15 Jul 2016

Earnings Season is Upon Us

As you can see in the chart below, earnings season is upon us.  While 31 companies have already reported, a full 421 companies report in the next three weeks, leaving the last 48 companies to report during the rest of August and September. Analysts aren’t expecting much out of earnings season and think that earnings will decline by -5.6 percent. According to FactSet, it will be the first time that the S&P… Read More

12 Jan 2016

Earnings Season is Upon Us

The headlines have been filled with major macroeconomic news from China and elsewhere that have pushed stock prices lower. It’s perfectly legitimate to factor this news into stock prices because our collective fortunes are tied together whether we like it or not.  If Chinese gross domestic product falls substantially, you can be sure that ours will drop as well along with growth prospects for US companies. Last night, earnings season… Read More

22 Oct 2015

Profits Are Falling (Again)

Someone once told me that the price of a stock should only change four times per year – when investors receive new financial information about the business in the form of an earnings release. Obviously, it doesn’t work like that, but it’s an interesting idea. In any case, earnings season is upon us and based on the third quarter data so far from FactSet, it doesn’t look pretty.  While only… Read More

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3 Aug 2015

Lower Oil and Earnings: A Tough Combo

We are now almost three quarters of the way through the current earnings season and, so far, earnings are down around -1.3 percent from last year according to FactSet. That’s much better than what markets were expecting at the outset of the quarter, which was -4.6 percent as 73 percent of companies reported results better than analyst estimates. Results in the energy sector have been especially terrible, falling -57 percent… Read More

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