Earnings Overview: 2023 Q3: Difference between revisions

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=== <big>Factset</big> ===
* Earnings Decline: For Q3 2023, the estimated (year-over-year) earnings decline for the S&P 500 is -0.1%. If -0.1% is the actual decline for the quarter, it will mark the fourth straight quarter of (year-over-year) earnings declines reported by the index. <ref>https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_092923.pdf?_gl=1*1xzdq4k*_ga*MjEwNjczNzk3NS4xNjkzODU1ODM1*_ga_2Q3PTT96M8*MTY5Njg3MzkxNC4zLjEuMTY5Njg3NDUzNy4wLjAuMA..</ref>
* Earnings Revisions: On June 30, the estimated (year-over-year) earnings decline for the S&P 500 for Q3 2023 was -0.4%. Four sectors are expected to report higher earnings today (compared to June 30) due to upward revisions to EPS estimates.
* Earnings Guidance: For Q3 2023, 74 S&P 500 companies have issued negative EPS guidance and 42 S&P 500 companies have issued positive EPS guidance.
* Valuation: The forward 12-month P/E ratio for the S&P 500 is 17.9. This P/E ratio is below the 5-year average (18.7) but above the 10-year average (17.5).
'''Earnings Growth'''
[[File:Screenshot 2023-10-09 120507.png|center|thumb|835x835px]]
[[File:Screenshot 2023-10-09 120538.png|center|thumb|834x834px]]
'''Revenue Growth'''
[[File:Screenshot 2023-10-09 120516.png|center|thumb|834x834px]]
== References ==