Quarterly Updates

LPL Financial Research Quarterly Earnings Season Dashboard

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Source: LPL Financial Research, FactSet 08/21/2020

 

Important Disclosures:

Note: Revenue and earnings growth statistics are a blend of actual results and FactSet consensus forecasts for companies that have not yet reported. Trailing earnings cover the four quarters ending Q2 2020 and include estimates for Q2 2020, while forward earnings cover the four quarters beginning Q3 2020.

Any revenue forecasts presented are based on FactSet consensus. Any earnings forecasts are based on FactSet consensus, plus the long-term historical average for upside to estimates of 3%.

Past performance is not indicative of future results.

The economic forecasts set forth may not develop as predicted.

All indexes are unmanaged and cannot be invested into directly.

 

Tracking #1-05047509

LPL Financial Research Q2 2020 Earnings Season Dashboard

  • S&P 500 Index earnings for the second quarter are tracking to a 32% year-over-year decline, an impressive 13 percentage points above estimates when earnings season began. Healthcare, technology, and utilities have produced positive earnings growth.
  • The earnings beat rate (82%) and average positive surprise (23%) are the highest since FactSet began tracking. Forward 12 months’ estimates have risen 1.5% since July 1, an indication that second-half estimates may be too low.

This Research material was prepared by LPL Financial, LLC.

 

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