European (Stoxx 600) Q1 Earnings Estimates Improve

Data Source: Thomson Reuters

European Earnings (Stoxx 600) have improved in the last three weeks.  First quarter earnings have improved from -4.2% to -2.2%.  Revenue is expected to increase 3.8% vs. 0.7% on 5/1.

The EPS beat rate is 52% versus a 50% average quarterly beat rate.

The revenue beat rate is 59.4% versus a 55% average quarterly beat rate.