Alex Rosenberg summarizes the results of earnings season thus far on cnbc.com. As detailed in the article, although it remains early in earnings season with less than 20% of companies having reported first-quarter results, those that have reported are beating estimates for earnings and revenues at a lower rate than has been typical over the past four years. At this point, it looks like S&P 500 companies will report a year-over-year earnings decline for the first time since 2012 and overall revenue numbers have also been below expectations in aggregate. Nonetheless, investors appear to be looking past first-quarter earnings, which in some cases may have been impacted by severe weather, and continue to price in a rebound in earnings growth for the remainder of the year.
Companies are beating earnings estimates – but don’t be fooled
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