How Sustainable Is Earnings Growth?

Not very.

We will leave the calculation for the entire stock market to the stock analysts.

Here’s why:

Just glancing over WalMart’s latest earnings release from the week, we see two one-off macro factors that helped WalMart’s earnings in Q1, and likely are the same for most companies:

  1.  Foreign exchange rate effect
  2.  The tax cut

Note that almost 40 percent of WalMart’s y/y revenue growth in Q1 was due to the exchange effect, and over 1300 bps of tax cut relief.  That is one-offs.

Though the dollar was weaker in Q1, it has rebounded sharply in Q2.  Thus a deleterious exchange rate effect is coming to Q2 earnings.  Not to mention higher gas prices and interest rates, which will negatively impact the non-energy and non—financial sectors.

 

May21_WalMart_@

May21_WalMart_2

This entry was posted in Dollar, Earnings, Uncategorized and tagged , , . Bookmark the permalink.

62 Responses to How Sustainable Is Earnings Growth?

  1. Pingback: How Sustainable Is Earnings Development? – Viralmount

  2. Pingback: How Sustainable Is Earnings Growth? – iftttwall

  3. Pingback: How Sustainable Is Earnings Growth? | Daily Forex Circle

  4. Pingback: How Sustainable Is Earnings Growth? – Wall Street Karma

  5. Pingback: How Sustainable Is Earnings Growth? – The Deplorable Patriots

  6. Pingback: How Sustainable Is Earnings Growth? | Newzsentinel

  7. Pingback: How Sustainable Is Earnings Growth? | StockTalk Journal

  8. Pingback: How Sustainable Is Earnings Growth? - Investing Matters

  9. Pingback: How Sustainable Is Earnings Growth? – ProTradingResearch

  10. Pingback: How Sustainable Is Earnings Growth? | Wall Street Vibes

  11. Pingback: How Sustainable Is Earnings Growth? – open mind news

  12. Pingback: How Sustainable Is Earnings Growth? | Real Patriot News

  13. Pingback: How Sustainable Is Earnings Growth? – Forex news forex trade

  14. Pingback: How Sustainable Is Earnings Growth? - forex analytics Forex Factory provides information to professional forex traders; lightning-fast forex news; bottomless forex forum; famously-reliable forex calendar; aggregate ...

  15. Pingback: How Sustainable Is Earnings Growth? - aroundworld24.com

  16. Pingback: How Sustainable Is Earnings Growth? – Forex news – Binary options

  17. Pingback: How Sustainable Is Earnings Growth? – top10brokersbinaryoptions.com

  18. Pingback: How Sustainable Is Earnings Growth? - pustakaforex.com

  19. Pingback: How Sustainable Is Earnings Growth? – TCNN: The Constitutional News Network

  20. Pingback: How Sustainable Is Earnings Growth? – forex-4you.com, الفوركس بالنسبة لك

  21. Pingback: How Sustainable Is Earnings Growth? - entertainment-ask.com

  22. Pingback: How Sustainable Is Earnings Growth? – customchakra.com

  23. Pingback: How Sustainable Is Earnings Growth? – forexoperate.com

  24. Pingback: How Sustainable Is Earnings Growth? – forex analytics forexpic.com

  25. Pingback: How Sustainable Is Earnings Growth? - forexdemoaccountfree.com

  26. Pingback: How Sustainable Is Earnings Growth?

  27. Pingback: How Sustainable Is Earnings Growth? – forexreadymax.info

  28. Pingback: How Sustainable Is Earnings Growth? – comparforex.com

  29. Pingback: How Sustainable Is Earnings Growth? – forexlivetoday.com

  30. Pingback: How Sustainable Is Earnings Growth? – secretsforex.com

  31. Pingback: Comment Est-Elle Soutenable À La Croissance Des Gains? – forex-enligne-fr.com

  32. Pingback: How Sustainable Is Earnings Growth? – mudahnyaforex.com

  33. Pingback: How Sustainable Is Earnings Growth? – myforexx.info

  34. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins | RIA

  35. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins | Daily Forex Circle

  36. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – iftttwall

  37. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – TradingCheatSheet

  38. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins | CENSORED.TODAY

  39. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – Conspiracy News

  40. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins

  41. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins | Real Patriot News

  42. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins | Wall Street Vibes

  43. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins - aroundworld24.com

  44. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – Forex news forex trade

  45. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – forex-4you.com, الفوركس بالنسبة لك

  46. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – Binarybrokersblog.com – binary options trade forex

  47. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – Forex news – Binary options

  48. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins - entertainment-ask.com

  49. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – top10brokersbinaryoptions.com

  50. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – forexoperate.com

  51. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins - forex analytics Forex Factory provides information to professional forex traders; lightning-fast forex news; bottomless forex forum; famously-reliable forex calendar; aggregate ...

  52. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins - forexdemoaccountfree.com

  53. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – forexlivetoday.com

  54. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins - megaprojectfx-forex.com

  55. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – comparforex.com

  56. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins | verylost.me

  57. Pingback: Week-End De Lecture: Tout Le Monde Est Passif Jusqu’À Ce Que La Vente Commence – forex-enligne-fr.com

  58. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – mudahnyaforex.com

  59. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – forex analytics forexpic.com

  60. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – customchakra.com

  61. Pingback: Weekend Reading: Everyone Is Passive Until The Selling Begins – myforexx.info

  62. Pingback: BFTP: How Sustainable Is Earnings Growth? | Global Macro Monitor

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s