Earnings Scoreboard: all 8 S&P 500 firms beat EPS estimates, 6 saw profits rise Y/Y

Corporate earnings for 8 S&P 500 companies came out last week across different sectors: Carnival (CCL), Micron Technology (MU), Conagra Brands (CAG), FactSet Research Systems (FDS), Jabil (JBL), Accenture (ACN), McCormick & Company (MKC), and NIKE (NKE) were among the companies that gave their quarterly numbers.

Earnings Roundup:

• Bottom Line: Earnings performance was broadly positive, with all 8 reporting companies surpassing consensus EPS estimates and zero bottom-line misses. On a Y/Y basis, 6 of the 8 firms expanded profits, while Carnival's (CCL) EPS was unchanged and Nike's (NKE) declined.
• Top Line: Revenue results were also largely positive, with 7 companies topping Wall Street expectations and Nike (NKE) falling short. Overall, 6 of the 8 firms achieved Y/Y revenue growth, while Conagra (CAG) and Nike (NKE) reported lower revenue from a year earlier.

Carnival (CCL) jumped after Q3 results topped expectations, with EPS of $1.43 beating consensus by $0.08. Strong bookings and continued demand helped the cruise operator raise its outlook.

Micron Technology (MU) stock increased after it delivered Q4 report, with EPS of $33.42 topping estimates by $1.60. Strong AI-driven memory demand helped drive the results, while the company’s outlook also came in well above expectations.

Conagra Brands (CAG) beat Q1 profit expectations, with EPS of $0.41 coming in $0.13 above consensus. The food maker maintained its fiscal 2027 outlook despite a modest decline in sales.

FactSet Research Systems (FDS) topped Q4 expectations, with EPS of $4.52 beating estimates by $0.17 as revenue rose 6.3% Y/Y. The company continued to benefit from growth in its subscription business.

Jabil (JBL) exceeded Q4 profit expectations, with EPS of $4.40 beating consensus by $0.32. The electronics manufacturer pointed to continued strength across its business as it entered fiscal 2027.

Accenture (ACN) surged after Q4 results beat expectations, with EPS of $3.29 topping consensus by $0.11. The company also issued its fiscal 2027 outlook as demand for AI-related services remained strong.

McCormick & Company (MKC) beat Q3 profit expectations, with EPS of $0.86 topping consensus by $0.10. The company highlighted continued sales momentum and outlined plans to reduce debt.

NIKE (NKE) beat Q1 EPS expectations, but revenue fell 4.4% Y/Y to $11.21B, missing estimates by $106.06M. Weakness in sales kept pressure on the company's ongoing turnaround.

Earnings next week:

Key reports to watch include Constellation Brands (STZ), PepsiCo (PEP), and Delta Air Lines (DAL).