Earnings Season Getting Underway
Earnings season gets under way this week, and so far we've seen less "earnings beats" than in prior quarters since the 2003 lows.
With just 11% of S&P 500 companies reporting, 62% have beaten estimates, while 19% have missed estimates. Analysts have been overly optimistic compared to past quarters.
Chart courtesy of Birinyi Associates
Monday, January 22, 2007 | 02:15 PM | Permalink
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» Earnings Season Getting Underway from A Dash of Insight
Earnings reports are coming in. As usual, companies are exceeding analyst forecasts. This has now been the pattern for several years. It is not surprising, since the economy has been strong, corporations got lean and mean, and balance sheets have [Read More]
Tracked on Jan 22, 2007 11:23:09 PM
Comments
Are you using whisper or First Call numbers?
Thanks
Posted by: Fred | Jan 22, 2007 3:20:38 PM
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