With 92% of the companies in the S&P 500 reporting, the blended earnings decline for the index for Q3 is -2.3%: Factset. Meanwhile, Q4 EPS is now also projected to be negative, as the S&P is now knee-deep in an earnings recession
Analysts expect earnings for companies in the S&P 500 to fall about 4% for the third quarter, in what would mark the biggest year-over-year drop since 2016: FactSet data
79% of $SPX companies have beaten sales estimates for Q4 to date, which is highest beat % since FactSet started tracking this data in 2008.
Good Morning I've been up hours crunching earnings numbers - remarkable! 77% cos beat on revenue if holds up would shatter #factset record