2024-05-03 20:10:00 ET
Summary
- With tech earnings out of the way, S&P 500 earnings continue to be healthy, robust in fact, although that’s been the case for a while.
- The forward 4-quarter estimate was revised higher again (sequentially) to $253.25 from last week's $252.55.
- With 397 S&P 500 companies having reported, the “upside surprise” this quarter for S&P 500 EPS is +8.4% bigger than the three previous quarters, which were quite strong in the mid to high-single digits.
With tech earnings out of the way, S&P 500 earnings continue to be healthy, robust in fact, although that’s been the case for a while....
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S&P 500 Earnings Strong, And 'Upside Surprise' Higher Than Last Few Quarters