Data Source: Fact Set
With 90% of the S&P 500 having reported earnings so far, estimates have improved to -.70% year on year versus -2.8% expectations before earnings season. So far, 75% of companies have beat on the bottom line and 57% have beat on the top line.
At the sector level, the Health Care (97%) sector has the highest percentage of companies reporting earnings above estimates, while the Utilities (46%) sector has the lowest percentage of companies reporting earnings above estimates.
The Health Care sector is reporting the highest (year-over-year) earnings growth of all eleven sectors at 8.9%.
The Financials sector is reporting the second highest (year-over-year) earnings growth of all eleven sectors at 5.2%.
For 2019, analysts are projecting earnings growth of 1.5% and revenue growth of 4.3%.
For 2020, Factset has S&P estimates at $183.23 or a jump of 10.9% earnings growth (see featured chart above).
