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Earnings Looking STRONG after hours today

Posted on 10/18/22 at 3:09 pm
Posted by FLObserver
Jacksonville
Member since Nov 2005
15850 posts
Posted on 10/18/22 at 3:09 pm
Posted by TeaParty
Member since May 2022
935 posts
Posted on 10/18/22 at 4:01 pm to
If I got this right these would be lagging indicators. Exactly what the fed does not want. Would indicate the consumer is still spending thus inflation continues. The only option for the fed since they kicked the can down the road is to stop growth most people feel was the part of government printing money.

I doubt it's getting better for the consumer anytime soon
Posted by el Gaucho
He/They
Member since Dec 2010
58525 posts
Posted on 10/18/22 at 4:07 pm to
Earnings fake


This is a depression
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 10/18/22 at 4:20 pm to
quote:

If I got this right these would be lagging indicators. Exactly what the fed does not want. Would indicate the consumer is still spending thus inflation continues.


These numbers are through September, and we already got September CPI. The biggest benefit of the strong earnings so far is the fact that companies will be coming into this 2023 slowdown on solid footing. Guidance has also been relatively stable to up. It lends credence to the idea that a soft landing is still possible.
Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 10/18/22 at 5:18 pm to
quote:

Earnings Looking STRONG after hours today


Earnings are focused on the past. How is guidance or forecasts looking?
Posted by TeaParty
Member since May 2022
935 posts
Posted on 10/18/22 at 5:44 pm to
I would say a soft landing vs hard landing is subjective. I am not aware of a number other than media telling us what type of landing we have. I think we get to another .75 hike. I really think the majority of 2023 will be worse than what we are seeing now. While we may have seen the biggest drops this year. More downside to come. The transportation side of things probably gets worse cargo wise.

And if I heard right they were excited about JB Hunt

Another that always gets me is they beat or underperformed based on analyst expectations. Maybe the analyst were wrong
This post was edited on 10/18/22 at 6:04 pm
Posted by cadillacattack
the ATL
Member since May 2020
9643 posts
Posted on 10/18/22 at 7:22 pm to
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 10/18/22 at 7:25 pm to
quote:

I really think the majority of 2023 will be worse than what we are seeing now.


The market has been telling us this for quite a while now. There is a lot of negativity for 2023 built into this pullback.

quote:

Another that always gets me is they beat or underperformed based on analyst expectations. Maybe the analyst were wrong


Sure, but a lot of the market is based on those expectations. They also issue their own guidance, and that’s been decent enough so far.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
11642 posts
Posted on 10/19/22 at 8:32 am to
quote:

Earnings fake This is a depression


Well when you raise prices and people still keep buying then simple math says that earnings will stay strong but for how long.

Eventually the American consumer may have to make some hard choices between food and heat, or the next new phone.
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