Latest Breaking News On - ப்ரிடிக்டிவ் பகுப்பாய்வு - Page 7 : comparemela.com
by Tyler Durden
Monday, Aug 02, 2021 - 07:20 PM
First the good news: according to Bank of America s earnings tracker, Q2 earnings season is already one of the strongest in history (as one would expect following trillions in fiscal and monetary stimulus and comping off the catastrophic Q2 of 2020 when covid shut down the economy), and following the busiest earnings week of 2Q, 296 S&P 500 companies (76% of index earnings) have reported. 2Q EPS is now tracking a 13% beat or $51.12, topping BofA s estimate of $50 or an 11% beat; and far above the historical average since the start of earnings season.
To avoid the skewed 2020 data and doing a two-year lookback, 2Q is now expected to be +83% YoY or +24% vs. 2Q19, vs. last quarter’s 25% 2-yr growth rate. Financials, Communication Services, and Consumer Discretionary led the EPS beat, while revenues are also coming in red hot and tracking a 3% beat, led by Energy.
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