Today at the annual Kansas City Federal Reserve symposium in Jackson Hole, Wyoming, Fed Chair Jerome Powell reiterated the central bank’s stance of continuing to increase interest rates until inflation is back below the Fed’s goal of 2%. In his speech, Powell made clear that Fed actions may cause some economic pain. “Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance,” Powell said. “Reducing inflation is likely to require a sustained period of below trend growth.” The Fed increased the federal-funds rate by 75 basis points (bps) in

Last Update: May 5, 2022 Click here to view the full report. Please note: if you use our earnings data, please source I/B/E/S data from Refinitiv. S&P 500 Aggregate Estimates and Revisions The 22Q1 Y/Y blended earnings growth estimate is 10.2%. If the energy sector is excluded, the growth rate for the index is 4.2%. Of the 413 companies in the S&P 500 that have reported earnings to date for 22Q1 79.9% reported above analyst expectations. This compares to a long-term average of 66%. The 22Q1 Y/Y blended revenue growth estimate is 13.2%. If the energy sector is excluded, the growth

Last Update: Apr. 29, 2022 To download the full This Week in Earnings report click here. Please note: if you use our earnings data, please source I/B/E/S data from Refinitiv Aggregate Estimates and Revisions 22Q1 Y/Y earnings are expected to be 10.1%. Excluding the energy sector, the Y/Y earnings estimate is 4.4%. Of the 275 companies in the S&P 500 that have reported earnings to date for 22Q1, 80.4% have reported earnings above analyst estimates. This compares to a long-term average of 66% and prior four quarter average of 83.1%. During the week of May 2, 160 S&P 500 companies are expected

U.K. equities have generally underperformed its global peers consistently over the last decade.  The FTSE All Share has experienced a compound annualized growth rate (CAGR) of 4.7% and 7.3% over the last 5 and 10 years respectively.  In comparison, the Russell 1000 CAGR over this same period is 16.5% and 14.9%, while the Datastream World Market CAGR is 11.1% and 9.9% respectively. The start of 2022 has been one of the most volatile on record which we highlight in a prior note (Data Insight: A Turbulent Start to the Year for Global Equities, January 27, 2022).  To this point, the

The Russell 2000 is in an earnings recession; however, it will likely end this quarter as companies beat earnings estimates. Currently analysts expect 19Q3 YoY earnings to decline 0.8%. Expectations are low for the financials sector, which represents 20% of the index’s weight. In aggregate Russell 2000 financials companies have reported 19Q3 earnings 4.5% above estimates.  If this continues, it should be enough to push the index into positive earnings growth and end the earnings recession.

Earnings season for the third quarter of 2019 is around the corner. The S&P 500 is expected to see the first year-on-year (YoY) decline since 2016 and investors’ attention will soon turn to the banks industry. The group is the first to report earnings, marking the unofficial start to earnings season. Heading into the reporting period, a trend has emerged among the banks; analysts have become more bearish and have consistently made downward revisions to estimates. Exhibit 1: S&P 500 19Q3 YoY Earnings and Revenue Analysts are cutting Q3 2019 earnings estimates ahead of earnings season. YoY revenue growth expectations

The unofficial kickoff to the Q1 2017 earnings season is set for Apr. 13, 2017, when several of the Financials sector’s banks are expected to report results for the quarter. Heading into the quarter, year over year (Y/Y) growth is expected to be strong for both earnings and revenue. As a result, the S&P 500 will likely post the highest growth in over 5 years.   Exhibit 1. S&P 500 Banks Industry 17Q1 Key Performance Indicators Sources: I/B/E/S data, Eikon Banks in Focus With the S&P 500 Banks Industry Index (.52P40101010) down 1.69% YTD, as of the Apr. 12 close, focus

Click here to view the dashboard in detail. Last Update: March 31, 2017 Download the full S&P 500 Earnings Scorecard report here. S&P 500 Aggregate Estimates and Revisions Fourth quarter earnings are expected to increase 8.0% from Q4 2015. Excluding the energy sector, the earnings growth estimate improves to 8.1%. Of the 497 companies in the S&P 500 that have reported earnings to date for Q4 2016, 68.0% have reported earnings above analyst expectations. This is above the long-term average of 64% and below the average over the past four quarters of 71%. The Q4 2016 blended revenue growth estimate is 4.2%. Excluding the energy sector, the revenue growth

The fourth quarter of 2016’s earnings season kicked off as several of the S&P 500’s Financials sector reported earnings on Jan. 13, 2017. S&P 500 2016 Q4 earnings are expected to increase 6.2% from the prior year. If this holds, it will be the highest since the 7.0% posted in 2014 Q4. This will be the second quarter of positive year-over-year earnings growth, solidifying that the earnings recession that started in the third quarter of 2015 is over. Exhibit 1. S&P 500 % Change in 16Q4 Blended Earnings Nov. 1, 2016 to Jan. 13, 2017 by Industry Group Source: I/B/E/S

Click here to view the dashboard in detail. S&P 500 Aggregate Estimates and Revisions Fourth quarter earnings are expected to increase 6.1% from Q3 2015. Excluding the energy sector, the earnings growth estimate improves to 6.2%. Of the 19 companies in the S&P 500 that have reported earnings to date for Q4 2016, 63% have reported earnings above analyst expectations. The Q4 2016 blended revenue growth estimate is 4.6%. Excluding the energy sector, the revenue growth estimate increases to 4.4%. 32% of companies have reported Q4 2016 revenue above analyst expectations. For Q4 2016, there have been 81 negative EPS preannouncements issued by S&P 500 corporations compared to

Click here to view the dashboard in detail. S&P 500 Aggregate Estimates and Revisions Third quarter earnings are expected to increase 4.3% from Q3 2015. Excluding the energy sector, the earnings growth estimate improves to 7.9%. Of the 500 companies in the S&P 500 that have reported earnings to date for Q3 2016, 71% have reported earnings above analyst expectations. This is above the long-term average of 64% and above the average over the past four quarters of 70%. The Q3 2016 blended revenue growth estimate is 2.6%. Excluding the energy sector, the revenue growth estimate increases to 4.6%. 55% of companies have reported Q3 2016

Click here to view the dashboard in detail. S&P 500 Aggregate Estimates and Revisions Third quarter earnings are expected to increase 4.3% from Q3 2015. Excluding the energy sector, the earnings growth estimate improves to 7.9%. Of the 500 companies in the S&P 500 that have reported earnings to date for Q3 2016, 71% have reported earnings above analyst expectations. This is above the long-term average of 64% and above the average over the past four quarters of 70%. The Q3 2016 blended revenue growth estimate is 2.7%. Excluding the energy sector, the revenue growth estimate increases to 4.6%. 55% of companies have reported Q3 2016