Published on 19 Apr 2024 on Zacks via Yahoo Finance
5 Large-Cap Medical Stocks to Buy Ahead of Q1 Earnings
The first-quarter 2024 earnings season is in full swing. So far, earnings results are better than expected. As of Apr 17, 48 companies on the S&P 500 Index have reported their financial numbers. Total earnings for these 48 index members are up 9.5% from the same period last year on 4.5% higher revenues, with 77.1% beating EPS estimates and 64.6% beating revenue estimates.
At present, total earnings of the S&P 500 Index in first-quarter 2024 are expected to be up 2.9% on 3.8% higher revenues. This follows the 6.8% earnings growth on 4% higher revenues in fourth-quarter 2023 and 3.8% earnings growth on 2.2% higher revenues in third-quarter 2023.