Breaking Down the Q4 Earnings Season Scorecard
From Nasdaq:
Earnings Trends report: Q4 earnings for S&P 500 members up +0.9% from last year on +3.9% revenues, 78.3% beating EPS estimates and 65.1% beating revenue estimates.
Q4 earnings growth pace is below recent periods; 78.3% EPS beats percentage in-line with 20-quarter average.
Q4 revenue growth pace is slower, 65.1% revenue beats percentage below recent periods and 20-quarter average. Big 7 Tech Players expected to report +38.3% higher earnings on +12.5% higher revenues in Q4.
Q4 earnings for overall S&P 500 index expected to be up +0.6% from year-earlier level on +2.3% higher revenues.
Growth picture expected to improve over next few quarters despite expected moderation in U.S. economy’s growth trajectory due to fed tightening. Full-year 2024 estimates started coming down in October, but appear to have stabilized recently.
Read more: Breaking Down the Q4 Earnings Season Scorecard