Data Source: Factset
This week we picked up another 30bps in Earnings improvement of Q3 S&P 500 earnings results. Three weeks ago estimates were at -4.8%. This week they are at -2.4% with 11% of the S&P left to report.The 75% beat rate on the bottom line is better than the five year average of 72%.
For Calendar Year 2020, analysts are projecting earnings growth of 9.7% and revenue growth of 5.4%.
Energy (23.9%), Industrials (16.7%), and Materials (14.9%) are expected to have the highest earnings growth rates for 2020:
2020 EPS estimates ($179.16) are holding strong (just under double digit growth) for the first time since 2016-2017.
