Q3 Earnings Picture Levels Off

We are now deep into Q3 earnings season, with only a few big corporate names still outstanding. (Nvidia and Walmart, for example, both file next week.) So even though we now have nearly 3,000 non-financial companies in our sample, overall earnings growth this week hews closely to what we saw last week.  

The numbers are in Figure 1, below. Net income growth is up 18.6 percent from the year-ago period (up just a tad from last week), operating income is up 10.5 percent (down two tads’ worth from last week), and revenue is up 6.4 percent (essentially flat from last week). 



Capex is up 11.1 percent from the year-earlier period. That’s down a few points from the 13.7 percent increase we reported last week — but more to the point, it’s down sharply from the 27.7 percent increase we reported two weeks ago. 


For now, at least, the growth picture has stabilized. It might change again next week when Nvidia ($NDVA) and Walmart ($WMT) enter the chat; we’ll have to stay tuned. 


Meanwhile, Figure 2, below, shows all the latest numbers in table format. 



Calcbench tracks these earnings using our Earnings Tracker template, which pulls in financial disclosures as companies file their latest earnings releases with the Securities and Exchange Commission. The Earnings Tracker provides an up-to-the minute snapshot of financial performance compared to the year-earlier period.


If Calcbench subscribers wish to get their hands on the template we use for this analysis, so you can conduct your own experiments at home, use this link to the file. 


Please note that it will only work with an active Calcbench subscription. If you need an active subscription (and who doesn’t, really, when swift access to real-time data is so important?), contact us at us@calcbench.com.

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