December 3, 20180Comments

The “Earnings Recovery” Remains an Accounting Mirage

U.S. equities may have rebounded from 2015 lows, but economic earnings – which reverse accounting distortions and account for the weighted average cost of capital – remain in a persistent downturn.

by Kyle Guske II, Senior Investment Analyst, MBA

January 11, 20182Comments

Only One Sector Has Experienced A True Earnings Recovery

Accounting earnings may have rebounded from 2015 lows, but economic earnings—which reverse accounting distortions and account for the weighted average cost of capital (WACC)—remain in a persistent downturn.

by Sam McBride

September 8, 20170Comments

ICYMI: Most Attractive & Most Dangerous Stocks Update, Earnings “Recovery” Still an Illusion & Special Offer

Here's what happened at New Constructs this past week.

by Kyle Guske II, Senior Investment Analyst, MBA

September 7, 20170Comments

The Earnings Recovery Remains an Illusion

Our analysis of the latest 10-K and 10-Q filings for the S&P 500 shows that the GAAP earnings growth in the market has not translated to an increase in economic earnings.

by Sam McBride

May 4, 20172Comments

The Earnings Recovery Is A Sham

Our analysis of the latest 10-K filings for the 2,600 largest and most actively-traded companies shows that the much-hyped end to the earnings recession is an accounting illusion.

by Sam McBride