{"id":43498,"date":"2023-09-22T03:39:32","date_gmt":"2023-09-22T03:39:32","guid":{"rendered":"https:\/\/histarmar.net\/?p=43498"},"modified":"2023-09-22T03:39:32","modified_gmt":"2023-09-22T03:39:32","slug":"current-earnings-outlook-reflects-stability","status":"publish","type":"post","link":"https:\/\/histarmar.net\/markets\/current-earnings-outlook-reflects-stability\/","title":{"rendered":"Current Earnings Outlook Reflects Stability"},"content":{"rendered":"<p><em><strong><span>Note: The following is an excerpt from this week\u2019s Earnings Trends\u00a0report. You can access the full report that contains detailed historical actual and estimates for the current and following periods,\u00a0please click here>>><\/span><\/strong><\/em><\/p>\n<p><strong>Here are the key points:<\/strong><\/p>\n<p>\u00a0<\/p>\n<ul>\n<li><span>There has been a notable improvement in the earnings outlook in recent months, with positive revisions for several key sectors since the start of Q2 helping offset continued pressure on estimates for others. These cross-currents have helped keep the overall earnings picture essentially unchanged since April 2023.<\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li><span>For 2023 Q3, total S&#038;P 500 earnings are currently expected to be down -1.8% from the same period last year on +0.8% higher revenues, the 4<sup>th<\/sup> back-to-back quarter of declining earnings for the index.<\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li><span>Excluding the drag from the Energy sector, whose earnings are expected to decline -40.0% in Q3, earnings for the other 15 Zacks sectors in the S&#038;P 500 index would be up +3.5% on +3.5% higher revenues.<\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li><span>Estimates for 2023 Q3 are holding up much better than had been the case in the comparable periods of other recent quarters. In fact, Q3 earnings estimates in the aggregate are barely down since June 27<sup>th<\/sup>, with estimates modestly up when negative revisions to the Energy or Finance sector estimates are excluded.<\/span><\/li>\n<\/ul>\n<p>We have regularly been flagging the steady improvement in the revisions trend since April 2023, with the trend becoming more entrenched in recent months. In order to see this improvement, we have to look below the index level to appreciate the cross-current in estimates at the sector levels.<\/p>\n<p>The aggregate Q3 earnings estimate for the S&#038;P 500 index has declined about -0.5% since the start of the period, with rising estimates for six sectors, including the Tech sector, offsetting continued weakness of varying magnitudes in the remaining sectors. Had it not been for weakness in the Energy or Finance sector estimates, the revisions trend for Q3 for the S&#038;P 500 index would be modestly positive since the start of the period.<\/p>\n<p>In addition to the Tech sector, Q3 estimates have moved higher for the Construction, Autos, Medical, Retail, and Industrials sectors.<\/p>\n<p>For the Tech sector, you can see this favorable revisions trend in estimates for operators like Meta Platforms META, Alphabet GOOGL, Nvidia NVDA, and others.<\/p>\n<p>The magnitude of positive revisions that Nvidia is experiencing is in a league of its own.<\/p>\n<p>But the gains in estimates at Alphabet, Meta, and others are as material and indicative of the overall improving earnings outlook.<\/p>\n<p>As we can see from quarterly earnings-growth expectations, the long-feared recession doesn\u2019t show up in this near-term earnings outlook. A big-picture view of corporate profitability on a long-term basis doesn\u2019t leave much room for a recession either.<\/p>\n<p>Given the emerging consensus on the \u2018soft-landing\u2019 outlook for the economy, one can expect this favorable turn in the overall earnings picture to strengthen further as companies report Q3 results and share trends in underlying business.<br \/>\nNVIDIA Corporation (NVDA): Free Stock Analysis Report<\/p>\n<p>Alphabet Inc. (GOOGL): Free Stock Analysis Report<\/p>\n<p>Meta Platforms, Inc. (META): Free Stock Analysis Report<\/p>\n<p>To read this article on Zacks.com click here.<\/p>\n<p>Zacks Investment Research<\/p>\n<p><i>This article originally appeared on Zacks<\/i><\/p>\n<p><b>Sponsored: Tips for Investing<\/b><\/p>\n<p>A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn&#8217;t have to be hard. SmartAsset&#8217;s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you&#8217;re ready to find an advisor who can help you achieve your financial goals, get started now.<\/p>\n<p>Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you&#8217;re an investor looking to minimize expenses,\tconsider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.<\/p>\n<p>Source: <a href=\"https:\/\/247wallst.com\/investing\/2023\/09\/21\/current-earnings-outlook-reflects-stability\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Note: The following is an excerpt from this week\u2019s Earnings Trends\u00a0report. You can access the full report that contains detailed historical actual and estimates for the current and following periods,\u00a0please<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Current Earnings Outlook Reflects Stability - histarmar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/histarmar.net\/markets\/current-earnings-outlook-reflects-stability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Current Earnings Outlook Reflects Stability - histarmar\" \/>\n<meta property=\"og:description\" content=\"Note: The following is an excerpt from this week\u2019s Earnings Trends\u00a0report. 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