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Earnings Overview: 2023 Q2: Difference between revisions
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* '''If -7.2% is the actual earnings decline''' for the quarter, it will mark the '''largest earnings decline reported by the index since Q2 2020 (-31.6%)'''. It will also mark the third straight quarter in which the index has reported a (year-over-year) decrease in earnings. | * '''If -7.2% is the actual earnings decline''' for the quarter, it will mark the '''largest earnings decline reported by the index since Q2 2020 (-31.6%)'''. It will also mark the third straight quarter in which the index has reported a (year-over-year) decrease in earnings. | ||
* '''The estimated earnings decline for the S&P 500 for Q2 2023 of -7.2% today is larger than the estimate of -4.7% at the start of the quarter (March 31)''', as estimated earnings for the index of $455.9 billion today are 2.6% below the estimate of $467.9 billion at the start of the quarter. | |||
* In terms of estimate revisions, analysts lowered earnings estimates for Q2 2023 by a smaller margin than average during the quarter. '''On a per-share basis, estimated earnings for the second quarter decreased by 3.0% from March 31 to June 30'''. This decrease is smaller than the 5-year average of -3.4% and smaller than the 10-year average of -3.4%. | * In terms of estimate revisions, analysts lowered earnings estimates for Q2 2023 by a smaller margin than average during the quarter. '''On a per-share basis, estimated earnings for the second quarter decreased by 3.0% from March 31 to June 30'''. This decrease is smaller than the 5-year average of -3.4% and smaller than the 10-year average of -3.4%. | ||
* In terms of revenues, analysts have also lowered their estimates during the quarter. As of today, the '''S&P 500 is expected to report a (year-over-year) revenue decline of -0.3%''', compared to the expectations for flat revenues (0.0%) on March 31. | * In terms of revenues, analysts have also lowered their estimates during the quarter. As of today, the '''S&P 500 is expected to report a (year-over-year) revenue decline of -0.3%''', compared to the expectations for flat revenues (0.0%) on March 31. | ||