Fourth Quarter Earnings Preview: From Great to Good
Fourth quarter earnings reporting begins this week. Over the next five days (January 14–18), 35 companies in the S&P 500 Index will report quarterly results, highlighted by several big banks. Here we preview fourth quarter earnings, discuss several key drivers, and share some thoughts on the outlook for 2019. We expect a mid-to-high-teens increase in earnings for the quarter, driven primarily by the solid economic backdrop.
Consensus estimates from Thomson Reuters are for a 14.5% year-over-year increase in S&P 500 earnings for the quarter, which is slower than the 25% pace of the past three quarter... Read more