Better-Than-Feared Earnings Has Analysts Rethinking Projections
- Roughly 20% of S&P 500 has reported, 77% topped estimates
- “Were expectations intentionally set too low?”: Loewengart
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It’s still early in earnings season, but the results so far are coming in strong enough that some on Wall Street are starting to wonder if they were too pessimistic about Corporate America’s performance.
Roughly 20% of the S&P 500 Index has posted quarterly earnings and more than 77% of the reports were better than expected, according to data from Bloomberg Intelligence. Solid results from the country’s megabanks, and better-than-feared outcomes from smaller lenders are driving the strong start to the first-quarter earnings season.