PSX - S&P 500 Q4 2023 Earnings Preview: Analysts Aggressively Downgrade Earnings Growth Expectations

2024-01-22 23:30:00 ET

Summary

• During the first three quarters of 2023, Q4 earnings growth expectations remained stable.
• From an earnings growth contribution perspective, seven sectors have positive earnings contributions while four sectors have negative earnings contributions.
• Analysts have aggressively lowered earnings expectations heading into earnings season to levels we haven't seen since 2022.

By Tajinder Dhillon

The peak period of earnings season kicks off this week and we preview the S&P 500 2023 Q4 earnings season in granular detail, providing both aggregate and company-level insights using data from I/B/E/S, StarMine, and Datastream, which are all found in the desktop solution LSEG Workspace.

Earnings Commentary

2023 has been far better than expected, as every quarter (Q1, Q2, and Q3) saw an improvement in the final earnings growth rate compared to the start of earnings season while narrowly avoiding an 'earnings recession.'...

For further details see: