🇺🇸 #earnings #USA #stocks #overviewFactSet: 99% of companies in the S&P 500 have already reported their earnings. Of these, 79% beat EPS expectations, which is above the 5-year average of 77% and the 10-year average of 74%.
However, only 60% beat revenue expectations, which is below the 5-year average of 68% and the 10-year average of 64%.
The blended (year-over-year) earnings growth rate for the S&P 500 stands at 11.3% — the highest annual earnings growth rate since Q4 2021.
Currently, 59 companies in the S&P 500 have issued negative EPS guidance for Q3, while 50 companies have issued positive guidance.