Category: Earnings

Data Source: Factset

Factset, “The estimated (year-over-year) earnings decline for Q3 2019 is -3.8%, which is below the 5-year average earnings growth rate of 7.3%. If -3.8% is the actual decline for the quarter, it will mark the first time the index has reported three straight quarters of year-over-year declines in earnings since Q4 2015 through Q2 2016. It will also mark the largest year-over-year decline in earnings reported by the index since Q1 2016 (-6.9%).” Continue reading “3 Quarters of Negative Earnings. Bad News?”

Data Source: Factset

For 2020, analysts are projecting S&P 500 earnings growth of 10.6% and revenue growth of 5.6%.  The question is what sectors will lead, and how far are they trading from their bottom-up price targets? Continue reading “2020 Earnings Estimates Remain at Double Digit Growth”

So the bad news is European (Stoxx 600) earnings estimates came in modestly in the past week.  The good news is, they are still holding at double digit growth moving forward: Q4 2019 +10.2%, Q1 2020 +15.8%, Q2 2020 +7.5%, and Q3 2020 +15.4%. Continue reading “European Earnings Looking for Double Digit Growth…”

Source: Factset

Continue reading “2020 Earnings Estimates – “Strong Like Bull””

While being generally constructive on global equity markets in the intermediate term, even I am blown away by how European Earnings estimates continue to tick up in the last few weeks. Continue reading “European Earnings Estimates UP Again”

Data Source: Factset

With 99% of the S&P 500 reporting for Q2, earnings beat estimates by 2.3% (expected -2.7%, at -0.4%). Continue reading “Q2 Earnings Estimates Beat. Guidance Healthy…”

Source: Lipper Alpha Insight

While the Q2 2019 estimates for Euro Stoxx 600 ticked up modestly in the past week (from -2.6% to -2.4%), the real story is the forward EPS estimates for the next 12-18 months. Continue reading “European (Stoxx 600) Forward Earnings Estimates Strong”

This week we will use Howard Silverblatt’s EPS numbers from S&P Global.  His most recent numbers (published on 8/15 – featured above) show better than expected earnings year on year for Q2 2019 [both “as reported” and “operating” earnings (see green circles)]. Continue reading “Earnings still looking good, but…”

Data Source: Fact Set

With 90% of the S&P 500 having reported earnings so far, estimates have improved to -.70% year on year versus -2.8% expectations before earnings season.  So far, 75% of companies have beat on the bottom line and 57% have beat on the top line. Continue reading “S&P 500 Q2 Earnings Stronger than Expected”