79 S&P 500 Companies Issue Negative EPS Guidance for Q1 2024, Second-Highest Since Q2 2019
A significant number of S&P 500 companies are issuing negative earnings per share (EPS) guidance for the first quarter of 2024, with 79 companies indicating a downturn, marking the second-highest figure since Q2 2019. This trend spans across seven sectors, surpassing their five-year averages for negative EPS guidance. The data reveals both the number and percentage of companies forecasting negative outcomes are at near-record levels, with 62 companies and 71% respectively, highlighting a widespread concern within the market about the upcoming financial performance.
Sources
Special Situations 🌐 Research Newsletter (Jay)
Overall, 112 S&P 500 companies have issued quarterly EPS guidance for the first quarter. Of these companies, 79 have issued negative EPS guidance and 33 have issued positive EPS guidance (FactSet): -The number of companies issuing negative EPS guidance is above the 5-year… https://t.co/ZjCjn4K7Xe
Daily Chartbook Both the number (62) and percentage (71%) of S&P 500 companies issuing negative guidance for Q1 rank as the second-highest ever. @FactSet https://t.co/q11haBiwVc
Christophe Barraud🛢🐳 🇺🇸 #SPX | Second-Highest Number of S&P 500 Companies Issuing Negative EPS Guidance Since Q2 2019 - Factset https://t.co/OpOJSF3SYF https://t.co/YH9JGr6tOT