Category Archives: EARNINGS

Combined profits of China’s listed companies surge 41% in H1

Posted on August 31, 2010 by Denis Ouellet

Most of China’s listed companies posted strong growth in profits amid market fluctuations in the first half, according to figures in reports released by those companies. Of the 1,947 companies listed on the Shanghai and Shenzhen stock exchanges, 1,700 made … Continue reading →

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US EARNINGS SEASON FINAL TALLY

Posted on August 20, 2010 by Denis Ouellet

Bespoke Investment sums up the beat rates for all US companies. S&P 500 companies had a much better earnings beat rate at 78%. Large caps and global companies are clearly doing better than smaller caps in the current economic environment. … Continue reading →

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Q2 EARNINGS BEAT RATE: 78% FOR S&P 500 COMPANIES, 66% OVERALL

Posted on August 17, 2010 by Denis Ouellet

Earnings season ends today. From Bespoke Investment: Through last Friday, 2,127 US companies had reported quarterly numbers this earnings season.  What started out as a strong earnings season is going out with a whimper.  In the first half of earnings … Continue reading →

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EARNINGS WATCH: ESTIMATES REVISIONS

Posted on August 11, 2010 by Denis Ouellet

With the Q2 earnings season drawing to a close, Goldman Sachs’ David Kostin has revised his earnings estimates for the S&P 500 for 2010 and 2011. I expect that most strategists will have the same reflex: raise 2010 and reduce … Continue reading →

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WHILE I WAS AWAY

Posted on August 10, 2010 by Denis Ouellet

I have been away 4 business days but I did not miss much. The news has generally been on the soft side, particularly on the employment front, but Mr. Market is in a good mood these days and sees the … Continue reading →

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Posted in ***EARNINGS WATCH, ***RECOVERY WATCH, EARNINGS, ECONOMY, EMPLOYMENT, EQUITIES, US Employment, US equities | Leave a comment

EARNINGS WATCH, Q2 UPDATE #2

Posted on July 31, 2010 by Denis Ouellet

Three-quarters of the Standard & Poor’s 500 Index members that have reported quarterly results have seen their bottom lines top analysts’ expectations, according to the latest data from Thomson Reuters. All together, companies have reported earnings 10% above estimates, compared … Continue reading →

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Q2 EARNINGS UPDATE

Posted on July 30, 2010 by Denis Ouellet

David Rosenberg sings his own song. He does not sound very good: Over half the S&P 500 have reported (304 to be precise) and so far the season has been rather jolly with 75% beating bottom-line estimates and even 63% … Continue reading →

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EARNINGS WATCH: 79% OF S&P 500 COMPANIES HAVE BEATEN ESTIMATES

Posted on July 28, 2010 by Denis Ouellet

Through yesterday, 662 US companies had reported earnings since the reporting period began with Alcoa’s release on July 12th.  From today through the end of earnings season (Wal-Mart’s report date on 8/17), 1,518 companies will report.  Tomorrow and next Thursday … Continue reading →

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ONE MONTH INTO Q3, GUIDANCE REMAINS PRETTY STRONG

Posted on July 27, 2010 by Denis Ouellet

Bears are dismissing good Q2 earnings arguing that they are backward looking and do not take into account the deteriorating economy in May and June. So far however, corporate executives, who are right in the thick of things one month … Continue reading →

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US EQUITIES ARE CLEARLY UNDERVALUED

Posted on July 23, 2010 by Denis Ouellet

This quarter again, S&P 500 earnings are coming in above consensus with a beat ratio around 80%. Q2 EPS should easily exceed $20.00, 45% above last year’s $13.81 level. This would bring trailing 12 months EPS above $73, more than … Continue reading →

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BEWARE OF OVERLY OPTIMISTIC ANALYSTS

Posted on July 21, 2010 by Denis Ouellet

Some 15 years ago, my partners and I commissioned a research from a quant supplier to measure the accuracy of street research. We were shown that aggregate bottom-up research had to be discounted by 15% until after Q1 of any … Continue reading →

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EARNINGS WATCH: WHERE IS DEMAND?

Posted on July 21, 2010 by Denis Ouellet

From BMO Nesbitt Burns: So far during the Q2 reporting season, good results continue to grapple with pesky high expectations. This has been especially true on the revenue side, which seems to be the real measuring stick this quarter rather … Continue reading →

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