Q1 Earnings Summary

The numbers are in from Bloomberg. Of the 500 companies in the S&P 500, 360 have reported earnings so far. Of that, 250 have beaten expectations, 74 have missed and 36 have matched. That’s a beat rate of 69.4%.

So far, earnings are up 6.1% from a year ago. Excluding financials, earnings are up 4.9%. What’s interesting is that Wall Street expects earnings growth to re-accelerate later this year. For Q2, earnings growth will bottom out at 1.0%. For Q3, it’s expected to jump to 6.3%, and for Q4, Wall Street sees growth of 17.4%.

Posted by on May 2nd, 2012 at 4:00 pm


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