Summary

This first-quarter earnings season has had a special tone. As usual, many companies have offered guidance. But they also have increasingly focused on the economy, tariffs, and overall uncertainty. On tariffs specifically, managements are detailing any likely impact on profits and any plans to pass price hikes on to customers and/or consumers. Our team of analysts is factoring all this fresh data into sector outlooks, earnings forecasts, and investment ratings. We track the list of companies raising guidance, and this quarter that list often features companies in sectors such as Communication Services, Consumer Discretionary, Consumer Staples, Healthcare, Industrial, and Information Technology. Often missing are companies the Financials, Energy, and Materials sectors. Companies that are still able to raise guidance despite the tariff and macroeconomic uncertainty could feature managements that hav