Positive: Q3 earnings show growth, with strong performance in consumer spending benefiting companies like Walmart.

From Nasdaq: 2024-11-14 16:41:00

The Q3 earnings season is showing positive growth, with a +7.6% increase marking the 5th consecutive quarter of year-over-year growth. Excluding the Energy sector, earnings are up +10.1%. Consumer spending remains stable, benefiting companies like Walmart and Target. However, discretionary merchandise retailers like Target are facing challenges due to shifting spending trends.

As the Q3 earnings results come in, 73.7% of S&P 500 companies have beaten EPS estimates, with total earnings up +6.8% and revenues up +5.3% from the same period last year. Some companies are seeing signs of improvement in discretionary merchandise sales, which could positively impact retailers like Target and Walmart in the future.



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