Earnings season kicked off with a bang, and U.S. stocks added 2% to recent gains this week. Utility and Technology names led the way higher, while Energy stocks lagged.Investors celebrated some positive economic data from around the globe. For example, U.S. December home starts were reported at the highest in 13 years. Additionally, Chinese industrial … Continue reading Earnings Season
Netflix reported 3rd Quarter earnings of $1.47 per share on revenue of $5.2 billion. The consensus earnings estimate was $1.05 per share on revenue of $5.3 billion. Revenue grew 31.1% on a year-over-year basis. Crushed on earnings, missed on revenue and guided lower. But I think the mood of the street was they were going … Continue reading Netflix Beats
Companies in the S&P 500 Index need this earnings season to be above average once again to avoid their first drop in profit since 2016. S&P 500 earnings per share have exceeded analysts’ end-of-quarter estimates by an average of 3.6 percentage points since 2011, according to data compiled by Bloomberg. Gaps of 5.1 points in … Continue reading Earnings on the Horizon
The company with the fun to say name reported 2nd Quarter July 2019 earnings of $1.24 per share on revenue of $2.6 billion. The consensus earnings estimate was $1.14 per share on revenue of $2.6 billion. The company said it expects third quarter revenue of $2.84 billion to $2.96 billion, and earnings of $1.48 to … Continue reading Nvidia!
Paypal had a great quarter, beating estimates by almost 18% on the earnings side and meeting revenue estimates. Revenue grew 11.6% y-o-y. They reported $0.86 per share on revenue of $4.3 billion. Future guidance was the problem, the company said it expects third quarter earnings of $0.69 to $0.71 per share on revenue of $4.33 … Continue reading Paypal Reports
Unfortunately the estimate was for a loss of $0.52... Tesla reported a loss of $1.12 per share on revenue of $6.3 billion(also missed revenue estimate of $6.4 billion). Revenue did grow by almost 60%. The totally believable shareholder letter said the company expects positive GAAP earnings in the 3rd quarter, consensus estimates are for $0.27 … Continue reading Tesla Doubles Estimate!
Align Technology , the maker of clear braces, reported 2nd Quarter June 2019 earnings of $1.64 per share on revenue of $600.7 million. The consensus earnings estimate was $1.52 per share on revenue of $595.6 million. Revenue grew 22.5% on a year-over-year basis. The company said it expects third quarter earnings of $1.09 to $1.16 … Continue reading Align Tumbles on Cautious Outlook
Anyone seeking to understand the S&P 500 Index’s performance in the decade-long bull market ought to focus on earnings. Comparing the S&P 500’s profit growth on a per-share basis with its value since mid-2009. Earnings climbed 203% as the index rose 232%.
Snap reported a 2nd Quarter June 2019 loss of $0.06 per share on revenue of $388.0 million. The consensus estimate was a loss of $0.10 per share on revenue of $358.5 million. Revenue grew 48.0% on a year-over-year basis. The company said it expects third quarter revenue of $410.0 million to $435.0 million. The current … Continue reading Oh Snap!
The relationship between dividends and earnings on the S&P 500 Index. U.S. companies are showing the kind of confidence that points toward a rebound in earnings growth. Payouts increased 7.5% on a per-share basis from Sept. 30 through Friday even though profit only rose 1.1%, according to data compiled by Bloomberg. So far, companies seem … Continue reading Dividends and Earnings