From Nasdaq:

Total Q4 earnings for the 285 S&P 500 members reporting results are up +4.4% from last year, on +3.5% higher revenues. 81.1% are beating EPS estimates and 64.6% are beating revenue estimates.

The Tech sector’s Q4 results show total earnings up +21.9% from last year on +6.4% higher revenues, with 88.6% beating EPS estimates and 72.7% beating revenue estimates.

The Magnificent 7 companies Q4 earnings are on track to be up +48.7% from last year on +14.5% higher revenues, reconfirming their market leadership.

The company’s combined Q4 earnings increased +48.5% from the same period last year, on +14.5% higher revenues, continuing their strong growth.

The 7 stocks account for 23% of all S&P 500 earnings in Q4. Their earnings growth is expected to increase +30.4% in 2024 Q1.

Q4 earnings for the S&P500 index are expected to be up +4.9% from last year and +3.1% higher revenues.

The U.S. economy’s growth trajectory may moderate due to Fed tightening, but more positive growth is expected for the index.

The expected 2024 net margin for the index is 12.4%, which could rival or surpass recent Stocks Set to Double like Boston Beer Company and NVIDIA.



Read more: Q4 Earnings: Tech Sector Back in Growth Mode