From Nasdaq, Inc.:

The total Q4 earnings for the 402 S&P 500 members that have reported results are up +4.9% from last year on +3.4% higher revenues, with 78.6% beating EPS estimates and 64.4% beating revenue estimates. The total earnings for these Retail companies are up +43.1% from last year on +8.4% higher revenues, with 89.5% beating EPS estimates and 63.2% beating revenue estimates.

78.6% of companies are beating EPS estimates in the S&P 500. Total earnings for these Retail sector companies are up +43.1% from last year on +8.4% higher revenues, with 89.5% beating EPS estimates and 63.2% beating revenue estimates. The Q4 earnings growth pace of +43.1% is mostly thanks to Amazon’s blockbuster results.

Walmart’s Q4 earnings increased +5.4% from the year-earlier period on +5.7% higher revenues. The digital unit crossed the $100 billion revenue level in the trailing 12-months through 2023 Q4. Target, which reports on March 5th, struggles to gain investors’ confidence.

Q4 earnings for the S&P 500 index are expected to be up +5.5%, which would follow the +3.8% earnings growth in 2023 Q3. Walmart’s Q4 earnings increased +5.4% from the year-earlier period. Amazon’s Q4 earnings are up +410.9% from the year-earlier level on +13.9% higher revenues.



Read more: Earnings Season: Retail Sector in Focus