Investors and analysts alike weren't too excited going into
this earnings season. The expectation
was for no growth in earnings. However,
things have been going much better than expected.
Of the 106 S&P 500 companies that have announced Q1
earnings, a whopping 83 percent have beaten analysts' estimates. This is the highest beat rate in three
years. This is according to data
compiled by FactSet.
On average, companies are beating expectations by 6.3
percent, which is above the 5.1 percent average in the last four quarters. The best part: analysts are now expecting earnings growth of
2.2 percent! It doesn't sound like much,
but it's better than nothing.
No comments:
Post a Comment