Our Forecasts: 4Q23 Earnings
By Big Data Federation, Inc.
Our machines predict that, in the aggregate, S&P 500 companies will report 3.5% (+/- 0.4%) YoY revenue growth and margin expansion for the fourth quarter of 2023. While many sectors experienced revenue deceleration, indicated by a slowdown in positive year-over-year (YoY) revenue growth from the third to the fourth calendar quarter, the majority still maintain positive growth figures. Notably, energy and materials, the two sectors displaying negative YoY growth, show improving fundamentals. Comparably, our algorithms project an acceleration in aggregated earnings before interest, taxes, depreciation, and amortization (EBITDA) and in EBITDA margins.
Our algorithms continue to suggest that earnings troughed last summer and are accelerating into this summer at least. These forecasts clearly indicate the normalization of earnings to pre-pandemic levels, as illustrated below. We are unaware of any other systematic, mass-scale forecasting with such high accuracy compared to our powerful machines.
OdinUltra users may view live updated fundamentals forecasts by Sectors under the Forecasts tab or by typing “forecast sectors” on the chat tab.
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