Amazon Prime Week is back again, and every year retailers ride the coattails of Prime Week with their own sales.  Inflation is still affecting retailers — during the last earnings season, 73% mentioned inflation during their earnings calls. Most retailers also agree that consumers are waiting for promotional events in order to shop, as they are cautious and are trading down. Therefore, during this Prime Week, it is very likely that retailers are betting that heavy promotions will entice shoppers to open up their wallets, especially since consumers have become value oriented. Amazon will offer its deals primarily online and

To date, 156 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 77% of the index. Of those companies that have reported their quarterly results, 79% announced that profits beat analysts’ expectations, while 1% delivered on-target results and 20% reported earnings that fell below estimates. The Q1 2023 blended earnings growth estimate now stands at 32.7%. The blended revenue growth estimate for the 204 companies in this index is 4.5% for Q1 2023. Of those companies that have reported their quarterly results so far, 74% announced revenue that exceeded analysts’ expectations and

With 2021Q3 earnings season upon us, we look at aggregate performance and EPS estimates of the 11 S&P500 sectors during the 2021Q2 earnings season and peek ahead at expected results for the current quarter. Exhibit 1 below, reproduced from our daily/weekly S&P 500 Earnings Scorecard (available here), shows the impressive results in 2021Q2 for the S&P 500. The 96.3% YoY growth rate is the best since 2009Q4, and the 87.8% of companies beating earnings is the highest since 1994. This led to a 30.8 percentage point increase in the 2021Q2 YoY earnings growth rate since the start of 2021Q2 earnigns

Seventy six percent of companies in our Retail/Restaurant Index have reported Q4 2020 EPS. Of the 157 companies in the index that have reported earnings to date, 69% have reported earnings above analyst expectations, 3% matched and 28% reported earnings below analyst expectations. The Q4 2020 blended earnings growth estimate is -10.5%. The Q4 2020 blended revenue growth estimate is 7.8%. Seventy percent have reported revenue above analyst expectations, and 30% reported revenue below analyst expectations. Exhibit 1: Refinitiv Earnings Dashboard Source: I/B/E/S data from Refinitiv  Q4 2020 retail earnings As predicted by StarMine data, both Target and Kohl’s reported

Fifty five percent of companies in our Retail/Restaurant Index have reported Q4 2020 EPS. Of the 113 companies in the index that have reported earnings to date, 72% have reported earnings above analyst expectations, 3% matched and 25% reported earnings below analyst expectations. The Q4 2020 blended earnings growth estimate is -10.9%. The Q4 2020 blended revenue growth estimate is 7.4%. Seventy percent have reported revenue above analyst expectations, and 30% reported revenue below analyst expectations. Exhibit 1: Refinitiv Earnings Dashboard Source: I/B/E/S data from Refinitiv  Q4 2020 retail earnings The pandemic caused many corporations to withdraw earnings and revenue

Ninety eight percent of companies in our Retail/Restaurant Index have reported Q2 2020 EPS. Of the 203 companies in the index that have reported earnings to date, 79% have reported earnings above analyst expectations, and 21% reported earnings below analyst expectations. The Q2 2020 blended earnings growth estimate is -42.9%. The Q2 2020 blended revenue growth estimate is -3.7%. Seventy-one percent have reported revenue above analyst expectations, and 29% reported revenue below analyst expectations. Exhibit 1: Refinitiv Earnings Dashboard Source: I/B/E/S data from Refinitiv Find out more about our estimates with the deepest global views – Refinitiv I/B/E/S Estimates. Retail

One of the consequences of the coronavirus pandemic has been a shift to consumers “nesting” at home. Consumers were asked to stay at home and became teachers, fixed their homes, ordered takeout, took online workouts, cooking and DIY lessons. This has substantially accelerated the pace and shift to online shopping, which became evident when retailers reported strong digital sales in Q1 2020. Looking forward to anticipated Q2 performance, we used StarMine’s SmartEstimate to determine which companies in the Refinitiv Retail and Restaurant Index are better poised to continue beating earnings estimates. The results tell us that there is a nesting

Retailers are getting ready to report Q1 2020 earnings. As they navigate through uncharted territory, many are withdrawing their earnings guidance. The coronavirus pandemic has also prolonged retail store closures all over the world. However, some U.S. states are reopening for business, including such retailers as Macy’s and Best Buy. However, consumer shopping patterns have definitely been affected by the pandemic, underlying the importance of having a solid omnichannel experience. Shoppers are gravitating to online shopping and mobile devices for deliveries and curbside pickup. Here are some highlights as we head into the first earnings season of 2020: The Refinitiv

The Russell 1000 is expected to see year-over-year (Y/Y) CapEx spending bottom in 19Q4 at 1.1%. The real estate and industrials sectors are expected to see the largest 19Q4 Y/Y declines, while the consumer discretionary and consumer staples sectors are expected to post the greatest increases. The real estate sector is expected to see 19Q4 Y/Y CapEx decline 36.7%. Analysts anticipate that the industrial REITs (-87.5%) and office REITs (-84.5%) sub-industries will post the largest declines, while the residential REITs (17.3%) sub-industry is expected to have the greatest increase in 19Q4 Y/Y CapEx. The industrials sector is expected to see

The StarMine team has selected five North American companies, using Eikon Screener by Refinitiv, that we expect to beat 18Q3 earnings estimates, based on SmartEstimate® and Predicted Surprise data. Our North American selections for 2018 Q2 positive Predicted Surprises were 50% accurate, which can be seen here. Historically (since 2011 Q4), our positive Predicted Surprise picks have demonstrated an accuracy rate of about 80.6%, giving investors an edge ahead of earnings announcements. Our North American picks for positive Predicted Surprises in 2018 Q3 are — United Rentals Inc (URI.N), Newfield Exploration Co (NFX.N), Neurocrine Biosciences Inc (NBIX.O), Progressive Corp (PGR.N), and Paccar Inc (PCAR.O). SmartEstimates® aim to

The 17Q4 earnings season has arrived and the S&P 500 Earnings Scorecard by Refinitiv is where leading institutions and media outlets turn to follow S&P 500 earnings. The daily report is available for free on our Proprietary Research here. This article will demonstrate some advanced tips on how to fully utilize the data within the report and allow readers to adjust growth rates based on their outlook. The S&P 500 Earnings Scorecard is the most comprehensive and up to the minute compilation of aggregated earnings growth and market intelligence covering the companies included in the S&P 500 Index. This report

The StarMine team has selected five North American companies, using Eikon Screener, that we expect to beat 17Q4 earnings estimates, based on SmartEstimate®and Predicted Surprise data. Our North American selections for 2017 Q3 were 100% accurate, which can be seen here. Historically (since 2011 Q4), our picks have demonstrated an accuracy rate of about 80.8%, giving investors an edge ahead of earnings announcements. Our North American picks for positive Predicted Surprises in 2017 Q4 are — Caterpillar Inc (CAT.N), T-Mobile US Inc (TMUS.O), Kosmos Energy Ltd (KOS.N), Activision Blizzard Inc (ATVI.O), Carrizo Oil & Gas Inc (CRZO.O). SmartEstimates® aim to provide earnings forecasts that are more