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April 12, 2024

This Week in Earnings 24Q1 | April. 12, 2024

by Tajinder Dhillon.

To download the full This Week in Earnings report click here.

Please note: if you use our earnings data, please source “LSEG I/B/E/S”

Aggregate Estimates and Revisions

  • 24Q1 Y/Y earnings are expected to be 2.7%. Excluding the energy sector, the Y/Y earnings estimate is 5.4%.Please note that a one-time charge related to Bristol Myers Squibb has impacted the overall index growth rate.  When excluding Bristol Myers Squibb from the index, the S&P 500 24Q1 adjusted earnings growth rate improves from 2.7% to 5.8%.
  • Of the 29 companies in the S&P 500 that have reported earnings to date for 24Q1, 86.2% have reported earnings above analyst estimates. This compares to a long-term average of 66.7% and prior four quarter average of 78.5%.
  • During the week of April 15, 41 S&P 500 companies are expected to report quarterly earnings.

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Interested in learning how you can use the StarMine SmartEstimate® and Predicted Surprise® to avoid earnings misses and find earnings beats? Learn more here.

Each week the StarMine Earnings Surprise Forecast is published as part of the This Week in Earnings report. The forecast shows the S&P 500 companies with significant positive and negative Predicted Surprises expected to report over the next two weeks. Don’t be surprised when your holdings show up in This Week in Earnings, learn how to use LSEG Workspace’s Screener app to see these companies ahead of publication here.

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