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Companies Are Beating Q1 Earnings Estimates So Far. Some Big Results Are Up Next

1. First-quarter earnings growth likely despite a soft start for S&P 500. 2. 70% of reported S&P 500 companies exceeded estimates, below historical averages. 3. Earnings came in 6.1% above estimates, but still under longer-term averages. 4. S&P 500 projected to have 7.2% blended growth rate this quarter. 5. Major companies like TSLA and GOOG report earnings next week.

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FAQ

Why Bullish?

Positive earnings surprises support S&P 500 growth expectations, despite underperformance, similar to 2020’s recovery following initial COVID-19 uncertainty.

How important is it?

Current trends in earnings reports provide a critical outlook for S&P 500, influencing market directions immediately.

Why Short Term?

Upcoming earnings reports may reinvigorate investor sentiment in the near term, mirroring 2021's earnings boost to stock valuations.

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