2024-02-21 11:15:00 ET
Summary
- Six of the Magnificent Seven have reported earnings so far this season, and the results have been largely impressive.
- Five out of the six exceeded analyst earnings and sales estimates.
- At the current 25 times P/E, the Seven are at a 19% premium relative to their historical median.
- After a strong run-up in large-cap U.S. equities broadly over the last several years, there aren’t necessarily many bargains to be had.
By Matt Wagner
Six of the Magnificent Seven have reported earnings so far this season, and the results have been largely impressive. Five out of the six exceeded analyst earnings and sales estimates....
Read the full article on Seeking Alpha
For further details see:
Magnificent Seven Earnings (Mostly) Impress