Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: With more than 92% of the Q3 results already out, earnings growth for the quarter is on...
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: With more than 92% of the Q3 results already out, earnings growth for the quarter is on...
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: With more than 88% of the Q3 results already out, earnings growth for the quarter is on...
It didn’t take Walmart WMT long after its disappointing quarterly report in May 2022 to regain its mojo. That quarterly report had laid bare the company’s failure to be ready for the post-Covid consumer world, resulting in inventory overhang in some product categories. A few days after the Walmart report, it turned out that it...
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: With more than 88% of the Q3 results already out, earnings growth for the quarter is on...
With Q3 results from more than 80% of S&P 500 members already out, we can confidently say that actual results have once again turned out to be better than expected. Keep in mind that Q3 earnings estimates had barely budged ahead of the start of the reporting cycle, which makes the outperformance all the more...
We are in the middle of the third-quarter 2023 earnings season. So far, the results are better than expected. The season started with weak expectations as the market’s benchmark — the S&P 500 Index — is likely to witness the fourth consecutive quarter of earnings decline. As of Oct 25, 146 companies have reported results....
A big contributing factor to the market’s loss of momentum over the last three months is rising interest rates and the ‘higher-for-longer’ view of Fed policy. The interest rate issue is an even more significant headwind for Tech stocks, given their perceived ‘long duration’ status. You can see this in the chart below, which shows...
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: For the 146 S&P 500 companies that have reported Q3 results, total earnings are up +8.6% from...
The third-quarter 2023 earnings season has gathered momentum this week. Next week will be the first big week of this reporting cycle with 954 companies slated to release their quarterly financial numbers. The season has begun with weak expectations as the market’s benchmark — the S&P 500 Index — is likely to witness the fourth...