Heading into Q2 earnings, analysts had estimated just 2.8% YoY earnings growth.
With 90% of S&P 500 companies having reported, blended earnings growth (actuals + estimates) are now tracking +10.5% (7.7% above the preseason estimate).
That is the largest positive surprise in all of the data I have back to 2013 (excluding the warped COVID-19 period).
Never underestimate corporate America.
In my last post, Are S&P 500 Companies Really Doing More with Less? I dug into revenue per employee metrics for S&P 500 sectors over the past 35 years.
I asked readers “Do you see S&P 500 revenue per employee increasing or decreasing over the next decade?”
The results are below:
Today, I’d like you to look ahead to Q3 earnings season. Analysts currently expect +6.58% YoY growth in Q3. Do you see S&P 500 companies beating or missing this benchmark?
I’ll turn the results into a chart for my next post. Stay tuned!
Live Tour: Exhibit A
Financial Advisors: Michael Batnick and I will be joining Taylor Schulte to talk all things Exhibit A this Tuesday (8/12) at 12 PM EST.
Here’s the agenda:
The origin story: How Exhibit A grew from idea to advisor essential
Live demo of the platform
How Taylor is leveraging Exhibit A in his practice
Live Q&A
If you’d like to see the platform in action and hear how other advisors are leveraging our custom-branded (daily updating) charts in client/prospect communication, we’d love for you to join us on the call!
That’s all for today. If you enjoyed this post, please consider sharing it with a friend. As always, thank you for reading!