Quarterly Updates

LPL Financial Research Quarterly Earnings Season Dashboard



Source: LPL Financial Research, FactSet 07/31/2020


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 #1-05040011

LPL Financial Research Q2 2020 Earnings Season Dashboard

  • S&P 500 Index earnings for the second quarter are tracking to a 36% year-over-year decline, a solid 9 percentage points above estimates when earnings season began and up 6–7 points over the past week.
  • The earnings beat rate (82%) and average positive surprise (22%) are both well above historical averages. Forward 12 months’ estimates impressively rose nearly 2% in July.

This Research material was prepared by LPL Financial, LLC.


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