Quarterly Updates

LPL Financial Research Quarterly Earnings Season Dashboard



Source: LPL Financial Research, FactSet 1/15/2021


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 Q4 2020 and include estimates for Q4 2020, while forward earnings cover the four quarters beginning Q1 2021.

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 #1-05101033

LPL Financial Research Q4 2020 Earnings Season Dashboard

  • Earnings season is off to a very strong start relative to expectations. Only about 5% of S&P 500 companies have reported results, but 96% have beaten estimates.
  • Forward 12 months’ estimates have already increased by 0.5% since January 1, 2021. Stability of estimates is key to enabling stocks to grow into lofty valuations.

This Research material was prepared by LPL Financial, LLC.


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