economy
Earnings playbook: JPMorgan Chase and Netflix kick off the reporting season
The earnings season kicks into high gear this week, at a time when investors may be starving for corporate guidance.
TL;DR
- 27 S&P 500 companies, including JPMorgan Chase, Goldman Sachs, Netflix, and Johnson & Johnson, are reporting earnings this week.
- Analysts expect S&P 500 first-quarter profits to have grown by 13% year-over-year, marking the sixth straight quarter of double-digit profit growth.
- Investors will seek guidance on how companies are managing headwinds such as higher energy prices due to the ongoing Middle East conflict.
- Key companies reporting include Goldman Sachs (Monday), Johnson & Johnson and JPMorgan Chase (Tuesday), Bank of America and Morgan Stanley (Wednesday), and Netflix (Thursday).
- Historical data suggests most of these companies frequently beat earnings expectations, though stock performance on earnings days varies.