Wall Street’s fourth-quarter earnings season begins next week. Analysts expect annualized earnings growth of +11.9% and revenue growth of +4.6%.
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Wall Street’s fourth-quarter earnings season begins next week, when notable names like JPMorgan Chase (NYSE:), Wells Fargo (NYSE:), Citigroup (NYSE:), BlackRock (NYSE:), Bank of America (NYSE:), NYSE:), Goldman Sachs (NYSE:), Morgan Stanley (NYSE:), UnitedHealth (NYSE:) and Taiwan Semiconductor Manufacturing (NYSE:) all report their financial results.
The following week sees top names like Netflix (NASDAQ:), American Express (NYSE:), Johnson & Johnson (NYSE:), Procter & Gamble (NYSE:), GE Aerospace (NYSE:), American Airlines (NASDAQ:) :), United Airlines (NASDAQ:) and Verizon (NYSE:) report their results.
Earnings season picks up pace in the last week of January when large-cap technology companies including Microsoft (NASDAQ:), Alphabet (NASDAQ:), Tesla (NASDAQ:), Meta Platforms (NASDAQ:), Amazon (NASDAQ:), and Apple (NASDAQ:) are all expected to release their quarterly updates.
Investors will be closely watching earnings reports as companies reveal how they navigated a challenging macroeconomic environment marked by high interest rates and lingering geopolitical risks.
According to FactSet estimates, earnings per share are expected to grow +11.9% in the fourth quarter compared to the same period last year. This is slightly lower than the +14.5% annual profit growth for the quarter forecast on September 30.
Despite the drop in estimated earnings, the index is still expected to post its highest year-over-year earnings growth rate in three years, dating back to the fourth quarter of 2021.
Source: FactSet
As shown in the graph above, the This sector is expected to post the highest annualized earnings growth rate of the eleven sectors, at +39.5%. The space includes…
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