Another earnings season is upon us. Here's what one expert is anticipating

As companies get set to release their latest results, one research director said revisions have been moving lower amid persisting uncertainty regarding macroeconomic conditions.

Sheraz Mian, the director of research at Zacks, said in an interview with BNN Bloomberg Tuesday that while there has been some stabilization in the market, revisions have been moving downward since “peaking in April last year.” 

“The magnitude of revisions that we saw for the Q1 earnings season…while lower and negative was not as negative as we had seen in the prior two quarters,” Mian said. 

“There's continued uncertainty about the macro picture, about the margins outlook, and how management teams see the underlying business picture evolving in the coming period.”