As of Monday, January 25, 2021, 62 companies have reported earnings. 87% have reported an earnings beat, much higher than the overall average of 71%.... Read More
Through Friday, just 26 S&P 500 companies have reported earnings. 25 of the 26 companies have beaten the latest Wall Street estimate. Only Delta Airlines missed. Could 2020 earnings growth turn positive?... Read More
Q4 2020 earnings season kicks off this week. What are analysts' expectations?... Read More
To-date, 463 S&P 500 companies (93%) have reported earnings. 85% beat estimates, a record pace.... Read More
To-date, 295 S&P 500 companies (59%) have reported earnings. 87% beat estimates, a record pace. Despite these good results, the outlook for stock gains is bleak given still-high valuations.... Read More
To-date, 49 S&P 500 companies (10%) have reported earnings. 84% beat estimates. The average quarterly beat rate since 2009 is 70%.... Read More
Over the long term, earnings are typically expected to increase about 9% per year. The pandemic clearly changed that, with earnings only expected to grow roughly 10% between 2020 and 2021 combined.... Read More
Q3 earnings season kicks off next week. Companies are positive, but analysts are less so.... Read More
The Q2 2020 earnings season is essentially complete with 95% of the S&P 500 now reported. The earnings beat rate is a new record. ... Read More
Earnings season is more than 90% complete. Beat rates are near records. But with future earnings estimates rising slower than stock prices, the market is becoming overvalued.... Read More
Earnings season is roughly three-quarters complete. Beat rates and guidance to the upside are near records. Earnings growth rates are massively outpacing estimates.... Read More
After a huge number of companies reported Q2 earnings this past week, earnings season is roughly two-thirds complete. Beat rates and guidance to the upside are near records. Earnings growth rates are massively outpacing estimates.... Read More
The biggest week of Q2 2020 earnings season starts today. Up to this point, earnings have been disappointing.... Read More
Q2 2020 earnings season is underway. Analysts continue to forecast a 40%+ decline. Many financial firms reported last week. Even with record trading profits, their earnings were 50% lower versus a year ago.... Read More
Q2 2020 earnings season starts this week with analysts estimating a record decline of 44%. These results will tell us a lot about the state of the economy. Is it getting better (?V? bottom) or still struggling (no bounce)?... Read More
Q2 2020 Earnings season starts next week. Estimates are looking for a record decline of 43% so many have dismissed this quarter as a "bad" outlier and devoid of information. We disagree.... Read More
With 95% of Q1 2020 earnings now reported, earnings are expected to decline 17% compared to a year ago. Q2 2020 is expected to be one of the worst quarters ever, down 43% with estimates still falling. The S&P 500 forward P/E ratio continues to extend higher from a 19-year extreme. Small-cap stocks are more overvalued than any time on record.... Read More
Nothing in the earnings numbers suggest the market is undervalued. That assessment is made only with a guess about the future, usually involving a return to the pre-virus era.... Read More
With 86% of Q1 2020 earnings now reported, earnings are expected to decline 16% compared to a year ago. Q2 2020 is expected to be one of the worst quarters ever, down 42% with estimates still falling. The S&P 500 forward P/E ratio continues to extend higher from a 19-year extreme.... Read More
Q1 2020 earnings are stabilizing, but quarterly forecasts through Q1 2021 continue to fall. The S&P 500 forward P/E ratio continues to extend higher from a 19-year extreme. The Q2 2020 revenue forecast of -10.85% is in line with the consensus Q2 2020 GDP forecast of a -30% annualized decline.... Read More