EC What Will Q1 2021 Earnings Season Show?

The table below shows summary expectations for 2021 Q1, contrasted with what was actually achieved in 2020 Q4.

The chart below takes a big-picture view of the quarters, showing Q1 earnings and revenue growth highlighted and shown in the context of what was actually achieved in the last few quarters and what is expected in the coming periods.

The chart below shows quarterly earnings totals or quarterly aggregate net income, instead of year-over-year growth rates. This gives us a better appreciation of the pandemic’s earnings impact.

The chart below presents the big-picture view on an annual basis. As you can see below, 2021 earnings and revenues are expected to be up +24.4% and +8.6%, respectively, which follows the Covid-driven decline of -13.2% in 2020.

On an index ‘EPS’ basis, the 2021 expectation works out to $169.08, up from $135.93 per ‘Index share’ in 2020.

These full-year estimates have been going up as well, as the chart below shows.

We envision these favorable revisions trend to accelerate over the next few months as the vaccination effort reaches a critical mass and greater ‘normalcy’ returns to life.

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William K. 1 month ago Member's comment

My prediction is that some will win big time, some will do OK, and some will lose their shirts. Who will do which is not so very clear right now.