S&P 500 EPS Beat Rate Exceeds Revenue Beat Rate as Q3 Season Advances
Photo: TokenPost
S&P 500 companies reporting third-quarter results through Oct. 23 were more likely to top earnings-per-share estimates than revenue forecasts, as the reporting season reached about one-quarter of index members. Among companies that had reported, 83% beat EPS estimates and 66% beat revenue estimates, a difference of 17 percentage points. The figures cover results season to date across the index. In the Financials sector, blended earnings growth rose to 4.6% from 2.9%. Positive EPS surprises from Capital One, American Express and Chubb contributed to the increase. Chubb posted third-quarter core operating income per share of $7.66.
Source: TokenPost
