S&P Global Market Intelligence launches first of its kind analysis utilizing natural language processing algorithms to comprehensively review a full earnings season of S&P 500 firms
Retrieved on:
Wednesday, February 1, 2023
NEW YORK, Feb. 1, 2023 /PRNewswire/ -- The overall sentiment of S&P 500 firms has deteriorated for three straight earnings seasons as of Q3'22, which concluded in December. The current market conditions, however, are nowhere near the downtrends that were seen in late 2008 or during the early parts of COVID-19, according to a new white paper published by S&P Global Market Intelligence.
Key Points:
- The white paper, Machines Signal Q4'22 Guidance Not Falling Off a Cliff, is the inaugural edition of a new quarterly series featuring natural language processing algorithms to systematically review an earnings conference call season.
- "One key takeaway is that firms' guidance for Q4'22 is not as dire as some may anticipate according to our framework.
- In fact, the percent of S&P 500 firms expecting top-line, bottom-line and profitability growth hover at their respective 15-year historical averages."
- Q4'22 S&P 500 Bank Earnings Sentiment Analysis:
The Q4'22 season kicks off on a sour note, as sentiment continued its decline among the large banks, which announce early in the season.