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Earnings Overview: 2023 Q2: Difference between revisions

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Earnings Overview: 2023 Q2 (view source)

Revision as of 19:50, 4 September 2023

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|'''3.4%'''
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== Actual Results ==
=== Refnitiv ===
* 23Q2 Y/Y earnings are expected to be -2.9%. Excluding the energy sector, the Y/Y earnings estimate is 3.5%.
* Of the 497 companies in the S&P 500 that have reported earnings to date for 23Q2, 78.7% have reported earnings above analyst estimates. This compares to a long-term average of 66.4% and prior four quarter average of 73.4%.
* 23Q2 Y/Y revenue is expected to be 0.5%. Excluding the energy sector, the growth estimate is 4.4%.
* 63.3% of companies have reported 23Q2 revenue above analyst expectations. This compares to a long-term average of 62.2% and an average over the past four quarters of 70.5%.
* For 23Q3, there have been 75 negative EPS preannouncements issued by S&P 500 corporations compared to 63 positive EPS preannouncements. By dividing 75 by 63 the N/P ratio is 1.2 for the S&P 500 Index.
* The forward four-quarter (23Q3– 24Q2) P/E ratio for the S&P 500 is 19.3.  During the week of Sep. 4, two S&P 500 companies are expected to report quarterly earnings.
'''2023Q2 Blended (Reported & Estimated) Earnings Growth'''
{| class="wikitable"
!
!Earnings $B
!Earnings $B
!Growth $B
!Growth %
|-
!Sector
!23Q2
!22Q2
!23Q2
!23Q2
|-
|Consumer Discretionary
|40.7
|26.3
|14.5
|55.1%
|-
|Consumer Staples
|30.1
|27.8
|2.3
|8.4%
|-
|Energy
|30.4
|58.3
| -27.8
| -47.7%
|-
|Financials
|82.1
|74.7
|7.4
|9.9%
|-
|Health Care
|56.8
|77.5
| -20.7
| -26.7%
|-
|Industrials
|43.9
|37.9
|5.9
|15.7%
|-
|Materials
|14.2
|19.2
| -5.1
| -26.4%
|-
|Real Estate
|11.9
|12.2
| -0.3
| -2.2%
|-
|Information Technology
|86.4
|82.2
|4.1
|5.0%
|-
|Communication Services
|43.3
|37.3
|6.0
|16.0%
|-
|Utilities
|11.5
|11.4
|0.1
|0.6%
|-
|'''S&P 500'''
|'''451.2'''
|'''464.8'''
|'''-13.6'''
|'''-2.9%'''
|}
{| class="wikitable"
! colspan="2" |Sector Q2 2023
! colspan="2" |Sept 4
! colspan="2" |1 Jul
! colspan="3" |1 Apr
! colspan="2" |1 Jan
! colspan="2" |1 Oct
!1 Jul
|-
| colspan="2" |Consumer Discretionary
| colspan="2" |55.1%
| colspan="2" |26.6%
| colspan="3" |26.0%
| colspan="2" |36.7%
| colspan="2" |49.6%
|39.4%
|-
| colspan="2" |Consumer Staples
| colspan="2" |8.4%
| colspan="2" |1.9%
| colspan="3" |8.2%
| colspan="2" |5.3%
| colspan="2" |6.5%
|10.1%
|-
| colspan="2" |Energy
| colspan="2" | -47.7%
| colspan="2" | -44.6%
| colspan="3" | -36.2%
| colspan="2" | -29.1%
| colspan="2" | -27.4%
| -19.3%
|-
| colspan="2" |Financials
| colspan="2" |9.9%
| colspan="2" |8.4%
| colspan="3" |10.3%
| colspan="2" |12.7%
| colspan="2" |16.4%
|20.1%
|-
| colspan="2" |Health Care
| colspan="2" | -26.7%
| colspan="2" | -15.8%
| colspan="3" | -12.4%
| colspan="2" | -6.9%
| colspan="2" | -3.1%
|2.1%
|-
| colspan="2" |Industrials
| colspan="2" |15.7%
| colspan="2" |6.7%
| colspan="3" |4.8%
| colspan="2" |6.5%
| colspan="2" |11.6%
|18.0%
|-
| colspan="2" |Materials
| colspan="2" | -26.4%
| colspan="2" | -28.0%
| colspan="3" | -22.1%
| colspan="2" | -20.0%
| colspan="2" | -10.3%
| -6.8%
|-
| colspan="2" |Real Estate
| colspan="2" | -2.2%
| colspan="2" | -5.1%
| colspan="3" | -3.6%
| colspan="2" | -2.3%
| colspan="2" |0.3%
|7.9%
|-
| colspan="2" |Information Technology
| colspan="2" |5.0%
| colspan="2" | -2.9%
| colspan="3" | -5.1%
| colspan="2" |0.6%
| colspan="2" |8.9%
|15.2%
|-
| colspan="2" |Communication Services
| colspan="2" |16.0%
| colspan="2" |9.3%
| colspan="3" |7.3%
| colspan="2" |6.0%
| colspan="2" |16.8%
|18.3%
|-
| colspan="2" |Utilities
| colspan="2" |0.6%
| colspan="2" |1.8%
| colspan="3" |3.1%
| colspan="2" |3.0%
| colspan="2" | -1.6%
|8.4%
|-
| colspan="2" |'''S&P 500'''
| colspan="2" |'''-2.9%'''
| colspan="2" |'''-5.7%'''
| colspan="3" |'''-3.9%'''
| colspan="2" |'''-0.3%'''
| colspan="2" |'''5.3%'''
|'''10.7%'''
|}
'''2023Q2 Blended (Reported & Estimated) Revenue Growth'''
{| class="wikitable"
!
!Revenue $B
!Revenue $B
!Growth $B
!Growth %
|-
!Sector
!23Q2
!22Q2
!23Q2
!23Q2
|-
|Consumer Discretionary
|471.9
|430.6
|41.3
|9.6%
|-
|Consumer Staples
|437.0
|425.5
|11.5
|2.7%
|-
|Energy
|308.3
|433.7
| -125.4
| -28.9%
|-
|Financials
|470.0
|422.4
|47.6
|11.3%
|-
|Health Care
|746.4
|708.8
|37.7
|5.3%
|-
|Industrials
|389.9
|373.5
|16.4
|4.4%
|-
|Materials
|119.4
|136.4
| -17.0
| -12.5%
|-
|Real Estate
|37.1
|35.4
|1.7
|4.8%
|-
|Information Technology
|365.4
|365.4
|0.0
|0.0%
|-
|Communication Services
|270.4
|261.7
|8.7
|3.3%
|-
|Utilities
|92.5
|96.5
| -3.9
| -4.1%
|-
|'''S&P 500'''
|'''3,708.4'''
|'''3,689.9'''
|'''18.5'''
|'''0.5%'''
|}
|}


=== References ===
=== References ===
Retrieved from "https://investmentwiki.mywikis.eu/wiki/Special:MobileDiff/8194"