Q3 S&P 500® EPS growth expected to come in at 5.4%, the fifth consecutive quarter of growthLarge cap outlier earnings in the next two weeks: Bath & Body Works, Snowflake, Urban Outfitters
The retailers will offer some much needed insight on the state of the US consumer when they report this week. While consumers have remained relatively resilient in the face of inflation over the last year, uncertainty still abounds, and a more cautious consumer has been noted by certain companies. Last week the retail party started with results from Home Depot Federation recently reported that such tariff proposals could cost American consumers up to $78B in annual spending power.
Wall Street Horizon has found that while a standalone event such as a company’s upcoming earnings release date may affect volatility, investigating multiple events closely in relationship to one another can give a more complete picture of a company’s financial health. Observing the information pre-event, during the event and post-event and how they interact can be critical to understand how events relate to trading and risk strategies.
In the next two weeks we get results from a handful of companies that have pushed their Q3 2024 earnings dates outside of their historical norms. Three companies of note are Snowflake . While Snowflake has pulled its earnings date forward, BBWI and URBN have later than usual and therefore have negative DateBreaks Factors*.Wall Street Horizon DateBreaks Factor: statistical measurement of how an earnings date compares to the reporting company's 5-year trend for the same quarter.
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