By Tajinder Dhillon
18Q2 earnings season is underway, with 84 companies reporting last week ending July 27, 2018. Exhibit 1 provides a summary of reporting results.
Exhibit 1: Earnings Season Results
Overall Recap
Of the companies that reported this week, 44% beat EPS expectations and 37% missed EPS expectations. In addition, 57% beat Revenue expectations and 40% missed Revenue expectations.
The company that beat EPS expectations by the largest amount was Banco de Sabadell SA (BNDSF) with a positive 257.1% surprise. The company that missed EPS expectations by the largest amount was Saipem SpA (SAPMF)