* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Wall Street Forecasts Project Profit Recession Ends Next Quarter

August 6, 2023
in Business
Wall Street Forecasts Project Profit Recession Ends Next Quarter
Share on FacebookShare on Twitter

With Corporate America’s earnings season nearing an end, the takeaway is clear: Challenges remain, but for a broad swath of companies the worst of the profit pain is likely over as margin-shredding inflation pressures ease.

Author of the article:

Bloomberg News

Bloomberg News

Jessica Menton

Published Aug 05, 2023  •  3 minute read

wh6clcraxsywbtj[n(7]o9hl_media_dl_1.png wh6clcraxsywbtj[n(7]o9hl_media_dl_1.png Source: Bloomberg Intelligence

(Bloomberg) — With Corporate America’s earnings season nearing an end, the takeaway is clear: Challenges remain, but for a broad swath of companies the worst of the profit pain is likely over as margin-shredding inflation pressures ease.

The bad news: S&P 500 Index companies are on track to notch a third straight quarter of profit declines, with per-share earnings down 7% after more than 80% of the guage’s members have reported. The good: the earnings outlook is getting better. Profit growth, excluding the energy sector, is forecast to return in the current quarter, Bloomberg Intelligence data show. 

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword.

REGISTER TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors.

Article content

Optimism is returning to corporate boardrooms as data continue to show a resilient economy that can support further growth. The Federal Reserve is no longer forecasting that its aggressive tightening will tip the economy into recession. And prognosticators at Wall Street’s biggest firms, from JPMorgan Chase & Co. to Bank of America Corp., have dialed back their dire warnings of a downturn. Profit forecasts from the likes of Royal Caribbean Cruises Ltd. to Coca-Cola Co. suggest the American consumer is still willing spend.

“We may indeed avoid a recession in the coming quarters and the brunt of the pain in corporate profits is likely behind us, as long as inflation continues to ease and the Fed doesn’t surprise with tighter policy,” said Jimmy Lee, chief executive of The Wealth Consulting Group. “Companies are navigating a high interest-rate environment and strong wage growth better than feared, which counters concerns about a slowing economy.” 

A return to profit growth would give US equities a needed tailwind after a relatively bumpy second quarter. The 7% profit contraction would be the most since the pandemic bear market. And even though companies exceeded expectations at around the usual clip, investors haven’t been impressed. The benchmark equities gauge, which is up 17% in 2023, has climbed just 0.7% since earnings season kicked off July 14. 

Top Stories

Get the latest headlines, breaking news and columns.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Advertisement 3

This advertisement has not loaded yet, but your article continues below.

Article content

Here’s some of the key things we learned from second-quarter results:

1. Profit Beats Get Tepid Welcome

All told, companies in the S&P 500 that have exceeded projections on both earnings per share and sales have outperformed the S&P 500 by an average of 1% within a day of reporting, below the norm of the past six years, according to data compiled by Bloomberg Intelligence. Those that fell short underperformed the broader market by 1.7%, the least negative since the prior quarter. Arista Networks Inc. and Align Technology, Inc. had the most upside price returns, while DXC Technology Co and Generac Holdings Inc. were punished most.

2. AI Chatter Jumps, Inflation Fades

Mentions of inflation, supply chains and labor are rapidly declining as key buzzwords on corporate earnings calls as price pressures moderate, while commentary on recession and layoffs appear to have peaked, according to Bloomberg transcript analysis by Lori Calvasina, head of US equity strategy at RBC Capital Markets. Now, major themes that have emerged are artificial intelligence and inventory destocking, with both hitting fresh highs, while pricing optimism is beginning to fade.

Advertisement 4

This advertisement has not loaded yet, but your article continues below.

3. Likely End of Margin Pain 

Wall Street is taking a brighter view on operating margins, a key gauge of profitability that has a strong track record of signaling where stocks are headed. The consensus expects that operating margins troughed in the fourth quarter of 2022 after companies got squeezed with inventory overhangs, supply-chain snarls and escalating costs in the pandemic. But after cost-cutting efforts, strong margin improvement is forecast in the technology and communication-services sectors in the second half of 2023, while staples and health care are anticipated to struggle. 

4. Corporate America Reinvests More

US companies are pulling back on share buybacks and using that cash to spend on their businesses rather than handing the money back to shareholders. The median company pushed up capital expenditures by 15% last quarter, with three-quarters announcing programs that topped analyst estimates in July, data from Bank of America Corp. show. Companies ramp up spending on factories, equipment and other capital goods as they grow more confident in their financial outlook and the economy.

5. Profit Recession Almost Over 

Analysts are boosting profit forecasts for the coming year faster than they are marking them down. That’s pushed an indicator known as earnings-revision momentum for the S&P 500 — which measures the net direction of such moves — up by the most since May, according to BI. At the sector level, two key groups known for their ties to the health of the economy — industrials and discretionary — are leading positive revisions higher, while energy, materials and staples remain negative.

—With assistance from Lu Wang.

Article content

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Financial Post – https://financialpost.com/pmn/business-pmn/wall-street-forecasts-project-profit-recession-ends-next-quarter

Tags: businessforecastsStreet
Previous Post

Take Your CE and CM to the Next Level With This Event

Next Post

Social media influencer Kai Cenat faces charges of inciting riot after thousands cause mayhem in NYC

Conservation | Definition, Ecology, Examples, & Facts – Britannica

Unlocking the Secrets of Conservation: Understanding Ecology, Real-World Examples, and Fascinating Facts

June 2, 2025
Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

June 2, 2025
Why a science-based climate policy helps business leaders – The World Economic Forum

Unlocking Success: How Science-Based Climate Policies Empower Business Leaders

June 2, 2025
Exercise boosts survival rates in colon cancer patients, study shows – The Lufkin Daily News

How Exercise Can Significantly Improve Survival Rates for Colon Cancer Patients

June 2, 2025
2025 Team USA U20 Wrestling World Team Set – FloWrestling

Meet the Future Stars: Team USA’s U20 Wrestling World Team for 2025 Unveiled!

June 2, 2025
Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

June 2, 2025
The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

June 2, 2025
Labour pushes ‘military Keynesianism’ to win support for defence spending – The Guardian

Labour pushes ‘military Keynesianism’ to win support for defence spending – The Guardian

June 2, 2025
ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

June 2, 2025
Statewide Hawaii high school surfing closer with passage of funding bill – Spectrum News

Surf’s Up: Hawaii High School Surfing Program Secures Funding Boost!

June 1, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (658)
  • Economy (672)
  • Entertainment (21,579)
  • General (15,255)
  • Health (9,715)
  • Lifestyle (675)
  • News (22,149)
  • People (674)
  • Politics (681)
  • Science (15,893)
  • Sports (21,177)
  • Technology (15,660)
  • World (660)

Recent News

Conservation | Definition, Ecology, Examples, & Facts – Britannica

Unlocking the Secrets of Conservation: Understanding Ecology, Real-World Examples, and Fascinating Facts

June 2, 2025
Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

June 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version