S&P 500 Earnings: How It’s Going and What Will Be Coming Up This Week
Over the next two weeks we will be in the peak of Q3 earnings season. So far, earnings sentiment has been fairly upbeat with approximately 14% of the S&P 500 having reported. According to FactSet, nearly 80% of reporters have beat consensus EPS expectations and earnings are surprising to the upside by over 6% in aggregate. Financials have seen the majority of attention with themes related to capital markets improvement, stable credit and resilient consumer.
The Latest Earnings Tracker from Bank of America mentioned bottoming calls out of manufacturing industry and some stabilization in semi demand not within AI which has continued to be an area of interest.
Some notable upcoming S&P earnings include (all times in EST):
Tuesday, October 22, 2024
8:30AM General Motors (GM)
8:30AM Quest Diagnostics (DGX)
9:00AM Verizon Communications (VZ)
10:00AM The Sherwin Williams Co. (SHW)
Wednesday, October 23, 2024
8:00AM Boston Scientific Corp (BSX)
8:30AM Coca-Cola Co. (KO)
8:30AM AT&T, Inc. (T)
10:30AM The Boeing Co (BA)
5:30PM Tesla, Inc. (TSLA)
Thursday, October 24, 2024
8:30AM Hasbro, Inc. (HAS)
8:30AM United Parcel Service (UPS)
11:00AM O’Reilly Automotive Inc. (ORLY)
12:30PM Southwest Airlines (LUV)
4:30PM Deckers Outdoor Corp. (DECK)
Friday, October 25, 2024
10:00AM Weyerhaeuser Co. (WY)
11:00AM Mohawk Industries (MHK)