Earnings season is off to a very strong start relative to expectations. Only about 5% of S&P 500 companies have reported results, but 96% have beaten estimates. Forward 12 months’ estimates have already increased by 0.5% since January 1, 2021. Stability of estimates...
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S&P 500 Index earnings are tracking to a 43% year-over-year decline for the second quarter, the worst since fourth quarter 2009, amid pandemic-related disruptions in economic activity.
With just 45 S&P 500 Index companies having reported, fourth quarter 2019 earnings growth is tracking to a 2.4% yearover-year decline on 2.5% revenue growth…
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