FedEx (FDX) reports their fiscal Q1 ’20 after the closing bell on Tuesday, September 17th. 2019. The major Transport component gives investors a look into a number of major geographies, not the least of which is Europe and South East … Continued
While the Industrial-related SP 500 sectors are showing signs of a better 2020 (and this could change by early 2020), the overall SP 500 EPS trends remain little changed as we head into Q4’19. (This SP 500 earnings update is … Continued
The attached headline is from a Factset report dated August 12th, 2019, so with Friday’s “tariff tiff”, expect this only to get worse. The SP 500 put in a double-bottom or made critical lows on the following dates in … Continued
For 2019, the expected growth rate this calendar year for SP 500 earnings is just 2%. That’s pretty low. For 2020, as of this week, the “expected” SP 500 earnings growth rate has fallen to 11%, down from 12%, an … Continued
Last week, the 2020 expected growth rates by sector were noted on the blog here. This week, what has caught my eye again, is that during a period when there is typically a slow erosion of forward estimates downward, the … Continued
So much will be written this weekend about the FOMC meeting Wednesday, but here is the snapshot of the CME fed funds future contract probabilities as of Friday, July 26th, 2019. Sure looks like we get a 25 bp … Continued
The above graph is featured every week (and updated weekly) on the front page of “This Week in Earnings”, IBES by Refinitiv’s definitive weekly earnings report. Now compare that July 19th, 2019, graph to this one from, April 18th, … Continued
About 10% of the SP 500 will report next week, and 24 of those 52 scheduled reports will be Financial companies. Here is the SP 500 Earnings data by the numbers: (Source: IBES by Refinitiv) Fwd 4-qtr est:$174.68 vs $174.87 … Continued
As we rolled into the new quarter this week, the period for measuring the “forward 4-quarter estimate” rolled forward from Q2 ’19 through Q1 ’20, to Q3 ’19 through Q2 ’20. That means the “forward 4-quarter” estimate rolled from last … Continued
Well the additional tariffs – if they happen – will impact the forward estimates, but expectations coming into the start of the 2nd quarter earnings in two weeks are really as low as they have been in years. The headlines … Continued