LIVE MARKETS-S&P 500 negative outlooks for Q4 above Q3 levels

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S&P 500 NEGATIVE OUTLOOKS FOR Q4 ABOVE Q3 LEVELS

Negative outlooks from S&P 500 .SPX companies for the fourth-quarter 2024 earnings season are outpacing positive ones by a ratio of 2.1 to 1, compared with a negative-to-positive ratio for third-quarter earnings 2024 of 1.5 to 1, according to LSEG data as of Friday.

But fourth-quarter's negative-to-positive ratio is still below the long-term average ratio - since 1997 - of 2.5 to 1, LSEG says, and it is in line with the fourth-quarter 2023 earnings outlook ratio of 2.1 to 1.

With 111 earnings outlooks in so far on the fourth quarter of 2024 from S&P 500 companies, 70 are negative while 33 are positive and eight are in line with consensus guidance, based on the data.

For the third quarter of 2024, 118 earnings outlooks were issued by S&P 500 companies, including 61 negative outlooks versus 40 positive ones and 17 in line.

Not all S&P 500 companies provide earnings guidance, and most companies tend to beat analysts' earnings expectations once they report results.

(Caroline Valetkevitch)

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