Wednesday, February 12, 2020

"S&P 500 aggregate earnings are beating expectations by 5.2% so far"

From Yahoo Finance, 9:48 a.m. ET:
...To date, companies comprising just under 80% of the S&P 500’s market capitalization reported fourth-quarter results.
Among these, earnings have so far beaten consensus expectations by 5.2%, and 63% of companies have exceeded their bottom-line estimates, according to an analysis from Credit Suisse chief U.S. equity strategist Jonathan Golub. That compares to 5.2% and 71% over the past three years.

Aggregate earnings per share are on pace to rise 3.5% for the fourth quarter, Golub said. Heading into fourth-quarter earnings results, consensus analysts expected earnings to grow 3.1%.
Companies including Cisco, Applied Materials, MGM resorts and TripAdvisor are due to release results after market close Wednesday....
counter