News Formal

Earnings reporting season starts this week and investors don't expect it to be great

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 72%

Investment Strategy 뉴스

Stock Markets,Pepsico Inc.,Delta Air Lines Inc

Wall Street analysts have significantly cut their earnings expectations for the third quarter in recent months.

The third quarter earnings season will take its first big steps this week, but Wall Street has already been dialing back expectations for months. According to a FactSet note on Friday, companies in the S & P 500 are projected to see a 4.2% increase in earnings compared to the same quarter a year ago, down from an expected 7.8% on June 30. That shift could be a sign that Wall Street is losing confidence in corporate America.

And while the revision might seem big, third quarter growth estimates typically do decline in the preceding months. Over the past 20 years, the median revision for earnings expectations from July 1 to Oct. 7 is 3.2 percentage points, only a little below the past quarter's 3.6-point change, according to Strategas. Of course, markets are forward looking, and investors will also be paying close attention to companies' own projections for the fourth quarter and beyond, Kwon said.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

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

Wall Street investors worry Kamala Harris tax hike will crater corporate earnings: reportVice President Kamala Harris has vowed to raise the corporate tax rate to 28% from 21% if she is elected president, which investors worry may hurt corporate earnings.
출처: nypost - 🏆 91. / 67 더 많은 것을 읽으십시오 »

Nike stock pulls back as Wall Street has low expectations for Tuesday earningsThe market isn’t expecting much from Nike’s (NKE) August quarter when it reports after the close on Tuesday.
출처: FXStreetNews - 🏆 14. / 72 더 많은 것을 읽으십시오 »

CNBC Investing Club Recap: Wall Street Mixed, Nvidia Rallies, Micron Earnings AheadWall Street saw mixed performance on Wednesday, with the S&P 500 hovering near flat. Despite downgrades and market overbought conditions, Nvidia shares surged after a Barron's report on CEO stock trades. The club trimmed Meta Platforms, Danaher, and Alphabet holdings. Micron reports earnings tonight, offering insights into consumer electronics demand and AI chip inventory.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Here are the three most important things to watch in the market this weekIt was a rough start to the historically weak month of September on Wall Street.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »