News

Earnings across the sector have been mixed, with commentary reflecting a cautious tone due to more pronounced macro uncertainty and various idiosyncratic challenges.

This earnings season, U.S. Banks are reporting largely solid results relative to Street expectations with most posting Q2 beats on the top- and bottom-line.

Earnings season is quickly approaching!

Heading into earnings season, our Q1’24 Inside The Buy-Side® Earnings Primer® survey, published April 11, registered higher optimism despite dashed rate cut hopes and stickier inflation.

An examination of Materials sector earnings announcements this quarter finds an improving executive tone.

Many observed a cautious consumer environment through the first three months of the year, leading to subdued traffic, sales, and a more competitive landscape overall, especially in regions like China where recovery has been slower than expected.

While performances have varied from company to company, in aggregate, Industrials currently represent the only sector in the S&P 500 where the majority of reported top-line figures have come in below consensus.

This earnings season, Banks highlighted the enduring benefits of scale and deposit stickiness in an economy buoyed by low unemployment and persistent consumer spending.

In line with findings from our Inside The Buy-Side® Earnings Primer®, commentary from earnings call thus far reveal a cautiously optimistic tone among executives.

Heading into this past earnings season, our Q4’23 Inside The Buy-Side® Earnings Primer® registered a more optimistic tone overall after last quarter’s survey found sentiment increasingly trending neutral.