, which includes telecom companies as well as media, entertainment, and online media services providers, is projected to report a 13.2% slump in yoy earnings. Despite being the most sensitive to economic conditions, the industrial sector is expected to report the fourth largest yoy revenue growth, with Q3 sales set to rise 12.7%. Prices-the average price of WTI crude in Q3 2022 was $91.62 per barrel, 30% higher than a year earlier.Īre expected to report the second highest yoy gain in earnings with a notable 24.2% jump in Q3 EPS, led by the Airlines, and Aerospace & Defense groups.
The sector's revenue is expected to increase 35.6% yoy due to higher Sector is expected to report the biggest yoy gain in earnings with a whopping 115.7% surge in third quarter EPS, according to FactSet. Is down 17.6% ytd and 19% off its record high reached at the start of the year. , which slumped into a bear market earlier this year, is off 29.2% ytd and 31.7% away from its Nov. The S&P 500 is down 21.4% year-to-date (ytd) and roughly 23% below its Jan. Markets are heading into the reporting season on poor footing as US stocks are on track to suffer one of their worst years in recent history amid concerns that the Federal Reserve’s aggressive rate hikes will result in a possible recession. Revenue growth expectations of just 8.7% yoy are also worrying as if that is the reality it would mark the first time since Q4 2020 that the index reported annualized revenue growth below 10%, according to FactSet. ’s earnings growth rate will be just 2.9% which, if confirmed, would be the slowest year-over-year (yoy) increase since Q3 2020, according to FactSet data.
S&P 500 Q3 earnings growth of 2.9% and revenue growth of 8.7%.Q3 earnings season expected to be a major test for the market.
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