Kroger, C3.ai and DocuSign are part of Zacks Earnings Preview
For Immediate Release
Chicago, IL September 9, 2023 Zacks.com releases the list of companies likely to issue earnings surprises. This weeks list includes Kroger KR, C3.ai AI and DocuSign DOCU.
Handicapping Q3 Earnings: What to Expect
It isn't news anymore that the overall earnings picture has unfolded much more positively and favorably than many thought possible just a few quarters back. The biggest contributing factor to this positive earnings surprise has been the resilience of the U.S. economy despite the Fed's extraordinary tightening cycle.
While a segment of the market is still of the 'recession-is-coming' view, the market as a whole appears to have taken its collective cue from the continuous run of steady and reassuring economic readings and come around to the soft-landing view of the ground reality.
Regular readers of our earnings commentary are aware of the stabilization in the aggregate earnings estimate revisions trend since the start of 2023 Q2, which followed the roughly year-long negative revisions trend.