018 earnings. Although Q3 growth estimates remain above 20%, companies' shares are not being rewarded for beating estimates. In a worrisome sign for the future, the majority of companies are coming up short on revenues.... Read More
85 (17%) of the S&P 500 companies have reported Q3 2018 results through Friday. One-third are expected to report this coming week. So far the results have shown a return to more normal growth rates now that the tax cuts have run their course. Overall it is a good quarter with revenue beats disappointing slightly.... Read More
So far only 28 (6%) of the S&P 500 companies have reported as earnings season kicks into high gear this coming week.... Read More
Q3 2018 earnings season is underway. Another big quarter is expected and presumably already priced in. Some of the unusual patterns due to corporate tax cuts are starting to wear off.... Read More
Q3 2018 earnings season is about to start. Another big quarter is expected and presumably already priced in. Some of the unusual patterns due to corporate tax cuts are starting to wear off.... Read More
Only 31 of the 406 (8%) S&P 500 earnings conference calls saw tariffs as an issue for their company. 240 companies did not even bring up the topic. 135 calls mentioned tariffs, but dismissed them as having no meaningful impact. The stock market seems unbothered by the trade wars, essentially at new highs.... Read More
Since the tax reform bill was signed in December, earnings have been booming. As the chart above shows, Wall Street sees this as more than a temporary bump as the long-term earnings growth outlook has now topped over 16%. Only the peak of the tech bubble in late 1999 saw higher expectations, and that did not hold. Earnings have never been able to sustain this high a growth rate before, and certainly not starting in year eight of a recovery.... Read More
Q2 2018 has proven to be another spectacular quarter for earnings, revenues and company guidance. Markets are forward-looking, so these results were probably discounted in the huge stock market rally into January 2018.... Read More
With over 80% of the S&P 500 reporting Q2 2018 earnings, the beat rate remains at a record 82%. ... Read More
The halfway point of Q2 2018 earnings season just passed and a record 85% of companies beat earnings expectations so far. Factset's review of the 159 earnings conference call transcripts through July 25 points to low levels of concern over tariffs. Only 19 (12%) saw "at least" a modest impact from tariffs and 17 worried about the future impact of tariffs. Roughly 83% of earnings conference calls either saw no reason to mention tariffs or mentioned them and concluded they are having no effect on earnings.... Read More
Profit declines typically proceed a recession, except when driven by a collapse in crude oil. ... Read More
88% of companies beat earnings expectations so far this quarter. Don't expect that to be enough to propel stocks higher on its own.... Read More
Through Friday 87 of the S&P 500 companies have reported Q2 2018 results. Earnings and revenue estimates are still strong and guidance is near all-time highs.... Read More
A look at Q2 earnings and revenues estimates as companies begin reporting... Read More