Record Share of Companies Are Beating Earnings Estimates

With the earnings season more than halfway over, most companies in the S&P 500 have surpassed analysts’ profit expectations. As of Friday, results from 87% of those that have reported were better than expected, according to Refinitiv. That is above the historical average of 65% and on pace for the highest share since Refinitiv began tracking the metric in 1994.Going back to 1994, companies have beat earnings estimates by an average of 3.6%, according to Refinitiv.

The problem is that investors aren’t sure how much of the good news already has been baked into share prices.

wow

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden pushes 17 years of free school, asks companies and wealthy to pay 'fair share'President Joe Biden on Monday called on wealthy Americans and corporations to pay their 'fair share' to fund free community college and other benefits for workers as he promoted his sweeping jobs and safety-net plans in Virginia. Wow. Imagine that. The United States maybe catching up to most other developed nations. 'Fair share' being as much as I can steal to do what I want with it. Much like any other common thief. WhiteHouse That is the most ignorant thing to say, Corporations and the Wealthy are the ones that are going to gain the most out of having an educated Workforce🤑🤑🤑
Source: Reuters - 🏆 2. / 97 Read more »