See It Market: Stock Market Earnings Insights: Artificial Intelligence (AI), Toys, and a Utility

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Excerpt:

  • The S&P 500’s Q2 EPS beat rate has been impressive, but overall corporate earnings growth trends are less sanguine
  • In focus this week are unusual events from three companies that span the sector and thematic spectrums
  • Activist investors may also make their presence known among underperforming stocks as the 2023 bull market rolls on

We’re more than halfway through corporate earnings season. It’s time for a status check as many more big names report Q2 results. There’s an interesting trend the data geeks can delve into: While the EPS beat rate among S&P 500 companies is strong, just as it was over the previous period, the blended earnings growth rate for large-cap US stocks has actually dipped lower. Second-quarter per-share profits are seen as having fallen by 7.3% through last Friday, according to FactSet. That is worse than what analysts projected back on June 30 (-7.0%).¹

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