Earnings (General News) 02 (Oct 16 - Dec 25)

[winston]

1Q 2021

According to data from FactSet Research, overall earnings for the S&P 500 should increase 24.5% in the quarter from a year ago and financial sector earnings are expected to surge nearly 80% from the first quarter of 2020.

Source: CNN

[winston]

Q1 Earnings Season Begins

FactSet data shows analysts anticipate Q1 S&P 500 earnings will surge by 24.5% when compared to the same period last year, mainly due to the receding impact of the COVID-19 health crisis on several industries.

If confirmed, Q1 2021 would mark the highest year-over-year (Y-o-Y) growth in earnings reported by the index since Q3 2018, when tax cuts under former President Donald Trump drove a surge in profit growth.

At the sector level, nine are projected to report Y-o-Y earnings growth, led by the Consumer Discretionary, Financials, and Materials sectors.

On the other hand, two are predicted to report a decline in earnings from the year-ago period, led by the Industrial and Energy sectors.

Revenue expectations are also encouraging, with sales growth predicted to rise 6.4% from the same period a year earlier. If confirmed, it will mark the highest Y-o-Y revenue growth reported by the index since Q4 2018.

Eight sectors are anticipated to report Y-o-Y revenue growth, led by the Information Technology, Consumer Discretionary, and Communication Services sectors.

In contrast, three are predicted to report an annualized drop in sales growth, led once again by the Energy and Industrials sectors.

Source: investing.com

https://www.investing.com/analysis/2-se ... s_headline

[winston]

Over a quarter of the S&P 500’s market capitalisation has reported for the quarter, according to Credit Suisse data and earnings per share have beaten expectations by 23%, in aggregate.

Companies that constitute about 40% of the S&P 500’s market capitalization report from Tuesday through Thursday, including Microsoft Corp, Google parent Alphabet Inc, Apple Inc and Facebook Inc.

Shares of those companies also rose overnight.

A continuation of the tech rally would give the broader market a boost, paving the way for stocks to extend their record-breaking run.

Source: OCBC

[winston]

1Q 2021 Earnings

Some 86.8% of S&P 500 companies reporting results beat Wall Street forecasts and are doing so by an average of 23.5%.

Both are the largest ever recorded gaps, according to Refinitiv's data, which dates back to 1994.

Overall S&P 500 earnings growth is currently on pace to total 44.7% in the first quarter, which would be the best in over a decade.

Source: Yahoo Finance

[winston]

US 1Q Earnings

With more than half of S&P 500 companies having already reported results so far, profits are seen rising 46 percent in the first quarter, compared with forecasts of 24 percent growth at the start of April, according to IBES data from Refinitiv.

Nine of the 11 major S&P 500 sectors climbed in early trading, with economy-sensitive cyclical stocks, including financials, energy, industrials, and materials, leading the gains.

Source: Reuters

[winston]

1Q Earnings

Overall, 60% of the companies in the S&P 500 have reported actual results for Q1 2021 to date (as of last Friday).

Of these companies, 86% have reported actual EPS above estimates, which is above the 5-year average of 74%.

If 86% is the final percentage for the quarter, it will mark the highest percentage of S&P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.

In aggregate, companies are reporting earnings that are 22.8% above the estimates, which is also above the 5-year average of 6.9%.

If 22.8% is the final percentage for the quarter, it will mark the second-highest earnings surprise percentage reported by the index since FactSet began tracking this metric in 2008.

Source: Investor Place

[winston]

Forward Earnings

For Q2 2021, analysts are projecting earnings growth of 58.3% and revenue growth of 18.1%.

For Q3 2021, analysts are projecting earnings growth of 21.7% and revenue growth of 11.2%.

For Q4 2021, analysts are projecting earnings growth of 16.7% and revenue growth of 8.2%.

For CY 2021, analysts are projecting earnings growth of 31.7% and revenue growth of 10.9%.

Source: Investor Place

[winston]

1Q Earnings

According to Zacks Research, of the 70% of the S&P 500 that have already reported earnings, profits are up 49%, and revenues have jumped 10.6%.

This shouldn’t be surprising when compared to market conditions in the first quarter of 2020. However, even when compared to pre-pandemic trends, growth is solid and is approaching records.

Factset also shows that average estimates for the second quarter are at their highest since the first quarter of 2018. These expectations are the second-highest since 2002.

Source: Investor Place

[winston]

'Spectacular earnings ' from tech companies

The current US corporate earnings reporting season is near its end, and companies have been reporting strong results for the first quarter, AP reports.

That has helped reaffirm Wall Street’s view that the economic recovery is solid. It has also helped to justify some of the pricey stock values in several sectors, especially technology.

“Now we realize there’s still some spectacular earnings growth and fundamentals coming from tech and communications and growth stocks in general,” said Ryan Detrick, chief market strategist for LPL Financial.

Source: AP

https://www.thestandard.com.hk/breaking ... -companies

[winston]

US: 1Q 2021

“For Q1 2021 (with 95% of the companies in the S&P 500 reporting actual results), 86% of S&P 500 companies have reported a positive EPS surprise and 76% of S&P 500 companies have reported a positive revenue surprise.

If 86% is the final percentage, it will mark the highest percentage of S&P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.”

Only 54 companies in the S&P 500 issued positive guidance during this earnings season.

Source: FactSet