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Globe and Mail
4 days ago
- Business
- Globe and Mail
Zacks Earnings Trends Highlights: Meta Platforms and Alphabet
For Immediate Release Chicago, IL – August 14, 2025– Zacks Director of Research Sheraz Mian says, "For the current period (2025 Q3), total S&P 500 earnings are expected to increase +4.8% on +5.4% higher revenues, with estimates modestly going up." Earnings Outlook Remains Strong & Improving: A Closer Look 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: The overall earnings picture remains strong and steadily improving. We saw an above-average proportion of companies beat Q2 estimates, with expectations for the current and upcoming periods also increasing. For the 457 S&P 500 companies that have already reported Q2 results, total earnings are up +11.6% from the same period last year on +5.8% higher revenues, with 80.5% beating EPS estimates and 78.8% beating revenue estimates. Looking at Q2 as a whole, combining the actual results that have come out with estimates for the still-to-come companies, total S&P 500 earnings are expected to be up +12.0% from the same period last year on +6.0% higher revenues. For the current period (2025 Q3), total S&P 500 earnings are expected to increase +4.8% on +5.4% higher revenues, with estimates modestly going up since the quarter got underway. A Favorable Estimate Revisions Trend The revisions trend continues to remain favorable, as we have consistently been flagging in recent weeks. We see this in estimates for the current period (2025 Q3) as well as for the last quarter of the year. For 2025 Q3, the expectation is for earnings growth of +4.8% on +5.4% revenue gains. Since the start of Q3 this month, estimates have modestly increased for five of the 16 Zacks sectors, including Finance, Tech, Energy, Retail, and others. On the negative side, Q3 estimates remain under pressure for the remaining 11 Zacks sectors, with significant declines to estimates for the Medical, Basic Materials, Construction, Transportation, and other sectors. For the Tech sector, Q3 earnings are expected to be up +10.5% from the same period last year on +11.6% higher revenues. You can look at Q3 estimates for Tech players like Meta Platforms META, Alphabet GOOGL and others. Meta, which reported Q2 results on July 30 th, is currently expected to bring in $6.69 per share in earnings in Q3. Estimates for Meta have been on a steady upward trend, with the current $6.69 EPS estimate increasing by 14.4% over the past month and 17.4% over the past two months. Alphabet, which reported Q2 results on July 23 rd, is expected to earn $2.32 per share in Q3, with the estimate up +5.9% over the past month and +7.4% over the past two months. This positive revisions trend is even more notable for the big banks and brokers like JPMorgan, Citigroup, Goldman Sachs, and others in the Finance sector. Earnings Expectations for 2025 Q2 & Beyond The positive results from more than 90% of S&P 500 members have helped push the Q2 earnings growth expectation higher, with earnings for the S&P 500 index now expected to increase by +12.0% from the same period last year on +6.0% higher revenues. We have been pleasantly surprised by the aforementioned favorable revisions trend, which validates the market's rebound from the April lows. Given the positive run of Q2 results, it will make sense for this trend to remain in place over the coming weeks as we go through this reporting cycle. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Follow us on Twitter: Join us on Facebook: 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 Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ 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. Past performance is no guarantee of future results. Inherent in any investment is the potential for 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 for information about the performance numbers displayed in this press release. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Alphabet Inc. (GOOGL): Free Stock Analysis Report Meta Platforms, Inc. (META): Free Stock Analysis Report
Yahoo
25-07-2025
- Business
- Yahoo
Do Q2 Reports Shape a More Uncertain Outlook?
