If you have nothing nice to say…

FactSet points out that, for the first quarter earnings season coming up, virtually nobody has anything nice to say about their business trends…

For Q1 2015, 85 companies in the S&P 500 have issued negative EPS guidance and 16 companies have issued positive EPS guidance. If 16 is the final number of companies issuing positive EPS guidance for the quarter, it will mark the lowest number since Q1 2006. The number of companies issuing negative EPS guidance for Q1 2015 is above the trailing five-year average (76), but slightly below the trailing one-year average (87) for a quarter.

They note that the strong dollar / volatility in FX rates is the primary culprit.

Lowest Number of Companies Issuing Positive EPS Guidance Since 2006 (FactSet)


This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. KIU commented on Jan 06

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2015/04/02/if-you-have-nothing-nice-to-say/ […]

  2. Magic Chef MCD11E3B manuals commented on Jan 21

    … [Trackback]

    […] Here you will find 10707 additional Info to that Topic: thereformedbroker.com/2015/04/02/if-you-have-nothing-nice-to-say/ […]

  3. sklep konopny białystok commented on Jan 25

    … [Trackback]

    […] Here you will find 65904 more Info to that Topic: thereformedbroker.com/2015/04/02/if-you-have-nothing-nice-to-say/ […]