Earnings season begins with markets lower than three months ago, but expectations are higher

What's up with earnings? The market has gone lower, but earnings estimates have not. Friday's jobs report — and the subsequent 100-point rally in the S & P 500 — has some investors convinced that the soft landing is not dead: inflation is moderating yet job growth remains strong. That's a good setup for earnings season, which starts this week in an odd position: earnings estimates for the third and fourth quarter are slightly higher than when the third quarter began.

Is there another explanation? Nick Raich at Earnings Scout said it was possible the chaos in September came on so suddenly that corporations were unsure what, if anything, was going on with their businesses and elected to remain silent, which would be another case of "analysts with deer caught in the headlines." Early reporting companies didn't ring alarms Twenty companies have already reported third quarter earnings.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank earnings ahead after a weak quarter for stocks, but the biggest names remain favoredBig money-center banks expected to fare relatively well in the third quarter despite weak stock prices
Source: MarketWatch - 🏆 3. / 97 Read more »

Investors Hope Earnings Season Will Revive StocksWall Street expects profits among companies in the S&P 500 to fall at the slowest clip in a year
Source: WSJ - 🏆 98. / 63 Read more »

JPMorgan earnings, inflation data and UAW strike top week aheadThe United Auto Workers strike against Ford, General Motors and Stellantis is entering its fourth wee, and Wall Street investors eye earnings from JPMorgan, Blackrock and PepsiCo.
Source: FoxBusiness - 🏆 458. / 53 Read more »

This Week in Business: Delta earnings, consumer and producer pricesThe Labor Department on Wednesday releases producer price data for September; on Thursday, Delta reports its third-quarter financial results before the bell and Labor reports on inflation at the consumer level.
Source: AP - 🏆 728. / 51 Read more »

Top Wall St brokerages rate Arm's stock a 'buy' on earnings potentialTop Wall St brokerages rate Arm's stock a 'buy' on earnings potential
Source: Investingcom - 🏆 450. / 53 Read more »

Analysis-Expected rise in US earnings could be balm for stocks after rough stretchAnalysis-Expected rise in US earnings could be balm for stocks after rough stretch
Source: Investingcom - 🏆 450. / 53 Read more »