You’ll see a noticeable change in the length of the earnings calendars from this point on, indicating we’re now past the heart of earnings season. There are still some game-changers in the lineup though.
As for how the market fared so far (with 80% of companies reporting), about 67% of companies topped their EPS estimates, and 61% beat their revenue estimates. That’s pretty much the norm.
The most surprises came from the consumer discretionary and technology sectors. A full 82% of consumer discretionary stocks beat estimates, while more than 91% of technology companies topped last year’s earnings.
Technology stocks also saw the biggest revenue increases; 96% of these companies beat last year’s comparable revenue levels. The financials generated the most beats of revenue estimates, with 87% of its stocks doing more sales than expected.
Here’s what’s in store for this week.