While earnings season in the US is winding down, European companies generally take a bit longer to report, which puts us squarely in the middle of Europe’s earnings season. Today, we will examine trends in fully reported developed Europe large-cap companies by sector. Our basket...
This week as regional banks start reporting earnings we will get a better look at the lasting effects of the bank crisis kicked off by the failure of Silicon Valley Bank last month. Looking at recent earnings forecast revisions, regional banks appear particularly exposed to...
Estimates Are Hazardous to Your Wealth. Everyone knows that accounting is boring (not when I teach it, though), but, at least, people think it’s factual. No fake news. After all, accounting comes from counting―counting money, units of inventory, etc. All facts. Nothing further from the truth. Except for a...
With earnings season on the horizon, we thought we’d take a quick tour of estimates around the globe. Positive revisions to sales and earnings estimates in developed countries have hovered around 20% to 25%, respectively, over one-, three-, and six-month time periods....
At least 75% of all stocks in each MSCI World sector have seen sales and earnings estimates fall over the past month. Only 10% of industrial stocks have had an increase in sales estimates over the past month and only 16% of industrial stocks have...
We noted earlier this month that the Energy sector was far outperforming the rest of the market for most of 2014. Over the past few weeks the rest of the market has closed the gap. QTD Energy is still atop the leaderboard (and in 2nd place YTD),...
In the Asia-Pacific region, about two-thirds of companies have reported Q1 earnings. Of those companies, about 57% have surprised on the upside, versus just 42% that have disappointed expectations. The Health Care sector has generated positive surprises in 85% of its earnings releases so far....
Apple’s earnings conference call is going on right now. They reported pretty solid headline numbers ($8.26 EPS vs $7.94 consensus expectations, $37.5 billion in revenues vs $36.9 billion consensus expectations). However, the stock is down about 3% in after-hours trading. Technically, the stock is stuck...
