Investors eye profit rebound after yearlong earnings recession

Stock bulls reeling from the worst month of 2023 have at least one reason for optimism: Corporate profits are set to rebound sharply in the fourth quarter.Net income at S&P 500 companies is projected to grow about 7.6 per cent year over year in the period, snapping a run of four straight contractions, according to data compiled by Bloomberg Intelligence. Third-quarter earnings reports that start in earnest next week are likely to show profits fell slightly — 0.

Communications and utilities, with estimated earnings gains of at least 45 per cent each, should power the fourth-quarter recovery. The rebound signals a changing of the sectoral guard as last year’s profit laggards bounce back, while others struggle to match rapid growth from a year ago.Thanks for signing up!The next issue of Investor will soon be in your inbox.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

There’s more to the stock market than technology. Here are three outperformers to pounce onInvestors will struggle to find attractive options, but there are still profitable securities out there
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »