Daily Traders Edge

Earnings season is underway and it’s going to be a really good one

January 12
15:41 2018

The latest corporate earnings season is just getting underway and the analysts who track the results think it will be a very good one.

S&P 500 profits are expected to have risen 11.2 percent in the fourth quarter of last year, according to UBS strategist Keith Parker. This would be the second-strongest earnings growth period since 2011, Parker noted.

All 11 S&P 500 sectors, meanwhile, are expected to post increases in both earnings and revenue, according to FactSet. This would be the first time since 2011 that all the sectors in the S&P 500 posted sales and profit growth for the same quarter.

Energy is expected to have the best season out of the 11 sectors. FactSet projects energy earnings and revenue to have skyrocketed 133 percent and 17 percent, respectively.

Continue Reading at CNBC

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