United States USD

United States Corporate Profits QoQ Prel

Impact:
Medium

Latest Release:

Date:
Surprise:
3.4%
| USD
Actual:
4.4%
Forecast: 1%
Previous/Revision:
0.2%
Period: Q3

Next Release:

Date:
Period: Q1
What Does It Measure?
The United States Corporate Profits QoQ Preliminary report measures the total profits earned by U.S. corporations, indicating overall economic health and business performance. The primary focus is on assessing profitability across major sectors, influencing areas such as production, investment, and employment, with key indicators including profit margins and industry-specific earnings.
Frequency
This report is released quarterly, with preliminary figures available approximately one month after the end of the quarter, though it is subject to revision in subsequent releases.
Why Do Traders Care?
Traders closely monitor corporate profits as they serve as a barometer for economic growth and corporate health, affecting financial markets significantly. Higher-than-expected profits can boost investor confidence, leading to bullish trends in equities and potentially strengthening the U.S. dollar, while disappointing results may lead to bearish effects on stocks and currency.
What Is It Derived From?
Corporate profits are derived from data collected from a variety of sources, including corporate income statements and financial reports, focusing on net income, dividends, and retained earnings. The calculation process involves aggregating profits from corporations across various sectors, ensuring industries are adequately represented within the overall figure.
Description
This report is typically presented in a quarter-over-quarter format (QoQ) that compares profits to the prior quarter, highlighting short-term business trends and shifts in economic activity. Traders favor QoQ reporting as it illustrates immediate changes and allows for timely adjustments to economic forecasts based on recent performance.
Additional Notes
Corporate profits serve as a coincident economic indicator, reflecting the current state of the economy as they often correlate with overall GDP growth. Additionally, comparing profits across quarters can offer insight into broader economic trends, including shifts in consumer demand and investment strategies.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks.

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 Time Actual Forecast Previous Surprise
4.4%
1%
0.2%
3.4%
2%
1.8%
-3.3%
0.2%
-3.6%
5.9%
5.9%
-9.5%
0%
3.9%
3.5%
-3.9%
1.7%
-1.5%
-2.7%
3.2%
-1.7%
3.9%
3.9%
-5.6%
4.1%
0.4%
0.5%
3.7%
1.6%
-5.9%
-5.9%
7.5%
-6.8%
-0.9%
-2.7%
-5.9%
-0.2%
3.1%
6.2%
-3.3%
9.1%
-2.8%
-4.9%
11.9%
-4.3%
0.5%
0.2%
-4.8%
4.2%
5%
10.5%
-0.8%
9.7%
2%
4.5%
7.7%
-0.8%
2%
-3.3%
-2.8%
27.5%
8.5%
-10.7%
19%
-11.8%
-26%
-11%
14.2%
-14.2%
-46%
2.1%
31.8%
1.3%
2.5%
3.7%
-1.2%
5.1%
2.9%
-4.1%
2.2%
-3.5%
2%
0%
-5.5%
3.3%
2%
2.1%
1.3%
2.4%
8.6%
8.2%
-6.2%
5.9%
6%
1.7%
-0.1%
5.8%
0.2%
0.1%
5.6%
0.8%
-2.6%
-2.5%
2.3%
2.3%
-4.8%
7.6%
-1.9%
-2.4%
8.1%
0.6%
-8.4%
-1.6%
1.5%
2.6%
-3.1%
1.3%
1.6%
-7.9%
-0.3%
-8.7%
-0.8%
-1.6%
-7.9%