Corporate America Reaps Big Rewards for Beating Low Earnings Bar
- S&P 500 firms outperform the index by most since at least 2019
- Analysts cut estimates in the run-up to the reporting season
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US companies are reaping the best stock market reward in five years for beating profit expectations that were lowered in the run-up to the reporting season.
S&P 500 firms that posted better-than-estimated third-quarter earnings have outperformed the benchmark by a median of 1.74% on the day of reporting results, according to data compiled by Bloomberg Intelligence. That’s the strongest rate in BI’s records going back to 2019.