S&P 500 Constituent Earnings Update
Earnings season has passed and it’s no secret most firms beat on estimates that were gradually revised downward.
Of the 497 S&P 500 constituents that have reported during Q1 2014, 67 percent reported earnings better than the street expected and collectively surprised analysts with a 9.9 percent EPS beat. Forty-five percent of 497 reporting firms reported double-digit year-over-year growth with 18 companies altogether exceeding 100 percent year-over-year growth.
Looking ahead into Q2, three firms stand out for their expected large growth in earnings, according to consensus estimates compiled by Capital IQ.
Those three are:
Revision trends in the past month:
Top 10 Companies With Largest Y/Y Growth For CQ1 2014
Top 10 Companies With Largest Y/Y Declines For CQ1 2014
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.