Does anyone feel that some companies are lowing guidance based on recession expectations?

I've been noticing in the past few days/weeks that a lot of companies which have been reporting strong financial numbers have still seen their stock prices drop significantly based on guidance rather than actual performance/financial metrics…. I get that any company can offer weak guidance for any number of reasons, but I have a hunch that a lot of these companies are factoring in a recession or overall poor economic outlook when they determine their guidance. If we do avoid a massive depression, I'm thinking a lot of these will be poised to soundly beat expectations in the following quarter… Not recommending anyone buy or sell anything in the current environment, but if things change on an economic level over the next few months, seems like we could see some major upswings based solely on strong earnings beats and higher guidance.