Earnings playbook: Your guide to the first full week of the reporting season, including Netflix and Goldman

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 72%

S&P 500 Index News

Netflix Inc,United Airlines Holdings Inc,Bank Of America Corp

The earnings season kicks off in earnest this week, with some of the biggest U.S. banks slated to report.

More than 40 S & P 500 names are on deck to post second-quarter results, including Goldman Sachs, Morgan Stanley and Bank of America. Netflix will also release its latest figures. Expectations for this reporting period are high. FactSet data shows analysts expect S & P 500 earnings rose 8.8% in the second quarter from the year-earlier period. If that's the case, it would mark the strongest earnings growth going back to the first quarter of 2022 — when profits rose by 9.4%.

" What history shows: Bank of America averages a 0.8% decline on earnings days, according to Bespoke. That said, the company's profits exceed estimates 79% of the time. Wednesday United Airlines is set to report earnings after the closing bell. A call is expected the following day at 10:30 a.m. Last quarter: UAL surged on a strong earnings forecast and cut its 2024 fleet plan . This quarter: The airline's earnings are forecast to have fallen 20%, according to LSEG.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Goldman raises S&P 500 year-end forecast, citing strong earnings growthThe investment bank's strategist said the S&P 500 can end 2024 at 5,600.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman raises its Tesla stock target, previews Q2 earningsGoldman raises its Tesla stock target, previews Q2 earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Friday's analyst calls: Tesla downgraded to sell, JPMorgan likes Netflix into earningsWith the earnings season about to kick into higher gear, analysts are taking hard looks at their models and adjusting ratings. UBS cuts Tesla to sell.
Source: CNBC - 🏆 12. / 72 Read more »

Third quarter starts with earnings trends largely intact, but nascent signs of trouble in tech landWe have a deceleration in big-cap tech earnings and clear signs the consumer wants lower prices.
Source: CNBC - 🏆 12. / 72 Read more »

Friday's analyst calls: Solar stock gets a price target increase, Nike downgrades after earningsA solar stock and an apparel giant were among the names being talked about by analysts on Friday.
Source: CNBC - 🏆 12. / 72 Read more »

Walgreens woes continue with earnings miss, guidance cut and plans to shutter more storesWalgreens shares tumbled early Thursday after the drugstore chain signaled that more store closings are on the way, missed earnings expectations for its third quarter and cut its annual forecast.
Source: ChicagoBreaking - 🏆 521. / 51 Read more »