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Deep Dive: Here’s why you should expect more ‘beats’ during this earnings season

As we head into earnings season, investors can be forgiven for their cynicism about “earnings beats,” the series of breathless headlines about companies reporting results that come in ahead of analysts’ expectations.

But there are also stocks for which analysts have been raising their price targets, and it might be worthwhile to take a closer look at those companies.

During second-quarter earnings season, 80% of S&P 500 SPX, -3.29% companies reported earnings per share that were higher than consensus estimates, according to S&P Global Market Intelligence. That “beat rate” has steadily risen over the past year from 71% for second-quarter earnings season in 2017.

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