Earnings season is turning out to be awesome. Here's what it means for your investments & our economy:
Bottom Line: The expectations for the corporate earnings season were as high as they'd been in six years. The average performance was anticipated to be a gain of 10.4% year over year. Lofty expectations for sure. With stocks hitting a series of record highs in the wake of the election last November... Companies needed to deliver. Well they have been & more...
Here' the latest expectations for 2017's earnings outlook:
S&P 500 Earnings (estimates)
- Q1: up 11.8%
- Q2: up 9.5%
- Q3: up 9.3%
- Q4: up 13.5%
Source: Thomson Reuters
As you can see the quarter we're in has gone so well so far that earnings estimates have been revised up another 1.4% and the outlook for the rest of the year is outstanding. Performance like this goes a long way towards justifying stock values.