United States USD

United States Corporate Profits QoQ Final

Info

History

Chart

Impact:

Low

Source: U.S. Bureau of Economics Analysis

Latest Release:

Date:

Surprise:

-0.4%

Actual:

-0.4%

Forecast: 0%

Previous/Revision:

3.5%

Period: Q3

Next Release:

Date:

Forecast: -3.6%

Period: Q1

What Does It Measure?

The United States Corporate Profits QoQ Final measures the total profits of U.S. corporations after taxes, assessing the economic health of the corporate sector. It primarily focuses on corporate profit levels, which are key indicators of economic performance, influencing production capacity, investment decisions, and overall economic activity.

Frequency

This report is released quarterly and provides final figures, typically published about one month after the end of the fiscal quarter.

Why Do Traders Care?

Traders monitor corporate profits as they serve as a critical indicator of company performance and overall economic health, affecting stock prices and market sentiment. Higher-than-expected profits are generally bullish for equities and may strengthen the U.S. dollar, while lower profits can lead to bearish effects on stocks and currency.

What Is It Derived From?

Corporate profits are derived from the income statements of publicly traded companies, incorporating various data points including revenues, taxes, and expenses. The calculation involves aggregating total profits across sectors and adjusting for seasonality to present a clear economic overview.

Description

The Corporate Profits QoQ report is calculated based on final data, which provides a more accurate and comprehensive reflection of corporate earnings compared to preliminary data. It reports on a quarter-over-quarter (QoQ) basis to highlight medium-term economic trends, allowing traders to understand profit dynamics relative to preceding quarters.

Additional Notes

This indicator serves as a coincident economic measure and is closely watched by analysts for its relationship with economic trends such as GDP growth and consumer spending. It is essential for comparing corporate profitability across sectors and can indicate broader shifts in the economy, both domestically and relative to global trends.

Bullish or Bearish for Currency and Stocks

If actual profits are higher than expected: Bullish for USD, Bullish for Stocks. If actual profits are lower than expected: Bearish for USD, Bearish for Stocks. A dovish tone suggesting lower interest rates or economic support is usually good for the Currency but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 19, 2024	-0.4%	0%	3.5%	-0.4%
Sep 26, 2024	3.5%	1.7%	-2.1%	1.8%
Jun 27, 2024	-2.7%	-1.7%	3.9%	-1%
Dec 21, 2023	3.7%	4.1%	0.5%	-0.4%
Sep 28, 2023	0.5%	1.6%	-4.1%	-1.1%
Jun 29, 2023	-5.9%	-6.8%	-2.7%	0.9%
Dec 22, 2022	0.8%	0.2%	6.2%	0.6%
Sep 29, 2022	6.2%	9.1%	-2.5%	-2.9%
Jun 29, 2022	-4.9%	-4.3%	0.2%	-0.6%
Dec 22, 2021	3.4%	4.2%	10.5%	-0.8%
Sep 30, 2021	10.5%	9.7%	4.5%	0.8%
Jun 24, 2021	1.7%	-0.8%	-3.3%	2.5%
Dec 22, 2020	27%	27.5%	-10.7%	-0.5%
Sep 30, 2020	-10.7%		-11%
Jun 25, 2020	-12.4%	-14.2%	2.1%	1.8%
Dec 20, 2019	0.6%	1.3%	3.7%	-0.7%
Sep 26, 2019	3.7%	5.1%	-4.1%	-1.4%
Jun 27, 2019	-3.1%	-3.5%	0%	0.4%
Dec 21, 2018	3.5%	3.3%	2.1%	0.2%
Sep 27, 2018	2.1%	2.4%	8.2%	-0.3%
Jun 28, 2018	8.7%	1.9%	1.7%	6.8%
Dec 21, 2017	5.7%	0.9%	0.1%	4.8%
Sep 28, 2017	0.1%	0.9%	-2.6%	-0.8%
Jun 29, 2017	-2.7%	-2.5%	2.3%	-0.2%
Dec 22, 2016	6.7%	7.6%	-1.9%	-0.9%
Sep 29, 2016	-1.9%	-2.4%	2.2%	0.5%
Jun 28, 2016	2.2%	0.6%	-8.4%	1.6%
Dec 22, 2015	-1.7%	1.3%	2.6%	-3%
Sep 25, 2015	2.6%	1.3%	-7.9%	1.3%
Jun 24, 2015	-8.8%	-8.7%	-1.6%	-0.1%