The Stock Market Has an Earnings Problem

Wall Street’s forecasts of corporate earnings are likely to fall, sending the stock market in the same direction.

Second, about 58% of all revisions to forecasts for 2023 and 2024 EPS for companies in the S&P 500 have been upward, according to RBC. That is up from less than 40% earlier this year. Already, early signs are emerging that earnings estimates have peaked. While forecasts for EPS have risen in the past half year, they have declined in the past few weeks. Estimates for aggregate third-quarter EPS for companies in the S&P 500 dropped about 0.4% to $57.85 last week, according to DataTrek Research.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Why the stock market's September stumble isn't just about rising bond yieldsAs stock-market investors worry about the damage to equities being inflicted by a jump in Treasury yields, revisions to S&P 500 earnings forecasts may also...
Source: MarketWatch - 🏆 3. / 97 Read more »

Why a surging U.S. dollar is about to become a problem for stock-market bullsA fast climb by the dollar may start serving as a 'headwind' for future stock-market gains, analysts warn.
Source: MarketWatch - 🏆 3. / 97 Read more »

Berkshire Hathaway Inc. Cl B stock outperforms market on strong trading dayShares of Berkshire Hathaway Inc. Cl B inched 0.43% higher to $361.71 Monday, on what proved to be an all-around favorable trading session for the stock...
Source: MarketWatch - 🏆 3. / 97 Read more »

Microsoft Corp. stock rises Monday, still underperforms marketShares of Microsoft Corp. inched 0.17% higher to $317.54 Monday, on what proved to be an all-around positive trading session for the stock market, with the...
Source: MarketWatch - 🏆 3. / 97 Read more »

Alphabet Inc. Cl A stock rises Monday, outperforms marketShares of Alphabet Inc. Cl A inched 0.66% higher to $131.11 Monday, on what proved to be an all-around favorable trading session for the stock market, with...
Source: MarketWatch - 🏆 3. / 97 Read more »

Apple Inc. stock rises Monday, outperforms marketShares of Apple Inc. inched 0.74% higher to $176.08 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ...
Source: MarketWatch - 🏆 3. / 97 Read more »