As a whole, outlook for Q4 beginning January 2024 earnings are up, EPS are up for the majority of companies according to the S&P 500.
An interesting antidote. The “Millennial Earnings Season” as it is called. Is when Wall Street continuously lowers estimates as the reporting period approaches, so that “everyone gets a trophy”. This can be seen in the majority of companies beating estimates each quarter regardless of economic and financial conditions. This would otherwise not be possible if analysts were held to their original estimates.
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