Category: Earnings

Continue reading “European (Stoxx 600) Q1 Earnings Beat Estimates”

Data Source: Factset

As we mentioned last week, it looks like Q2 will set up similarly to Q1 with very low expectations and an opportunity to easily beat to the upside.  The difference will be Q2 will comp positively year on year versus Q1 which was slightly negative. Continue reading “Q2 Earnings Expectations Remain Low. When Does Recession Come?”

Data Source: Thomson Reuters

European Earnings (Stoxx 600) have improved in the last seven weeks. First quarter earnings have improved from -4.2% to -2.2%. Revenue is expected to increase 3.6% vs. 0.7% on 5/1. Continue reading “European (Stoxx 600) Q1 Earnings Beat Estimates”

Data Source: Factset

The good news is that estimates have come down materially for Q2 – just as they did in Q1 and then dramatically beat the lowered expectations. Continue reading “Q2 Earnings Estimates Remain Subdued (Positive Timing?)”

Data Source: Thomson Reuters

European Earnings (Stoxx 600) have improved in the last six weeks. First quarter earnings have improved from -4.2% to -2.3%. Revenue is expected to increase 3.6% vs. 0.7% on 5/1. Continue reading “European (Stoxx 600) Q1 Earnings Beat Estimates”

Data Source: FactSet

As was the case in Q1, estimates are starting out negative and should come in flat or slightly positive.  The growth for 2019 has been back half loaded since January so no surprises there… Continue reading “Earnings Outlook for Q2: Low Bar to Step Over Once Again”

Source: Factset

Despite all of the negativity around trade, earnings came in strong for Q1 and forward estimates have held up.  The forward multiple is now down to 15.9x (below the 5 year average of 16.5x).  Continue reading “Q1 EPS dramatically exceeds expectations. Q2 estimates holding strong.”

European Earnings (Stoxx 600) have improved in the last three weeks.  First quarter earnings have improved from -4.2% to -2.2%.  Revenue is expected to increase 3.8% vs. 0.7% on 5/1. Continue reading “European (Stoxx 600) Q1 Earnings Estimates Improve”

Source Above: Factset

Earnings continue to stay solid.  As of today we have had 92% of the S&P 500 report for Q1.  76% of companies have beat, and while earnings still look to be modestly negative year on year, they came in better than recent expectations.  Continue reading “Both “As Reported” and “Operating” Earnings Stay Solid”

Data Source: Factset

Q1 Earnings Estimates bumped up to -.5% today from -.8% last week.  With the pullback in the markets this week, the forward p/e multiple is back in line with the 5 year average of 16.5.  This is constructive. Continue reading “Q1 Earnings Continued Improvement. Guidance Subpar…”