S&P 500 Q3 2023 Earnings Review

Seeking Alpha article

Yet we continue to see resiliency in the earnings outlook for the S&P 500, as Q3 delivered another strong quarter marked by:

  • Y/Y earnings growth * of +6.3% (highest since 2022 Q2).
  • Y/Y earnings ex-energy growth of +11.6% (highest since 2021 Q4).
  • Q/Q earnings growth of +7.8% (highest since 2021 Q1).
  • Earnings beat rate of 81.3% (highest since 2021 Q2).
  • Earnings surprise rate of +7.1% (2nd highest since 2021 Q3).
  • Blended aggregate earnings of $487.1 billion (an all-time high).

The Captain

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