Q4 Earnings Preview: Pessimism May Be Overdone
Submitted by Flynn Zito Capital Management on January 18th, 2023Fourth quarter earnings season is underway and probably won’t bring much good news. Lackluster global growth, ongoing profit margin pressures from inflation, and negative currency impacts are likely to translate into a year-over-year decline in S&P 500 Index earnings for the quarter. As always, guidance matters more as market participants look forward.