Earnings Season Heats Up: Stay Ahead with This Simple Tracking Tool
Stocks just notched new all-time highs last week. Yet the threat of “Tariff Turmoil: Part II” is back in the headlines again.
And now, the next make-or-break catalyst for the market arrives this week: second-quarter earnings season.
The reports start in earnest today with several mega-banks – including JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), and Wells Fargo & Co. (WFC).
And it just gets busier from there over the next several weeks. There is always a lot riding on quarterly earnings reports.
But this season might be especially interesting – it’s the first since new tariffs were introduced in April, as shown above.
As you can see, “Tariff Turmoil: Part I” back in early April triggered massive earnings estimate cuts for the S&P 500 by Wall Street analysts.
Later, as one tariff deadline after another was postponed or renegotiated, profit estimates did bounce back somewhat, but much of the damage was already done.
Aggregate S&P 500 profit growth for the second quarter dropped sharply – from a +11% estimate at the beginning of 2025 to just +3.5% as earnings reports get underway this week.
That’s a mammoth haircut to corporate America’s expected profitability.
As you can see below, the biggest haircuts to earnings estimates fell on sectors including Consumer Discretionary, Consumer Staples, and Energy.
Meanwhile, profit estimates for Technology – after briefly dipping into negative territory – have now rebounded again. The same is true for the Communication Services and even the stodgy old Utilities sector.
These later sectors, where profit growth estimates weren’t cut much and have since been raised again, could be among the best bets for positive earnings surprises.
The Financial sector has also showed relatively minor earnings estimate cuts compared to the overall S&P 500 heading into reporting season. So, this sector may be a good bet for earnings surprises.
And we won’t have to wait long to find out – with JPMorgan Chase, Citigroup, and Wells Fargo all scheduled to report before today’s opening bell.
The best way to keep track of every report this earnings season is with the handy TradeSmith Calendar feature, which you can access from the main menu below.
Simply click on Calendar, and then select Market Calendar from the sub-menu bar. Here, you’ll find filters you can use to narrow your search among a whole list of upcoming corporate events, including:
- Ex-Dividend Dates
- Earnings Report Dates
- Stock Spin-offs
- And Stock Splits
You can also filter by Country of Exchange and select specific sources – like your pre-saved portfolios, watch lists, stocks baskets, newsletters and more.
You can see all the upcoming events in a Weekly or Monthly view, then drill down by each day to get a full list of stocks with pending news, including earnings reports.
Here’s a partial screenshot of today’s earnings calendar events, as shown above.
You’ll see detailed information including the prior period EPS, estimated earnings and revenue, and the actual results once they’re posted and updated in TradeSmith Finance.
Mike Burnick’s Bottom Line: Earnings season is a busy time – especially if you have a large stock portfolio or follow many stocks on your personal watch list. The TradeSmith earnings calendar helps you keep track of every event, so you won’t miss a beat this earnings season.
Good investing,
Mike Burnick
Senior Analyst, TradeSmith
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