With about 80% of companies in the S&P 500 reporting this quarter, we thought it a good time to review the results.
According to Thompson Reuters, about 80% of companies have beat their 90 day treadmill number/quarterly earnings, with the remaining companies missing.
Care to guess which Sector of companies did the best or the worst thus far?
(Here’s a quick list of the Sectors: Consumer Discretionary, Consumer Staples, Energy, Finanicals, Health Care, Industrials, Info Technology, Materials, Telecom, Utilities)
The Sector/area of the economy that had the best performance compared to their respective analyst were Finanicals. With the volatility over the latest two years, it might not come as a surprise.
Care to guess which had the worst?
Telecom led the laggards with the worst performance against their respective analyst estimates. One caveat on this sector, it is a small percentage of the S&P 500 and therefore a few companies can greatly affect the averages.
All in all, we give this earnings season a good grade, and look towards the eventually increase in headcount by companies, and therefore lowering of the unemployment rate in the US.
Have a Good Day!