Quarterly Updates

LPL Financial Research Quarterly Earnings Season Dashboard



Source: LPL Financial Research, FactSet 02/21/2020


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 Q4 2019 and include estimates for Q4 2019, while forward earnings cover the four quarters beginning Q1 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.


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LPL Financial Research Q4 2019 Earnings Season Dashboard

  • With 441 S&P 500 Index companies having reported, S&P 500 earnings growth for Q4 2019 is tracking to a roughly 1% year-over-year increase, well above the 2.4% estimated decline as of January 20. Revenue growth of 3.5% represents a 0.9% upside surprise.
  • S&P 500 earnings estimates for 2020 have fallen by only 0.8% since December 31, less than the historical average, helping to solidify the earnings outlook despite the coronavirus outbreak. Technology sector estimates have been especially resilient.

This Research material was prepared by LPL Financial, LLC.


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