SPX Earnings Report: Q1 Expectations Plummet, 20% of S&P 500 Shows Grim 2023 Outlook… Margin Contractions Raise Concerns
As the earnings season unfolds, the SPX’s first-quarter and year-ahead earnings projections are on a downward spiral. Earnings surprises are meager at +6.1%, marking 2023’s weakest performance. With a grim earnings growth of about -2%, the initial expectations of +2% have crumbled. Over 20% of the S&P 500 has reported lackluster results, raising concerns about …