Our Forecasts: 1Q24 Earnings

Our algorithms forecast a consolidated year-over-year revenue growth of 4.26% (+/- 0.47%) for S&P 500 companies in the first quarter of 2024, along with margin expansion. Our models predict that over half of the sectors will post positive revenue growth transitioning from the last quarter of the previous year into the first of the current year. However, our machines indicate that a majority will show a deceleration in earnings before interest, taxes, depreciation, and amortization (EBITDA). Nonetheless, our projections suggest that, despite the slowdown, EBITDA and its margins, on the whole, remain in positive territory.

Our models indicate that earnings bottomed out last summer and are on an upward trend into this summer. We know of no other large-scale, systematic forecasting that matches the high accuracy of our advanced machines.


OdinUltra users may view live updated fundamentals forecasts by Sectors under the Forecasts tab or by typing “forecast sectors” on the chat tab.