From Nasdaq.:

The 2024 Q1 earnings season has begun with Costco and AutoZone releasing positive results. Oracle and Adobe are set to report this week, contributing to the overall March-quarter tally. Expectations for Q1 earnings show growth of +2.4% from last year, driven by sectors like Tech. Aggregate earnings are forecasted to increase +9.5% for 2024.

Tech remains a significant earnings contributor to the S&P 500 index, with expected growth of +18.9% in Q1. The sector’s performance impacts the overall earnings picture, with earnings expected to be up +27.4% in 2023 Q4. Positive growth projections for Tech indicate a promising outlook for the sector and the index as a whole in the coming quarters.

The U.S. economy’s resilience and the Fed’s upcoming policy changes have mitigated extreme risks surrounding corporate earnings. Despite challenges posed by inflation and tightening policies, Q1 earnings estimates remain relatively stable. The evolving macro backdrop and sector-specific trends will influence earnings growth across various industries in the months ahead.



Read more at Nasdaq.:: Previewing the 2024 Q1 Earnings Season