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.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.