Earnings Season So Far

I wanted to share some stats from Anna-Louise Jackson’s piece at Bloomberg.

So far, 130 stocks in the S&P 500 have reported Q2 earnings. We’re tracking for a 1% decline in earnings. Expectations were for -4.5%.

Of S&P 500 companies that have changed guidance, nearly 90% have raised guidance. That’s the best rate in six years.

But here’s the interesting part — BofA says that 49 companies have provided earnings guidance this month compared with the historical average of 190.

Perhaps the elevated guidance rate is really would-be lower-guiders staying quiet.

More than 70% of mid-caps have raised guidance while about 60% of small-caps have.

Posted by on July 25th, 2016 at 3:27 pm


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