“One of the ugly themes of Q2 earnings season has been the disappointing revenue announcements. Of the 447 S&P 500 companies that have announced their quarterly financial results, only 43 percent have beaten analysts’ expectations. This is the lowest beat rate since Q1 2009. This is according to data compiled by FactSet.
In contrast, 70 percent of companies have beaten earnings per share (EPS) estimates.”
If you enjoy the content at iBankCoin, please follow us on Twitter
