News Formal

Earnings Season May Not Be as Bad as Investors Think

  • 📰 WSJ
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Despite gloomy estimates, S&P 500 companies may have their best quarter of earnings yet this year

With less than a week to go before earnings season kicks off in earnest with results from major U.S. banks, analysts estimate companies in the S&P 500 will report a 4.5% drop in profits from the year-earlier period, according to FactSet. That would mark the third straight quarter of contraction and the longest such streak since 2016—on the face of it, a troubling sign for the bull market.

Newsletter Sign-up Assuming a typical share of companies deliver better-than-expected results in the third quarter, Credit Suisse believes the S&P 500 will deliver earnings growth of 1.5%. That would make the third quarter the strongest yet in 2019. Among early reporters, Carnival Corp. and Darden Restaurants Inc. have both managed to beat analysts’ earnings estimates.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 98. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

The market's next test: Bank of America weighs in on which sectors will crush it this earnings season — and which will flounderBank and brokerage stocks kick off third-quarter earnings on Monday but they're not among the winning or losing industries, BAML analysts said.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »