Business
When earnings season ends, stocks drop in price. Good news: It’s not a recession.
Only a few big names left to report, 80%
S&P 500
The companies have now released results, putting the index’s earnings per share on track to fall 2.2% in the fourth quarter—the first quarterly decline since Q3 2020. This No surprise: Weakened margins have been evident in recent quarters, and many companies have warned about profits.
What’s unusual is how quickly earnings estimates shrink. Since the fourth quarter ended December 31, consensus EPS estimates have fallen by 1.7%, writing
Credit Suisse
US equity strategist Jonathan Golub.