Earnings season continues
The earnings season continues with 69% of S&P 500 companies reporting actual results as of Friday. 69% of S&P 500 companies have reported a positive EPS surprise while 63% beat on revenue, according to FactSet.
For the fourth quarter, the blended earnings decline for the S&P 500 is -4.9%. This would mark the first YoY decline in earnings since Q3 2020, when earnings fell by 5.7%.
On the guidance front, FactSet’s data shows that 58 S&P 500 companies have issued negative EPS guidance for this quarter.
Key earnings reports to watch this week include Coca-Cola ( $Coca-Cola(KO.US$ ), Biogen ( $Biogen(BIIB.US$ ), Cisco Systems ( $Cisco(CSCO.US$ ), Roku ( $Roku Inc(ROKU.US$ ), DoorDash ( $DoorDash(DASH.US$ ), and Deere ( $Deere(DE.US$ ).
For the fourth quarter, the blended earnings decline for the S&P 500 is -4.9%. This would mark the first YoY decline in earnings since Q3 2020, when earnings fell by 5.7%.
On the guidance front, FactSet’s data shows that 58 S&P 500 companies have issued negative EPS guidance for this quarter.
Key earnings reports to watch this week include Coca-Cola ( $Coca-Cola(KO.US$ ), Biogen ( $Biogen(BIIB.US$ ), Cisco Systems ( $Cisco(CSCO.US$ ), Roku ( $Roku Inc(ROKU.US$ ), DoorDash ( $DoorDash(DASH.US$ ), and Deere ( $Deere(DE.US$ ).
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71781791 : earnings is done cpi tomorrow and everything is already overbought