Data Source: Factset
While 2020 Earnings estimates for the S&P 500 held steady at $178.70 this week, the growth rate actually improved to 9.9% from 9.7% – due to a modest take down in 2019 results. Continue reading “2020 Earnings Estimates Holding Strong”
Data Source: FactSet
This week, 2020 earnings estimates (for the S&P 500) held pretty steady at $178.87, or 9.7% EPS growth for 2020. Continue reading “2020 EPS: “The Last Shall Be First””
Data Source: Factset
This week we picked up another 30bps in Earnings improvement of Q3 S&P 500 earnings results. Three weeks ago estimates were at -4.8%. This week they are at -2.4% with 11% of the S&P left to report. Continue reading “Q3 Earnings Continue to Improve”
Data Source: I/B/E/S data from Refinitiv
We’ve been covering for weeks that while pessimism was at an extreme on European equities (predominantly due to German Manufacturing/Exports), 2020 Earnings Estimates were holding in strong. See our note from Sept 12: Continue reading “European Earnings Holding at ~Double Digit Growth for 2020…”
Data Source: Factset
Just 2 weeks ago Q3 Earnings estimates were -4.8%. We presented the fact that the average improvement over a quarter was 3.7%. Last week, the first 110bps of improvement came in: Continue reading “Continued Improvement: Q3 EPS Results”
Data Source: Factset
Last week, Q3 Earnings estimates for the S&P 500 dropped down to -4.8%. This week they have already recovered 1.1% to -3.7% expectations. The average recovery during a quarter is 3.7% and with 60% of the S&P 500 left to report, that looks well within the realm of possibility. Continue reading “110bps week on week Q3 Earnings Improvement”
2020 S&P 500 Earnings Estimates are still holding strong at $180.47 – or a jump of 10.4% over 2019. This will be our first jump in Earnings growth since the 2016-2017 period. Continue reading “Earnings: Better Than Expected…”
I was doing my normal stock, earnings and sector research over the weekend and I came across this Exploration and Production Sector chart XOP (above). The 2007-2009 financial crisis was a “once in a generation” collapse similar to 1973-1974 and prior to that the Great Depression. The implication of this sector trading at 2009 levels today – is that Oil and Gas Exploration and Production stocks are “snake oil” as defined by Dictionary.com as: a product of little real worth or value that is promoted as the solution to a problem. Continue reading “Snake OIL? How Portfolio Managers View Exploration & Production Stocks…”
Data Source: FactSet
Everyone knows the classic song by Johnny Nash, “I Can See Clearly Now”
Continue reading “Earnings Estimates Update: Johnny Nash Style…”
Data Source: FactSet
Wall Street has once again set the EPS bar extremely low for Q3 – as they have the past two quarters so that expectations could be meaningfully exceeded (as in Q1 & Q2 results). Continue reading “Q3 Earnings: The Table is Set…”
