Earnings Scorecard: For Q4 2022 (with 82% of S&P 500 companies reporting actual results), 68% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise.
Almost a full year of monetary-policy tightening by the Federal Reserve appears to be having little impact on inflation, putting policy makers in danger of...
Earnings Scorecard: For Q4 2022 (with 82% of S&P 500 companies reporting actual results), 68% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise.
Same FactSet Report:
“Overall, 82% of the companies in the S&P 500 have reported actual results for Q4 2022 to date. Of these companies, 68% have reported actual EPS above estimates, which is below the percentage of 69% at the end of last week, below the 5- year average of 77%, and below the 10-year average of 73%. In aggregate, companies are reporting earnings that are 1.3% above estimates, which is above the percentage of 1.1% at the end of last week, but below the 5-year average of 8.6% and below the 10-year average of 6.4%. If 1.3% is the actual surprise percentage for the quarter, it will mark the second-lowest surprise percentage reported by the index since 2008.”
Earnings Scorecard: For Q4 2022 (with 82% of S&P 500 companies reporting actual results), 68% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise.
Same FactSet Report:
“Overall, 82% of the companies in the S&P 500 have reported actual results for Q4 2022 to date. Of these companies, 68% have reported actual EPS above estimates, which is below the percentage of 69% at the end of last week, below the 5- year average of 77%, and below the 10-year average of 73%. In aggregate, companies are reporting earnings that are 1.3% above estimates, which is above the percentage of 1.1% at the end of last week, but below the 5-year average of 8.6% and below the 10-year average of 6.4%. If 1.3% is the actual surprise percentage for the quarter, it will mark the second-lowest surprise percentage reported by the index since 2008.”
Are you trying to make the argument that things are bad? If so, you’re not doing very good job.
“Overall, 82% of the companies in the S&P 500 have reported actual results for Q4 2022 to date. Of these companies, 68% have reported actual EPS above estimates, which is below the percentage of 69% at the end of last week, below the 5- year average of 77%, and below the 10-year average of 73%. In aggregate, companies are reporting earnings that are 1.3% above estimates, which is above the percentage of 1.1% at the end of last week, but below the 5-year average of 8.6% and below the 10-year average of 6.4%. If 1.3% is the actual surprise percentage for the quarter, it will mark the second-lowest surprise percentage reported by the index since 2008.”
Are you trying to make the argument that things are bad? If so, you’re not doing very good job.
From here, I believe the bear market rally fizzles, interest rates tick higher, and dollar rises. Not good for risk assets, including my EM Bond CEFs. I will continue to hold, and reinvest income.
One week ago. Not bad for a 75 IQ. That bear market rally is about as wobbly as Gidey’s legs at the World Cross finish.