Published on 23 Nov 2022 on Zacks via Yahoo Finance
Thursday, November 23, 2022 The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features an update on the Q3 earnings seaosn that is heading towards a close and new research reports on 16 major stocks, including Linde plc (LIN), Texas Instruments Incorporated (TXN) and Trane Technologies plc (TT). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Q3 Earnings Season Scorecard
With results from 486 S&P 500 members or 97.2% of the index's total membership already out, the Q3 reporting cycle has effectively come to an end. Total earnings for these companies are up +2% from the same period last year on +11.7% higher revenues, with 69.5% beating EPS estimates and 68.5% beating revenue estimates.
As we have consistently pointed out, the Q3 EPS and revenue beats percentages are below what we had seen from the same group of companies in the last few reporting cycles, buth otherwise in the historical ranges, albeit towards the lower end of the ranges.