Earnings season is almost 75% done with. How are the numbers stacking up thus far for the S&P 500?
- 74.5% of companies are beating top line estimates.
- 69.2% of companies are beating bottom line estimates.
- Total revenue growth is very impressive at 9.65% YoY.
- Total EPS growth is also strong at 22.83%.
This is all in-line with my Expectation Ratio, which, at 1.31 is still consistent with an environment that is underappreciated by Wall Street.