LSAT - S&P 500 Q1 2024 Sector Earnings And Revenue Data

2024-07-24 07:15:00 ET

Summary

• 78% of S&P 500 constituents surpassed EPS expectations vs. S&P Capital IQ Estimates, a 4% increase compared to Q4 2023 (74%), 2% decrease compared to Q3 2023 (80%), 1% decrease compared to Q2 2023 (79%) and a 1% increase compared to Q1 2023 (77%).
• Year-over-year, the S&P 500 recorded an EPS growth rate of 17.2%, decreasing from 18.9% in Q4 2023, but still above Q3 2023 (13.9%), and well above Q2 and Q1 2023 at 4.3% and 2.6%, respectively.
• 59% of S&P constituents outperformed Revenue expectations vs. S&P Capital IQ Estimates, a 7% decrease compared to Q4 2023 (66%), 4% decrease compared to Q3 2023 (63%), and 5% below Q2 2023 (64%).

EPS Beats and Misses %

In Q1 2024, 78% of S&P 500 constituents surpassed EPS expectations vs. S&P Capital IQ Estimates, a 4% increase compared to Q4 2023 (74%), 2% decrease compared to Q3 2023 (80%), 1% decrease compared to Q2 2023 (79%) and a 1% increase compared to Q1 2023 (77%). The increase this quarter could be attributed to a couple factors, including the success of companies focusing on Generative AI, cooling inflationary pressure, and strengthening U.S. PMI. The 78% of constituents beating street estimates are right on par with the last four-quarter average, and we haven’t seen this number dip below 70% since Q4 2022 (68%)....

For further details see: