FDD - STOXX 600 Q1 2022 Earnings Review: A Sign Of Optimism

May, 05 2022 04:35 AM First Trust Dow Jones STOXX Select Dividend 30 Index Fund

Earnings growth continues to improve during the quarter and now sits at 35.4% (14.9% when excluding Energy). Since April 1st, earnings growth improved by 14.6 percentage points (ppts).
At a sector level, Energy has seen the largest improvement in earnings growth over the same period (77.4 ppts), followed by Consumer Non-Cyclicals (17.0 ppts), Industrials (15.1 ppts), and Basic Materials (14.3 ppts).
Of the 131 constituents that have reported earnings so far, 72.5% have beaten earnings expectations, well above the long-term average of 52.2% and prior four-quarter average of 64.7%.

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Company Name:	First Trust Dow Jones STOXX Select Dividend 30 Index Fund
Stock Symbol:	FDD
Market:	NYSE