How Do We Expect For Q4 Earnings Season From Companies' Guidance?
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
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