Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Bio
X •  LinkedIn
 

  A Snapshot Of The S&P 500 Index Earnings Beat Rate
Supporting Image for Blog Post

 
View from the Observation Deck  
  1. As we head into the close of the Q2'22 corporate earnings reporting season, we thought it would be a good time to review the percentage of S&P 500 Index companies that exceed their estimates on a quarterly basis. 
  2. Equity analysts adjust their corporate earnings estimates on an ongoing basis. Regardless of whether they adjust their estimates up or down, companies typically have a consensus target number or range to hit.
  3. From Q2'18 through Q2'22 (17 quarters), the average earnings beat rate for the companies that comprise the index was 76.8%, slightly above the 75.1% beat rate for the 478 companies that have reported results for Q2’22. 
  4. During the COVID-19 pandemic (Q1’20-Q2’22), the average quarterly beat rate has been 78.8%.   
  5. The S&P 500 Index posted a cumulative total return of 58.9% for this period (3/31/20-8/31/22), according to Bloomberg.
  6. Information Technology (88.2%), Industrials (82.9%) and Health Care (78.7%) have registered the highest earnings beat rates in Q2'22 (not in chart), according to S&P Dow Jones Indices. Real Estate has the lowest beat rate in the quarter at 58.1%.
This chart is for illustrative purposes only and not indicative of any actual investment. The illustration excludes the effects of taxes and brokerage commissions or other expenses incurred when investing. Investors cannot invest directly in an index. The S&P 500 is a capitalization-weighted index comprised of 500 companies used to measure large-cap U.S. stock market performance.
 
Download a PDF of this post, please click here.
Posted on Thursday, September 1, 2022 @ 11:47 AM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
A Snapshot Of The U.S. Dollar
Technology Has Been The “Gold Standard” For Decades
A Global Snapshot Of Equity Returns Spanning The COVID-19 Pandemic
A Global Snapshot Of Government Bond Yields
Sector Performance Via Market Cap. (2020-2021 and YTD-8/12/22)
How Bonds Have Fared Since 8/4/20
A Snapshot Of Gold, Silver And The Miners
Market Minute - August 2022
One Way To View Consumer Stocks
S&P 500 Index Earnings & Revenue Growth Rates
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.