Earnings Scorecard: For Q4 2023 (with 46% of S&P 500 companies reporting actual results), 72% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise.

 

Key Metrics

 Earnings Scorecard: For Q4 2023 (with 46% of S&P 500 companies reporting actual results), 72% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise.

 Earnings Growth: For Q4 2023, the blended (year-over-year) earnings growth rate for the S&P 500 is 1.6%. If 1.6% is the actual growth rate for the quarter, it will mark the second-straight quarter that the index has reported earnings growth.

 Earnings Revisions: On December 31, the estimated (year-over-year) earnings growth rate for the S&P 500 for Q4 2023 was 1.5%. Seven sectors are reporting higher earnings today compared to December 31 due to positive EPS surprises.

 Earnings Guidance: For Q1 2024, 31 S&P 500 companies have issued negative EPS guidance and 17 S&P 500 companies have issued positive EPS guidance.

 Valuation: The forward 12-month P/E ratio for the S&P 500 is 20.0. This P/E ratio is above the 5-year average (18.9) and above the 10-year average (17.6).

Check out the report here by FACTSET:

https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_020224.pdf