Quarterly Updates

LPL Financial Research Quarterly Earnings Season Dashboard

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Source: LPL Financial Research, FactSet 11/20/2020

 

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 Q3 2020 and include estimates for Q3 2020, while forward earnings cover the four quarters beginning Q4 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 Q3 2020 Earnings Season Dashboard

  • With only 22 S&P 500 Index companies left to report, third quarter earnings for the index are on track to fall just 6% year-over-year, more than 15 percentage points above September 30 estimates on near-record-high beat rates for the top and bottom lines.
  • Forward 12 months’ estimates have increased by 2.2% since September 30, bucking the long-term pattern of reductions during reporting season and setting up a strong earnings rebound in 2021.

This Research material was prepared by LPL Financial, LLC.

 

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