Published on 10 May 2022 on Insider Monkey via Yahoo Finance
10 Most Anticipated Quarterly Earnings Releases to Watch
In this article, we discuss 10 most anticipated quarterly earnings releases to watch. If you want to read about some more anticipated earnings releases, click 5 Most Anticipated Quarterly Earnings Releases to Watch.
It is earnings season on Wall Street and the overall market situation has been complicated by the rise in interest rates and fears of an impending recession. According to data released by software firm FactSet, more than half of all companies on the benchmark S&P 500 have already released their earnings for the first three months of 2022. Despite growth concerns, a whopping 80% of these firms have reported earnings per share that are above analyst estimates. This number is 3% above the five-year average.
In April, FactSet had predicted that firms on the S&P 500 would report earnings growth of over 10% for the fifth straight quarter. In the last five years, the actual earnings of companies on the index have beaten estimated earnings by around 9%. On aggregate so far in the first quarter of 2022, this number is well-below average, clocking in at around 3.4%. FaceSet has attributed this weakness to the “comparison to unusually high earnings growth in Q1 2021 and continuing macroeconomic headwinds”.