Sheraz Mian

3 days ago | zacks.com | Sheraz Mian

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:Total S&P 500 earnings for the June quarter are expected to be up +4.9% from the same period last year on +3.9% higher revenues.

1 week ago | zacks.com | Sheraz Mian

Q2 earnings are expected to be up +5.0% YoY on +3.9% higher revenues. Expectations for Tech have notably stabilized in recent weeks. Next week, we'll hear from several S&P 500 companies, including MU, FDX, and NKE. The expectation is for Q2 earnings to increase by +5% from the same period last year on +3.9% higher revenues. This will be a material deceleration from the growth trend of recent quarters.

1 month ago | businessandamerica.com | Sheraz Mian

The earnings release from Nvidia NVDA is the true highlight of this week’s earnings docket, though there are a few other bellwethers on deck to report results as well, including Costco COST, Salesforce.com CRM, and Ulta Beauty ULTA. We have close to 100 companies reporting results this week, including 14 S&P 500 members. It is no exaggeration to say that Nvidia has emerged as a leader of the broader artificial intelligence (AI) ecosystem, with its chips running the models.

1 month ago | businessandamerica.com | Sheraz Mian

The market wasn’t particularly excited about Walmart’s WMT results last Thursday, but we think the retail leader did an excellent job in an otherwise challenging operating environment. The positives of the Walmart report were better-than-expected comps, the company’s domestic ecommerce business turning profitable for the first time, and its ability to provide guidance despite the all-around operating uncertainty.

1 month ago | finance.yahoo.com | Sheraz Mian

Walmart WMT shares have been standout performers this year, handily outperforming not just the broader market indexes and peers like Target TGT but also the likes of Amazon AMZN and most of the Magnificent 7 group members. With the company set to report quarterly results on Thursday, May 15th, it will be interesting to see if the stock can maintain its performance momentum after the results.