Earnings Season Update – April 26, 2019

To date, 46% of the S&P 500 have reported actual results for Q1 2019

 

In terms of earnings, the percentage of companies reporting actual EPS above estimates (77%) is above the five-year average. In aggregate, companies are reporting earnings that are 5.3% above the estimates, which is also above the five-year average.

The blended revenue growth rate for Q1 2019 is 5.1% today, which is slightly above the revenue growth rate of 5.0% last week. Positive earnings surprises reported by companies in the Consumer Discretionary and Information Technology sectors were mainly responsible for the decrease in the overall earnings decline during the week.

During the upcoming week, 164 S&P 500 companies (including 5 Dow 30 components) are scheduled to report results for the first quarter.

Looking at future quarters, analysts expect a slight decline in earnings in the second quarter, low single-digit earnings growth in the third quarter, and high single-digit earnings growth in the fourth quarter.

 

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