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Q2 2021 Earnings Preview

For Immediate Release

Chicago, IL – June 7, 2021 – Zacks.com releases the list of companies likely to issue earnings surprises.

Q2 2021 Earnings Preview

We all know that the overall earnings picture is very strong, with broad-based growth momentum across all major sectors and the overall earnings tally reaching a new all-time quarterly record in the preceding reporting cycle (for 2021 Q1).

The year-over-year growth numbers were very strong in Q1, partly reflecting the easy comparisons to the year-earlier period. The easy comparisons issue will be even more pronounced in Q2 as the corresponding 2020 period represented the pandemic’s severest impact.

We should keep in mind, however, that the strong earnings growth we saw in Q1 and the even stronger growth expected in Q2 is also reflective of genuine growth in the absolute sense, not just a result of easy comparisons.

These are quarterly earnings totals, with aggregate earnings estimates for 2021 Q2, and actually reported earnings for 2020 Q2 and 2019 Q2 highlighted.

You can see that 2021 Q2 earnings for the S&P 500 index are expected to be up +59.4% from the Covid-hit 2020 Q2 period. But even relative to the pre-Covid 2019 Q2 period, 2021 Q2 earnings are expected to be up +7.9%.

Estimates have been steadily going up, as we have been consistently pointing out in our earnings commentary, though the favorable revisions trend has eased off in recent weeks.

On an index ‘EPS’ basis, the 2021 expectation works out to $182.56, up from $135.98 per ‘Index share’ in 2020. These full-year estimates have been going up as well.

For a detailed look at the overall earnings picture, including expectations for the coming periods, please check out our weekly Earnings Trends report >>>>Handicapping the Q2  Earnings Season

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This 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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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