From Nasdaq:

Q4 earnings season has begun, with 10% of S&P 500 companies having reported so far. This is expected to ramp up in the next five weeks, with over 80% of companies reporting by late February.

Earnings estimates show a dip of almost 2% YoY for Q4 2023, before positive growth throughout 2024.

Large downward revisions to earnings estimates have been seen, but there is still a chance for Q4 to end up positive.

Earnings tend to follow a down-then-up pattern, with the potential for a 3-4% increase during earnings season.

Consumer-driven sectors are leading in earnings growth, while Energy, Health Care, and Materials are lagging.

Industrials and Financials are also seeing negative earnings growth, creating a case of “haves” and “have nots” for Q4 earnings.



Read more: Q4 Earnings Preview | Nasdaq