The Standard & Poor’s 500 index has seen higher-than-expected Q1 earnings per share from 58 of the 77 companies that have released full operating comparative quarterly data as of Friday, according to a report from Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
While that amounts to an EPS beat rate of 75% so far, there haven’t been as many sales beats. Silverblatt said 38 of 76 S&P 500 companies, or 50%, have reported higher-than-expected sales for Q1 so far.
Silverblatt noted of the 19 S&P 500 companies that failed to post EPS beats so far this earnings season, six met Street expectations while 13 missed.
Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!
This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…
The financial sector has had the most reports thus far for Q1 — 26 — and also has had the most EPS beats, amounting to 17. However, it also has had the most misses — six — and the most meets — three.
The industrial sector has had the second-highest number of Q1 reports so far: 15. Of those, 12 companies have topped Street expectations for EPS while three missed.
Silverblatt said 157 components of the S&P 500 are set to release their Q1 results this week, with another 161 coming next week.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.