Favorable forecasts lead analysts to raise their projections for the year ahead.
Provided by Taylor McClish
Corporate earnings season has begun, and the results are turning heads on Wall Street.
Of the 120 companies in the S&P 500 index that reported numbers as of Friday, July 23, 89% of them beat the Street’s earnings-per-share estimates by an average of nearly 21%.1
The robust results are leading Wall Street analysts to raise estimates for the third and fourth quarters as well as the first-quarter 2022.1
Earnings season occurs four times a year, and it’s the time when a majority of publicly traded companies release their quarterly financial reports. Companies often go into great detail about their business, and some provide guidance about what lies ahead.
Typically, earnings season starts several weeks after the calendar quarter comes to a close. For example, the second quarter's earnings season began in mid-July, and the majority of companies are expected to release their earnings over the next six weeks.2
If you hear any confusing
commentary, please give us a call. We always welcome the chance to talk about
what earnings may be saying about the overall economic outlook.
Taylor McClish may be reached at (503) 239-3060 or Taylor.McClish@cunamutual.com
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Wall Street’s
forecasts for Q3 and Q4 2021 and Q1 2022 are based on assumptions, subject to
revision without notice, and may not materialize.
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unmanaged group of securities considered to be representative of the stock
market in general. Index performance is not indicative of the past performance
of a particular investment. Past performance does not guarantee future results.
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Citations
1. Earnings
Scout, July 23, 2021
2.
Insights.Factet.com, January 22, 2021
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