With over 90% of US companies having reported earnings results for the 1st quarter of 2023, Laura Calvasina head of RBC’s US Equity Strategy provides an overview of key themes we can take away from earnings season. By and large her two key takeaways are:
Some of the market resiliency we have seen can be attributed to improving Quarter- over- Quarter company earning results
Tone on consumer outlook from companies that have have reported continue to be relatively balanced on the US consumer depending on the industry sector.
I included her Q1’23 corporate earnings report card presentation, in total the presentation is approximately 7 minutes long. If you would like the complete slide deck we would be more than happy to provide the earnings overview report.