The Q2 season has brought a mix of both positive and negative surprises, leading to increased market volatility in recent weeks. In a note to clients published Wednesday, analysts at Societe Generale highlighted 10 learnings from the ongoing reporting season.:’ In Q2, 78% of companies beat on earnings per share , well above average levels, while only 58% exceeded sales expectations, the lowest in five years.:’ S&P 500 profit margins continue their uptrend.
In conclusion, Societe Generale analysts suggest that the rising profit margins are a saving grace, bolstering the ongoing profit narrative and maintaining the S&P 500 in 'buy-the-dip' territory.Scan QR code to install app
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