If you think there are no signs of tariffs inside the current U.S. macro system, you may have to think get more on that now from our Chief Equity Strategist and Economist, John Blank. 1. Each month, you highlight a section, found within the latest Zacks Market Strategy report. This month it's the Institute of Supply Management's (ISM) manufacturing purchasing manager indices (PMI). Is that where the most striking tariff dynamics caught your attention? 2. Where within that data are these tariff signs located? 3. According to the purchasing managers, where in the system is the impact of this data being felt, in the economy, markets? 4. Stronger than expected retail sales numbers out last week don't seem to indicate tariffs are affecting consumer spending habits yet. That seems like a positive, correct? 5. Earnings are rolling in. At the start of April, Q2 earnings estimates have declined for 13 of the 16 Zacks sectors. That's when estimates for Q2 had come under severe pressure with the announcement of reciprocal tariffs in early April prompting analysts to materially lower their earnings expectations. Since then, our Research Director Sheraz Mian, says the revisions trend stabilized later in the quarter with estimates increasing slightly for a few sectors. Does that negate the ISM data at all? 6. What impact do you see this data having on the Zacks Sector Rankings? 7. What about tariff lead impact to stocks? They're on a winning streak, near all time highs. Have investors mostly ignored the tariff story? 8. Do you see that turning around near-term? 9. Speaking of stocks, three major multi-nationals are on your radar. Two are not based in the U.S. Among them, Seven and I Holdings Co. (SVNDY), The Estee Lauder Companies (EL) and Bayer AG (BAYRY). Our Chief Equity Strategist and Economist, John Blank, on signs of tariffs inside the U.S. macro system. With John, I'm Terry Ruffolo. 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 The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report Bayer Aktiengesellschaft (BAYRY) : Free Stock Analysis Report Seven and I Holdings Co. (SVNDY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
24-07-2025
- Business
- Globe and Mail
Zacks Earnings Trends Highlights: Meta Platforms and Nvidia
For Immediate Release Chicago, IL – July 24, 2025 – Zacks Director of Research Sheraz Mian says, "The combination of a stabilizing macroeconomic backdrop and reassuring management commentary is helping to reverse the earlier negative revisions trend." Q2 Earnings Results Show an Improving Growth Picture 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>>> A positive picture is emerging from the Q2 earnings season, with an above-average proportion of companies beating consensus estimates. More importantly, the combination of a stabilizing macroeconomic backdrop and reassuring management commentary is helping to reverse the earlier negative revisions trend, with estimates for the second half of the year starting to increase again. For the 117 S&P 500 companies that have already reported Q2 results, total earnings are up +8.3% from the same period last year on +5.3% higher revenues, with 87.2% beating EPS estimates and 80.3% beating revenue estimates. The proportion of these 117 index members beating EPS and revenue estimates is tracking notably above the historical average for this group of companies. The Q2 EPS beats percentage of 87.2% for this group of index members compared to the 20-quarter average of 81.9% while the same on the revenues side is 80.3% vs. 70%. For the Finance sector, we now have Q2 results from 53.3% of the sector's market capitalization in the S&P 500 index. Total earnings for these Finance companies are up +17.3% from the same period last year on +5.5% higher revenues, with 91.2% beating EPS estimates and 79.4% beating revenue estimates. An Emerging Positive Estimate Revisions Trend Regular readers of our earnings commentary are familiar with a persistently negative revisions trend that has been in place since the start of the year, with the unfavorable trend accelerating at the beginning of Q2 with the Trump administration's tariff announcements. The revisions trend notably stabilized as we have gone through Q2 and has actually started turning positive in recent days. Since the start of Q3 this month, estimates have modestly increased for half of the 16 Zacks sectors, including Finance, Tech, Energy, Consumer Discretionary, Autos, and others. On the negative side, Q3 estimates are still under pressure for the other 8 Zacks sectors, with significant declines to estimates for the Medical, Basic Materials, Construction, Transportation, and other sectors. For the Tech sector, Q3 earnings are expected to be up +6.8% from the same period last year on +9.7% higher revenues. You can look at Q3 estimates for Tech players like Meta Platforms META, Nvidia NVDA and others. Meta, which reports Q2 results on July 30 th, is currently expected to bring in $5.92 per share in earnings in Q3. Estimates have been on a steady uptrend for Meta, with the current $5.92 EPS estimate up +1.2% over one week and +2.6% over the past month. Nvidia, which will be the last Mag 7 company to report Q2 results on August 27 th, is expected to earn $1.60 per share in Q3, up +0.9% over the past week and +1.8% over the past month. This positive revisions trend is even more notable for the big banks and brokers like JPMorgan, Citigroup, Goldman Sachs, and others in the Finance sector. Earnings Expectations for 2025 Q2 & Beyond The positive results from more than 23% of S&P 500 members have helped push the Q2 earnings growth expectation higher, with earnings for the S&P 500 index now expected to increase by +6.9% from the same period last year on +4.5% higher revenues. We have been pleasantly surprised by the aforementioned favorable revisions trend, which validates the market's rebound from the April lows. Given the positive run of Q2 results, it will make sense for this trend to remain in place over the coming weeks as we go through this reporting cycle. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ 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. Past performance is no guarantee of future results. Inherent in any investment is the potential for 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 for information about the performance numbers displayed in this press release. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. NVIDIA Corporation (NVDA): Free Stock Analysis Report
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Is Netflix (NFLX) a 'Buy' Ahead of Q2 Earnings Announcement?
