Zacks.com - Newsroom - Earnings Trends:
"Earnings reports continue to flood in; through the close of Tuesday, 45.2% of the S&P 500 (226 companies) have reported. The median year-over-year growth rate of the firms that have reported so far is 13.0%, making it very likely that this will be yet another quarter of double-digit growth. So far, the reports have been amazingly positive, far more so than in the fourth quarter. Positive surprises are out numbering disappointments by a staggering 5.9:1, at this point in the fourth quarter reporting cycle, positives were beating negatives by “only” 3.2:1. The magnitude of the positive surprises is also impressive, the median firm has reported earnings that are 3.70% (and two cents) higher than expected.
The good news is extremely widespread, every sector has more positive surprises than disappointments, and with the exception of Consumer Staples and Utilities, the margin is at least 3:1. "
Even though the market is stuck and not going anywhere, the earning picture so far is above expectation.
No comments:
Post a Comment