Main Article: STOXX 600 Earnings Overview: 2023 Q3 - InvestmentWiki
Europe Estimates from Refinitiv:
- Third quarter earnings are expected to decrease 11.4% from Q3 2022. Excluding the Energy sector, earnings are expected to increase 1.6%.
- Third quarter revenue is expected to decrease 7.9% from Q3 2022. Excluding the Energy sector, revenues are expected to decrease 2.1%.
- For 2023, they are forecasting 0.3% y/y growth in earnings
- 2024 is still not reliable since the number of companies included is still low.
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- Third quarter earnings are expected to decrease 11.4% from Q3 2022. Excluding the Energy sector, earnings are expected to increase 0.4%.
- Third quarter revenue is expected to decrease 7.7% from Q3 2022. Excluding the Energy sector, revenues are expected to decrease 4.1%.
- 283 companies in the STOXX 600 have reported earnings to date for Q3 2023. Of these, 55.1% reported results exceeding analyst estimates. In a typical quarter 54% beat analyst EPS estimates.
- 327 companies in the STOXX 600 have reported revenue to date for Q3 2023. Of these, 46.5% reported revenue exceeding analyst estimates. In a typical quarter 59% beat analyst revenue estimates.
https://lipperalpha.refinitiv.com/wp-content/uploads/2023/11/TRPR_83201_525.pdf
