I read the entire report from Factset (Earnings insight). the key highlights are
Key Metrics
– Earnings Scorecard: For Q1 2023 (with 97% of S&P 500 companies reporting actual results), 78% of S&P 500 companies has reported a positive EPS surprise and 76% of S&P 500 companies have reported a positive revenue surprise.
– Earnings Decline: For Q1 2023, the blended earnings decline for the S&P 500 is -2.1%. If -2.1% is the actual decline for the quarter, it will mark the second straight quarter that the index has reported a decline in earnings.
– Earnings Guidance: For Q2 2023, 63 S&P 500 companies have issued negative EPS guidance and 41 S&P 500 companies have issued positive EPS guidance.
– Valuation: The forward 12-month P/E ratio for the S&P 500 is 17.8. This P/E ratio is below the 5-year average (18.5) but above the 10-year average (17.3).
I read the entire report from Factset (Earnings insight). the key highlights are
Key Metrics
– Earnings Scorecard: For Q1 2023 (with 97% of S&P 500 companies reporting actual results), 78% of S&P 500 companies has reported a positive EPS surprise and 76% of S&P 500 companies have reported a positive revenue surprise.
– Earnings Decline: For Q1 2023, the blended earnings decline for the S&P 500 is -2.1%. If -2.1% is the actual decline for the quarter, it will mark the second straight quarter that the index has reported a decline in earnings.
– Earnings Guidance: For Q2 2023, 63 S&P 500 companies have issued negative EPS guidance and 41 S&P 500 companies have issued positive EPS guidance.
– Valuation: The forward 12-month P/E ratio for the S&P 500 is 17.8. This P/E ratio is below the 5-year average (18.5) but above the 10-year average (17.3).
The report is available at
https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_052623.pdf
Peter – Please talk about the way they have presented the view on PE ratios and earning Decline & Guidance.
Maybe, but you’ve been on the wrong side most of the last three years.