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Earnings Overview: 2023 Q2: Difference between revisions
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=== Refnitiv === | === Refnitiv === | ||
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* 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%. | ! colspan="2" |22Q4 | ||
* 23Q2 Y/Y revenue is expected to be 0.5%. Excluding the energy sector, the growth estimate is 4.4%. | ! colspan="2" |23Q1 | ||
* 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%. | ! colspan="2" |23Q2 | ||
* 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. | ! colspan="2" |23Q3 | ||
! colspan="2" |23Q4 | |||
!24Q1 | |||
! colspan="2" |24Q2 | |||
! colspan="2" |24Q3 | |||
! colspan="2" |2022 | |||
! colspan="2" |2023 | |||
!2024 | |||
|- | |||
!Revenue | |||
| colspan="2" |5.8% | |||
| colspan="2" |3.6% | |||
| colspan="2" |0.5% | |||
| colspan="2" |''0.5%'' | |||
| colspan="2" |''3.1%'' | |||
|''4.1%'' | |||
| colspan="2" |''4.4%'' | |||
| colspan="2" |''5.7%'' | |||
| colspan="2" |''11.7%'' | |||
| colspan="2" |''1.8%'' | |||
|''5.2%'' | |||
|- | |||
!Earnings | |||
| colspan="2" | -3.2% | |||
| colspan="2" |0.1% | |||
| colspan="2" | -2.9% | |||
| colspan="2" |''1.8%'' | |||
| colspan="2" |''10.6%'' | |||
|''9.3%'' | |||
| colspan="2" |''12.5%'' | |||
| colspan="2" |''13.0%'' | |||
| colspan="2" |''4.8%'' | |||
| colspan="2" |''2.2%'' | |||
|''12.1%'' | |||
|} | |||
* 23Q2 Y/Y earnings are expected to be -2.9%. Excluding the energy sector, the Y/Y earnings estimate is 3.5%.<ref>https://lipperalpha.refinitiv.com/wp-content/uploads/2023/09/TRPR_82221_713.pdf</ref> | |||
* 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. | * 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. | ||