Earnings
With just over 100 companies reported so far in the U.S. and the bulk of the Canadian earnings season just around the corner, we thought it fitting to have a look at how the season is progressing and what it’s all about. Earnings are the beating heart of valuation and stock returns; by some models, stock prices are simply the present value of all future dividends (paid through earnings). Earnings season can also cause a frenzy of activity as we get only four occasions a year to have a real look under the hood at how a company is performing. The results, along with comments from management, give a glimpse into the outlook, industry demand, pricing power (margins), and how...
