JPM Summarizes Earnings Season So Far: “At -8%, The S&P500 Q1 EPS Growth Is The Worst Since ’09”
by Tyler Durden
ZeroHedge.com
04/28/2016
80% of US companies beating EPS estimates is above the historical average. However, we note that in the last 10 years, the proportion of EPS beats was always well above the 50% threshold, suggesting that companies typically do a good job at managing analysts’ expectations. The actual delivered EPS growth is a better indicator of the underlying earnings backdrop, in our view. At -8%, the S&P500 Q1 EPS growth is the worst since ’09.
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