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Earnings Season: So Far So Good; Next Week Oil Will Dominate

BySaxo Bank
AuthorSaxo Bank
Published 01/25/2013, 07:13 AM
Updated 03/19/2019, 04:00 AM

The earnings season continues at full throttle and with some drama - especially if you think about yesterday's slaughter of Apple (AAPL:Nasdaq). Next week has more in store for investors. But first how is the US earnings season stacking up?

Sales and earnings surprise ratios
The sales and earnings surprise ratios are so far 66 percent and 75 percent respectively. On sales, the energy and materials sectors stand out in terms of surprises raising hopes that global economic activity is picking up. With around 28 percent of the companies in the S&P 500 having reported earnings it is still too early to conclude on the big picture but some time next we will have enough data to conduct data analysis on the aggregate figures.

Bellwethers reporting
Next week we have some bellwethers reporting earnings. The most interesting names in terms of impact on market sentiment are Caterpillar (Monday), Amazon (Tuesday), Ford Motor (Tuesday), Boeing (Wednesday), Banco Santander (Thursday), LVMH Moet Hennessy Louis Vuitton (Thursday), Royal Dutch Shell (Thursday), Mastercard (Thursday), UPS (Thursday), BBVA (Thurday), Chevron (Friday) and Exxon Mobil (Friday).

Oil and financials
The three largest publicly traded oil companies are set to report next and the guidance from these companies could impact sentiment as global oil companies have their footprint in many industries that often are pro-cyclical and thus of broader interest to investors. On financials, the releases from Banco Santander and BBVA could move the market in European equity markets so look out for those as well.

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