Zacks Investment Research - Zacks Investment Research - Streaming pioneer Netflix NFLX is set to report Q2 earnings results on Thursday after the closing bell. Netflix, a Zacks Rank #2 (Buy), has handily outperformed the market year-to-date with a better than 40% return. But with markets looking extended in the short-term, is the stock a buy heading into the release? Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Analysts are expecting NFLX to deliver quarterly earnings of $7.07 per share, reflecting a nearly 45% improvement relative to the same quarter in the prior year. Projected revenues of $11.06 billion would mark a 15.7% jump versus the year-ago period. Netflix has beaten earnings estimates in each of the past four quarters. The streaming giant boasts a 6.94% average earnings surprise over that timeframe. Strong member retention and healthy engagement levels support its ambitious targets. Key content returners in 2025 like Wednesday and Stranger Things hold promise. Our proprietary earnings model conclusively predicts another earnings beat for the upcoming announcement. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Netflix, Inc. (NFLX): Free Stock Analysis Report
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Zacks Earnings Trends Highlights: JPMorgan, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley
For Immediate Release Chicago, IL – July 17, 2025– Zacks Director of Research Sheraz Mian says, "The banks already reported not only produced better-than-expected Q2 results, but managements' commentary on business trends and conditions paints a favorable and reassuring view of the coming quarters." Q2 Earnings Season Kicks Off Positively: A Closer Look 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: The big banks and brokers have given us a positive start to the Q2 earnings season. These banks have not only reported better-than-expected Q2 results, but managements' commentary on business trends and conditions paints a favorable and reassuring view of the coming quarters. For the 38 S&P 500 companies that have already reported Q2 results, total earnings are up +8.3% from the same period last year on +4.8% higher revenues, with 84.2% beating EPS estimates and 81.6% beating revenue estimates. It is relatively early in the Q2 reporting cycle, but the proportion of these 38 index members beating EPS and revenue estimates is tracking notably above the 20-quarter average for this group of companies. For the Finance sector, we now have Q2 results from 35.6% of the sector's market capitalization in the S&P 500 index. Total earnings for these Finance companies are up +13.2% from the same period last year on +3.4% higher revenues, with all the companies beating EPS estimates and 84.6% beating revenue estimates. Reassuring Bank Results Stocks of the big Wall Street firms have been stellar market performers lately. This had increased the odds in our eyes that the companies' June-quarter results may prove to be sell-the-news type of developments, particularly since these banks weren't expected to show much strength in their numbers. Considering the year-to-date performance of JPMorgan ( JPM ), Bank of America BAC, Citigroup C, Wells Fargo WFC, Goldman Sachs GS and Morgan Stanley MS. Each of these Wall Street firms has outperformed the market this year, except for Bank of America, which has modestly lagged behind the market. It is reassuring to see that the actual results from Q2 have largely been very strong and better than expected. Importantly, management commentaries on business trends, the coming quarters, and the overall health of the economy have been broadly positive. We should note, however, that results at Bank of America and Wells Fargo were mixed at best, with both coming up short of net interest income and the latter also guiding lower on that front. Net interest income, which is the money banks earn from their lending operations, decreased by -2.6% at Wells Fargo and increased by +7% at Bank of America. Net interest income was up +2% at JPMorgan and an impressive +12% at the seemingly resurgent Citigroup. The favorable performance of Citigroup shares in the above chart not only anticipated the bank's strong results but also reflected the market's confidence in the new management team's strategy. Citigroup also had impressive results in the trading and investment banking businesses. Trading revenues were up +16% at Citigroup, while JPMorgan, Bank of America, Goldman Sachs, and Morgan Stanley reported gains of +15%, +15%, +22%, and +18%, respectively. Goldman Sachs' equity trading volumes were a new all-time quarterly record. While the trading business benefited from the elevated tariffs-centric market volatility, the resulting business uncertainty chilled investment banking activities, particularly in the immediate aftermath of the tariff announcements at the start of Q2. However, as JPMorgan noted on its earnings call, the pace of activity notably picked up later in the quarter, resulting in all of these companies exiting the quarter in a much better position. Investment banking revenues increased +15% at Citigroup, while the same at Goldman Sachs and JPMorgan increased +26% and +7% from the year-earlier level, respectively. Please note that JPMorgan's +7% increase in investment banking revenues compares to management's earlier guidance of a mid-teens decline. Investment banking revenues were down at Morgan Stanley and Bank of America. For the Zacks Investment Brokers & Managers industry at the mezzanine level, which includes all of these Wall Street firms, total Q2 earnings are now expected to be up +10.5%, which compares to the -2.8% decline that was expected before these results came out. Q2 earnings growth for the Zacks Finance sector is now expected to be +14.3% on +4.8% revenue growth. With about two-thirds of the sector's market capitalization still to report Q2 results, the Q2 earnings growth pace should go up further in the days ahead. Importantly, the positive and reassuring management commentary from these Wall Street firms should help push estimates higher for Q3 and beyond. Expectations for 2025 Q2 & Beyond The strong bank results have helped push the Q2 earnings growth expectation higher, with earnings for the S&P 500 index now expected to increase by +5.7% from the same period last year on +4.2% higher revenues. The market's rebound from the post-tariffs April lows has been very impressive, likely suggesting that market participants don't see the tariff uncertainty as presenting a significant threat. This view is also confirmed by commentary from management teams during their earnings calls. We find ourselves a bit skeptical of this sanguine view. Whatever the final level of tariffs turns out to be, it will have an impact on the earnings picture. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Follow us on Twitter: 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 Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ 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. Past performance is no guarantee of future results. Inherent in any investment is the potential for 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 for information about the performance numbers displayed in this press release. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> 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 The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Bank of America Corporation (BAC): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report
