More companies than usual are beating earnings estimates — and sales numbers are just as bullish for the stock market
MarketWatch
2/6/2021
MARKETWATCH PREMIUM
Every earnings season, a majority of U.S. companies report earnings per share that are higher than the consensus estimates among Wall Street analysts.
So the positive “surprises” may not be so … surprising.
Turning your focus to positive
sales surprises and
sales growth might be more rewarding — the market often rewards sales growth more than it does earnings growth.
Below is a list of companies that have beaten sales estimates.
Here’s an earnings-season Twitter posting from Stephanie Link, chief investment strategist at Hightower Advisors, that puts EPS in context: