By Tajinder Dhillon
18Q3 earnings season is underway with 69 companies reporting last week ending November 9, 2018. Exhibit 1 provides a summary of reporting results.
Exhibit 1: Earnings Season Results
Overall Recap
Of the companies that reported last week, 47% beat EPS expectations and 50% missed EPS expectations. In addition, 52% beat revenue expectations and 53% missed revenue expectations.
The company which beat EPS expectations by the largest amount was Banco Bpm SpA (BNCZF) with a positive 556% surprise. The company which missed EPS expectations by the largest amount was EDP Energias de Portugal