Friday, February 23, 2024

Another week down, another analysis up from the Calcbench Earnings Tracker! With well more than 1,000 earnings reports in hand, we can now say that Q4 2023 looks impressive. 


Our Earnings Tracker is a template we compiled using the world-famous Calcbench Excel Add-In, to pull financial disclosures automatically as companies file their latest earnings releases with the Securities and Exchange Commission. 


Figure 1, below, tells the tale. It shows total data for more than 1,000 non-financial companies that have filed Q4 earnings as of Feb. 26. 



Figure 2, below, is that same data converted into bar charts for easy visualization.



So we have revenue up 3.24 percent from the year-earlier period, and net income up an impressive 13.8 percent. Moreover, cost of goods sold is actually lower than the year-earlier period by 0.65 percent — so everybody quietly panicking about those higher-than-expected CPI inflation numbers last week, perhaps you can take a breath. 


Perhaps January prices were higher compared to Q4 2023. Perhaps those price pressures will level off in February and March, and cost of goods sold for Q1 2024 (when those numbers start to arrive in late April) will look as flat as they do in Figure 1. Perhaps the cost of supplies is flat for corporations, and prices are rising because companies are trying to squeeze consumers — the so-called “greedflation” theory that has plenty of traction in some business press. 


Our point here is simply that Calcbench has the data to help you perform your own analysis as quickly as possible, with the latest data around. If Calcbench subscribers wish to get their hands on the spreadsheet we used for the data here, 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 info@calcbench.com. 
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