TSLA
Tesla
-- 431.660 RGTI
Rigetti Computing
-- 17.0800 NVDA
NVIDIA
-- 137.010 PLTR
Palantir
-- 79.080 LITM
Snow Lake Resources
-- 1.600 S&P 500 Q1 earning season recap: Higher revenue but decreased earnings
For Q1 2023, 78% of $S&P 500 Index (.SPX.US)$ companies has reported a positive EPS surprise and 76% of S&P 500 companies have reported a positive revenue surprise.
AI was cited with the highest number of S&P 500 companies earnings calls in over 10 years. Revenue growth rate for is 4.1%, which is the lowest YOY revenue growth rate reported by the index since Q4 2020 (3.2%). Earnings decline is -2.1%, which is the second consecutive quarter.
At the sector level, eight sectors are reporting YOY growth in revenues, led by the Utilities and Financials sectors. On the other hand, three are reporting a YOY decline in revenues, led by the Materials sector.
Five sectors are reporting YOY earnings growth, led by the Consumer Discretionary and Industrials sectors. On the other hand, six sectors are reporting a YOY decline in earnings, led by the Materials and Utilities sectors.
In terms of prior estimation, 76% of S&P 500 companies have reported actual revenues above estimates, which is above the 5- year average of 69% and above the 10-year average of 63%. In aggregate, companies are reporting revenues that are 2.5% above the estimates, which is above the 5-year average of 2.0% and above the 10-year average of 1.3%.
Data as of May 26 2023
Source: Factset
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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nguyen thi kim huong :
dadajuan :
Dylan91 dadajuan : awesome
FearGreed : Nice summary. Industrials with both revenue and earnings growth!
USMLE_-x : Most retail stocks are struggling right now, but there are still a few stocks worth paying attention to, such as Best Buy and Dick's Sporting Goods
I have added these stocks to my whachlist on u for a while