See It Market: Q2 2022 Corporate Earnings Preview: Looking Less Positive
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Earnings Research Overview and Highlights:
- S&P 500 EPS growth for Q2 is set to come in at 4.3%, the lowest level since Q4 2020
- Themes for Q2 and H2 2022: rising interest rates, inflationary pressures, recession risk
- The LERI points to more companies delaying earnings reports than advancing them to an earlier date, a sign of uncertainty on the horizon
- Some big names have yet to confirm Q2 earnings dates, or confirmed unusually late (Costco – stock ticker COST, 3M – stock ticker MMM, Intel – stock ticker INTC)
- Big banks kick things off with JPM and MS reporting Thursday
- Peak weeks for Q2 season from July 25 – August 12