From Nasdaq:

The overall earnings picture is positive, with Q4 earnings and revenue growth showing acceleration. 387 S&P 500 members reported Q4 results with total earnings up 5.1% and revenues up 3.4%. However, estimates for 2024 Q1 are coming down. For more details, check out the weekly Earnings Trends report.

There are some pockets of weakness, like the soft results from Discover Financial (DFS) and Tesla (TSLA), but in the aggregate, earnings and revenue growth represents an acceleration from the last couple of quarters.

The soft results from Discover Financial Services and Tesla, Inc. are part of a positive overall earnings picture for Q4. Earnings and revenue growth pace is better than what we had seen from the S&P 500 companies in the last few quarters. For more details about the earnings season, check out the weekly Earnings Trends report.

The pace and magnitude of negative revisions for the current period are favorably compared to the comparable period to the Q4 earnings season. Please check out the weekly Earnings Trends report for more details.

The Q4 earnings and revenue growth pace represents an acceleration from the last couple of quarters, with 79.1% of the S&P 500 companies beating EPS estimates and 65.1% beating revenue estimates.

Total earnings for Q4 companies are up +5.1% from the same period last year on +3.4% higher revenues.

Estimates for the 2024 Q1 period are coming down, but the negative revisions compare favorably to the comparable period to the Q4 earnings season.

For a detailed report of the current earnings season, Zacks Investment Research provides a weekly Earnings Trends report here.

Analyzing the weak results from Discover Financial (DFS) and Tesla, Inc. (TSLA) within the current earnings picture provides an overall acceleration in Q4 earnings and revenue growth from the last few quarters. Statistics show 79.1% of companies beat EPS estimates and 65.1% beat revenue estimates. Bear market lows make it the fitting time for an investment. To read the full article, visit Zacks Investment Research’s website for a detailed analysis of the current earnings season.



Read more: Handicapping the Earnings Outlook | Nasdaq