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2023/05/24 / Erste Group Research

Überwiegend positive Gewinn-Überraschungen im 1Q

Empfehlungsänderungen: ICICI Bank, Meta Platforms, WW Grainger, Deere & Co, Factset Research Systems , Morgan Stanley.

In den USA haben 95% der Firmen des S&P 500 ihre 1Q-Ergebnisse veröffentlicht. 78% der Unternehmen meldeten eine positive Gewinn-Überraschung. Somit lag der Gewinnrückgang für den S&P 500 nur noch bei -2,2% j/j und somit deutlich besser als zu Beginn des Quartals erwartet. (-6,6%). In Europa haben 84% der Unternehmen des Stoxx 600 über die Ergebnisse des 1Q berichtet. Bei 66% der Unternehmen fielen die Gewinne höher aus als erwartet. Insgesamt stiegen die Gewinne um +9,5% j/j. Besonders die Sektoren Finanzen, Technologie und Versorger trugen mit Gewinnsteigerungen von ca 50% j/j zum Wachstum bei.

Es zeigt sich, dass mit dem erwarteten Ende der Zinserhöhungen in den USA Investoren wieder die Gewichtung von Wachstumsaktien (Technologie/ Gesundheit / Industrie) deutlich erhöhen. Wir erwarten, dass dieser Trend sich fortsetzt, zumal die Energie- und Rohstoffpreise (u.a. Öl, Gas, Kupfer) im 2Q teils signifikant gefallen sind und keine Trendumkehr ersichtlich ist.

Meta Platforms: Kosten gesenkt und deutliche Umsatz- und Gewinnsteigerung 2023 erwartet

SAP: Wachstum der Cloud-Erlöse bleibt auch 2023 sehr stark

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General information

AuthorErste Group Research
Product nameEmpfehlungsliste
Topic in focusEquities
Economy in focusEurozone, Germany, Switzerland, United Kingdom, United States
Currency in focusBritish Pound, Euro, Swiss Franc, US Dollar
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities

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