Category: Earnings

Data Source: Thomson Reuters

European (Stoxx 600) Q2 earnings estimates dropped -3.3% this week (to -2.7% from +.6%).  You can see last week’s results here: Continue reading “European (Stoxx 600) Q2 Earnings Estimates Drop”

Source: FactSet

On June 30, the estimated earnings decline for Q2 2019 was -2.7%.  As of today (with 77% of the companies in the S&P 500 reporting), the blended earnings decline has improved to -1%. Continue reading “Q2 Earnings Better Than Expected”

Data Source: Thomson Reuters

While it’s still early in Q2 European Stoxx 600 reporting, estimates came down in the past few weeks.  In contrast to 7/10/19, Stoxx 600 earnings are now expected to increase .6% year on year relative to .8% expectations on Continue reading “European (Stoxx 600) Q2 Earnings Estimates still Positive Year on Year”

Data Source: Factset

The more I look at the earnings estimates for 2020, the more this is starting to look like 2015-2017.  2015-2016 S&P 500 EPS (Earnings Per Share) was basically flat ($118.75, $119.31) as are 2018-2019 ($161.48, $165.64 est). Continue reading “Q2 Earnings Results Update + 2020”

Data Source: FactSet

As of July 12, Q2 estimates had been taken down to -3.0% expectations year on year.  With the banks having recorded earnings beats of 11-33% (year on year) this past week, things are looking up.  In just one week these estimates have jumped to -1.9% with only 16% of the S&P 500 reporting so far.  In other words, off to a strong start. Continue reading “Q2 Earnings looking UP…”

Data Source: Factset

Q2 Earnings estimates have come down from -2.6% on June 30 to -3.0% today.  Downward revisions to estimates for companies in the Energy and Financials sectors were mainly responsible for the increase in the expected earnings decline during the week.  This compares with Q1 earnings which were estimated at -3.9% right before earnings season and finished flattish.  Continue reading “Q2 Earnings Bar Lowered Again”

Data Source: Thomson Reuters

While it’s still early in Q2 reporting – with only 4 companies in the European Stoxx 600 reporting, estimates came down in the past week. Continue reading “European (Stoxx 600) Q2 Earnings Estimates Down”

Since there was no change in Q2 EPS estimates since my post last Friday, I decided to post the longer view of Earnings Estimates for the remainder of CY 2019 and CY 2020.  Continue reading “Forward Earnings Estimates Look Solid”

Continue reading “European (Stoxx 600) Q2 Earnings Estimates”

Data Source: Factset

Yogi Berra, “If you don’t know where you’re going, you might not get there.”

Not much has changed with Q2 Earnings Estimates in the past week.  Factset still has them at -2.6% year on year.  This low bar likely implies a slightly positive year on year outcome – similar to the beat rate of Q1.    Continue reading “Rear View Mirror: Sideways Earnings = Sideways Price. Windshield View?”