S&P 500 Q4 earnings season report

Posted by on Feb 14, 2017 in ArbMaker News! | No Comments

Some interesting and informative data for long/short traders from a 13 February “Earnings Season Update” report compiled by BoA Merrill Lynch.

With 85% of companies reported:

  • 61% have beaten on EPS
  • 48% have beaten on sales
  • 36% have done both

Those EPS beats are better than post-2000 average of 53% but the sales results are worse than their historical 56% level.

Perhaps most interesting were these 2 graphs:


Health Care and Tech have had most positive surprises with the opposite being the case for Staples, Telecom and Utilities.

Something to bear in mind when considering sentiment.

Leave a Reply