ACTV - Second Quarter Results Will Break The Earnings Stalemate

2024-07-23 15:34:32 ET

Summary

• The second quarter S&P 500 results show weaker sales and earnings surprises compared to previous quarters and a year ago.
• Earnings and sales growth in the second quarter of 2024 are weaker than first quarter but stronger than last year.
• Margins are expected to decline in the third and fourth quarters of 2024, potentially impacting earnings estimates.

Approximately 20% of the S&P 500 has reported results through the morning of July 23. Earnings and sales surprises appear to be tracking slightly weaker than in the previous quarter and significantly weaker than a year ago. Meanwhile, sales and earnings growth are tracking weaker than in the first quarter but far better than a year ago. This will continue to change over the next two weeks....

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