This Week In The Market – October 9, 2017- By LPL Research

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This Week In The Market – October 9, 2017- By LPL Research

3rd Quarter 2017 Earnings Preview

Third quarter earnings season gets underway this week (October 9–13) and it should be another good one. The S&P 500 Index has exceeded earnings expectations 33 straight quarters and we see no reason why the third quarter won’t make it 34. However, as seen in Figure 1, earnings growth should fall short of the stellar results and double-digit pace of the past two quarters. We don’t like to lead with the negatives, but some of the reasons earnings growth may slow down this quarter include:

Negatives:

  • Hurricane impacts
  • Tougher comparisons
  • Sharply lower energy growth
  • Little contribution outside of technology and energy

Positives:

  • Solid manufacturing activity
  • Estimates have held up well considering the impact of business
  • Pre-announcements
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By | 2017-11-20T15:20:05+00:00 October 12th, 2017|Finances, Live Invested|