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Though you wouldn't know it from the S&P 500's performance this week, only 45% of the 104...

  • Friday, July 20, 2012, 6:00 PM ET
    Though you wouldn't know it from the S&P 500's performance this week, only 45% of the 104 index companies to have posted Q2 results thus far have beaten consensus revenue estimates (per FactSet). That's well below the 56% average of the last 4 years. However, thanks to factors such as tight cost controls and heavy stock buybacks, 74% of companies have beaten Street EPS estimates. IBM, GE, and Google are among those to have delivered both a revenue miss and an EPS beat.
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This news story has 7 comments:

  •  
    EPS beat drastically lowered estimates, the usual game around ER season.
    Lower them ahead, stocks fall, beat punk estimates, stocks bounce.
    Why is this news?
    20 Jul 2012, 06:10 PM Reply Like
  •  
    Exactly, "meet or beats" on drastically lowered estimates. Those that missed that game have paid the price. Note that many are lowering Q3 guidance too, so we'll see the game play out again soon. (profit from it)
    20 Jul 2012, 06:19 PM Reply Like
  •  
    "consensus revenue estimates" " Street EPS estimates"

    What a load of crap. The estimates are talked down and the "news" is how the companies compared to the phony estimate.

    Compare the actual to prior years' actual and then there might be some "news".

    Managements that can't beat their own estimates are a true joke .
    20 Jul 2012, 06:21 PM Reply Like
  •  
    The TOP is in or nearly in, that is my story and I'm sticking to it.
    The average decline in a recession is 40%.
    Decoupling? Funny, it has never happened for very long in 200 years based on Ken Fisher's charts in Wall Street Waltz.
    The U.S. is not immune to global declines.
    The Super Cycle of Debt is ending. They will Print because it's all the Pols know how to do - it is the least painful outcome but still very painful. We'll come out on the other end to start a new, Secular Bull market but not for a few years.
    20 Jul 2012, 07:08 PM Reply Like
  •  
    Ken Fisher just put out a very bullish view for H2 2012.

    He thinks all the bad news is 'in the prices'. I don't know that I agree.
    20 Jul 2012, 09:23 PM Reply Like
  •  
    I've followed Ken Fisher a bit for 10 years -- guess what? He has been bullish the entire time! He has to be otherwise he'd lose AUM and hurt his paycheck. He is brilliant, but a permabull, it is his job so he must be. He doesn't have any long/short or bear funds.
    21 Jul 2012, 07:10 AM Reply Like
  •  
    Please stop reporting only that XYZ beat estimates without also stating whether estimates had been raised or lowered. Also give increase/decease of earnings and revenues compared to most recent quarter and YOY. Only then will your readers have a meaningful picture of a companies performance.
    20 Jul 2012, 10:37 PM Reply Like
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