From Nasdaq:

Total S&P 500 earnings for Q1 2024 expected to increase by +2.4% with a +3.5% rise in revenues. Tech sector drives growth. 2023 Q4 saw +6.7% earnings growth on +3.8% higher revenues. ‘Magnificent 7’ earnings projected to surge +33.2% in 2024 Q1, offsetting minor losses in the remaining index. Tech sector pivotal in 2023 Q4, assisting overall earnings growth. Seven S&P 500 companies yet to report Q4 results. Q4 earnings up +6.9% with revenue increases of +3.8%. Technology firms like Apple, Amazon, and Microsoft key players in contributing to growth. Earnings and revenues expected to show modest acceleration. Margin expansion and revenue growth forecasted for 2024. Financial outlook aligns with economic reality, with positive net margin growth projected.



Read more at Nasdaq:: Looking Ahead to Q1 Earnings: What’s Next?