23.09.2021 13:38

Zacks Earnings Trends Highlights: JPMorgan, FedEx, Adobe and Lennar

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For Immediate ReleaseChicago, IL – September 23, 2021 – Zacks Director of Research Sheraz Mian says, “Total Q3 earnings for the S&P 500 index are expected to be up +26.0% from the same period last year on +13.7% higher revenues."What Will Q3 Earnings Show?Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:We know that the earnings picture remains strong, even though the growth pace is expected to decelerate significantly in Q3 and beyond. What we don’t know at this stage is whether the incremental change in the earnings outlook over the coming days, as reflected in earnings estimate revisions, will be positive or negative.Estimates for 2021 Q3, whose early reports have started coming out, have not moved up as much as had been the case in the comparable periods in the last few quarters. That said, the revisions trend remains positive and could very well gain steam as the reporting cycle gets underway.Total Q3 earnings for the S&P 500 index are expected to be up +26.0% from the same period last year on +13.7% higher revenues. This would follow the +94.9% earnings growth on +25.2% higher revenues in Q2.While Q3 earnings growth is undoubtedly on track to decelerate from the first-half’s breakneck speed, largely a reflection of base effects, other positive features of the earnings picture from the first half, namely broad-based revenue momentum and a favorable revision trend, are expected to remain in place.Rising cost pressures amid supply-chain disruptions and labor/material shortages will keep the spotlight on margins, which are expected to be up year-over-year as well as sequentially in Q3. The margins trajectory over the coming periods is a key source of uncertainty in the earnings outlook given the lack of visibility with respect to the duration of inflationary pressures.Looking at the calendar-year picture for the S&P 500 index, earnings are projected to climb +42.6% on +13.4% higher revenues in 2021 and increase +9.5% on +6.6% higher revenues in 2022. This would follow the -13.0% earnings decline on -1.7% lower revenues in 2020.For the small-cap S&P 600 index, total Q3 earnings are expected to be up +43.1% on +15.8% higher revenues, which would follow the +268.3% earnings growth on +30.6% higher revenues in 2021 Q2.The implied ‘EPS’ for the S&P 500 index, calculated using the current 2021 P/E of 22.5X and index close, as of September 21st, is $193.71, up from $135.88 in 2020. Using the same methodology, the index ‘EPS’ works out to $212.13 for 2022 (P/E of 20.5X) and $233.32 in 2023 (P/E of 18.7X). The multiples have been calculated using the index’s total market cap and aggregate bottom-up earnings for each year.The Q3 earnings season will really get underway when JPMorgan (JPM) and the other major banks come out with their quarterly results on October 13th. That’s when everyone starts paying attention to the earnings season.But the reporting cycle actually got underway last week with Oracle (ORCL) and we now have results from 6 S&P 500 members including FedEx (FDX), Adobe (ADBE) and Lennar (LEN). Others are on deck to report quarterly results in the coming days for their respective fiscal quarters ending in August.All such August-period results will get included with the September-quarter reports as part of the Q3 reporting cycle. We will have seen roughly two dozen such August period results by the time JPMorgan comes out with its quarterly results.Total Q3 earnings for the S&P 500 index are expected to be up +26.0% from the same period last year on +13.7% higher revenues. This would follow the +94.9% earnings growth on +25.2% higher revenues in Q2.Please note that while the Q3 estimate revisions trend remains positive, it is not as strong as we had seen in the comparable periods of the preceding two quarters. It might be nothing more than a reflection of analysts’ tentativeness about the impact of the ongoing Delta variant, but it is nevertheless something we will be closely monitoring in the days ahead.We remain positive in our earnings outlook, as we see the overall growth picture steadily improving, with the revisions trend accelerating in the days ahead.Follow us on Twitter:  https://twitter.com/zacksresearch Join us on Facebook:  https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.com Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Oracle Corporation (ORCL): Free Stock Analysis Report Adobe Inc. (ADBE): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Lennar Corporation (LEN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Nachrichten zu Adobe Inc.

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Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu Adobe Inc.

  • Alle
  • Buy
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16.09.2020Adobe OutperformRBC Capital Markets
16.09.2020Adobe overweightBarclays Capital
16.09.2020Adobe OutperformCredit Suisse Group
16.09.2020Adobe OutperformBernstein Research
16.09.2020Adobe overweightJP Morgan Chase & Co.
16.09.2020Adobe OutperformRBC Capital Markets
16.09.2020Adobe overweightBarclays Capital
16.09.2020Adobe OutperformCredit Suisse Group
16.09.2020Adobe OutperformBernstein Research
16.09.2020Adobe overweightJP Morgan Chase & Co.
15.02.2019Adobe Market PerformCowen and Company, LLC
14.12.2018Adobe HoldPivotal Research Group
19.10.2018Adobe NeutralWedbush Morgan Securities Inc.
14.09.2018Adobe HoldPivotal Research Group
16.03.2018Adobe HoldPivotal Research Group
12.06.2017Adobe SellPivotal Research Group
12.12.2011Adobe Systems underperformRBC Capital Markets
10.11.2011Adobe Systems underperformRBC Capital Markets
21.09.2011Adobe Systems underperformRBC Capital Markets
13.09.2011Adobe Systems underperformRBC Capital Markets

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Adobe Inc. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
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