Wall Street's earnings recession may be over

  • 📰 axios
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Analysts expect earnings growth for the first time in three quarters.

Share on email The surge in long-term interest rates has taken the wind out of the stock market's sails this year. A revival of earnings growth could help heal the damage.Third-quarter earnings season gets fully underway this week as more than 50 members of the S&P 500 report results for the three months that ended in September.

Big-name companies on deck in the coming days include Bank of America and Goldman Sachs , Tesla and Netflix , American Airlines and AT&T , and American Express .Wall Street analysts think S&P 500 companies will report aggregate earnings per share of $55.72, up 1.3% from last year's third quarter. Excluding energy companies, where lower crude oil prices have crimped profits, the S&P 500 is expected to post earnings growth of about 4%.The slight optimism hinges on top-line sales numbers showing stability, or even slight growth.

Q3 sales per share are expected to be up 2.1%, according to FactSet estimates, up slightly from a 1.7% increase in Q2.We believe corporate pricing is likely softening," JPMorgan market analysts wrote in a note Monday. "Weaker pricing at the time of elevated input costs such as wages and rates could lead to margin squeeze."Strong corporate pricing power — a boon for profits — is the flip side of high consumer inflation, a bugaboo for the Federal Reserve.

Weaker corporate profits are another reflection that the runaway inflation of 2021-22 has been mostly corralled.Share on linkedin

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 302. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
출처: NBCLA - 🏆 319. / 59 더 많은 것을 읽으십시오 »

Analysts are getting bullish on these corporate earnings slated for release this weekWall Street analysts predict that these companies will upsides following their quarterly earnings announcements this week.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Tesla earnings, Jerome Powell speech, retail sales highlight key week on Wall StreetWall Street bulls face a crucial test this week as the third quarter earnings season shifts into full gear amid rising geopolitical tensions and renewed inflation risks.
출처: startelegram - 🏆 248. / 63 더 많은 것을 읽으십시오 »