With Q4 earnings season kicking off, let’s review the companies’ guidance for Q4 and try to get insights.
According to the data from Factset,
A higher number and percentage of S&P 500 companies have issued negative EPS guidance for Q4 compared to both the 5-year and 10-year averages.
Specifically, out of 111 companies providing guidance, 72 have given negative EPS guidance, surpassing historical averages.
chart from factset
Among sectors, 8 sectors released more negative EPS guidance than 10-year average, with tech sector leading(more than 5%)；
Consumer discretionary and health care, however, showed less negative guidance compared to 10-year average.
02-s&p-500-sector-level-negative-eps-guidance-q4-2023-versus-10-year-average
$S&P 500(.SPX)$
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