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US Earnings Season 2024

Calendar and insights from market analysts for earnings season

Earnings Season: Q1 2024

The first earnings season of 2024 is set to ‘officially’ open on Friday, 12th March 2024 with earnings announcements expected from several leading banks.
Overall, analysts remain optimistic about results, anticipating a 3.4% earnings growth year-on-year for S&P 500 (US500) companies. This makes it the third consecutive quarter for positive growth in year-on-year earnings.

Companies appear slightly more pessimistic. Of the 112 S&P 500 (US500) companies that have issued Q1 earnings guidance so far, 71% (79 of 112) provided negative quarterly E[KC1]PS (earnings per share) guidance, well above the 5- and 10-year averages.
Update for July[KC1]

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Why is Earnings Season important?
Earnings season is significant for both companies and traders. For companies, it’s an opportunity to showcase their financial performance, highlight achievements, and address challenges or risks.
For traders, earnings season provides crucial information that helps them make informed trading decisions. By analysing the financial statements, listening to conference calls, and following market insights, traders can gain insights into a company's growth potential, profitability, and overall financial health. This information is valuable in deciding on stocks to buy, sell, or hold.
In addition, the results of earnings reports may cause volatility in the markets. Traders need to be alert to these potential movements, as they present both opportunities as well as risk. Trading positions need to be considered and, where necessary, risk management strategies should be implemented or adjusted to protect capital and minimise any potential loss.