Results vs. expectations đź”®
Previous earnings declines. Earnings per share have fallen 21-52% from peak to peak over the last 4 recessions. Estimates are down only 1% this year (Figure 1).
Earnings matter. Finally, let's look at the performance of stocks based on how earnings compare to estimates (Figure 2).
Let's see how this week turns out. $ZM (+0.43%)
$JD (+1.55%)
$DELL
$PTON (-0.04%)
$CRM (+1.51%)
$SNOW (+1.94%)
$NVDA (+6.64%) (Figure 3).
Source: https://www.researchaffiliates.com/publications/articles/808-value-in-recessions-and-recoveries
https://twitter.com/eWhispersref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
