Positive. Q2 earnings season begins with positive expectations, especially in sectors like Tech and Transportation.

From Nasdaq: 2024-06-14 18:22:00

Adobe and Oracle kicked off the 2024 Q2 earnings season, following reports from Costco and AutoZone for their fiscal quarters ending in May. Expectations are positive, with Q2 earnings for the S&P 500 expected to be up +8.6% from last year, driven by sectors like Tech, Transportation, and Utilities.Margins are expected to improve, with net margins above last year’s level for 9 sectors. The Tech sector in particular is expected to see a significant growth in earnings and revenues in Q2. Overall, S&P 500 earnings are expected to be up +9.2% for 2024.Listen for updates as more S&P 500 companies release their Q2 results, including Darden Restaurants and Accenture. So far, the companies that reported had earnings up +6.2% and revenues up +7.8% from last year. While it’s too early to draw conclusions, these results set a positive tone for the ongoing Q2 earnings season.



Read more at Nasdaq:: The Q2 Earnings Season Gets Underway