Street Earnings Overstated For 67% Of S&P 500 Companies In Q1 2022

Summary

• For 333 companies in the S&P 500, Street Earnings overstate Core Earnings for the trailing-twelve-months (TTM) ended calendar 1Q22.
• The 333 companies with overstated Street Earnings make up 70% of the market cap of the S&P 500.
• This report shows five S&P 500 companies with overstated Street Earnings and an Unattractive-or-worse Stock Rating.

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GAAP Earnings exaggerated the drop in 2020 and overstated the rebound in S&P 500 earnings in 2021. In the trailing-twelve-months (TTM) ended 1Q22, GAAP earnings continue to overstate the growth reflected in Zacks Earnings, which are

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.