FACTSET

Higher-Than-Average Number of Companies Beating Earnings Estimates

Retrieved on: 
Tuesday, May 10, 2022
Aurora, Second, Health care, Public expenditure, Information technology, Treasurer, PALM, Wall Street, Consumer, Yoy, SEC, Securities Exchange Act of 1934, CEO, Technology, Sport, Net, DASH, Forward-looking statement, Adjustment, NOT, NASDAQ, NYSE, Securities Act of 1933, MGM, Karamba, Millennials, ANY, Letter, News, Research, U.S. Securities and Exchange Commission, Private Securities Litigation Reform Act, NEVER, Generation Z, Time, Security (finance), Communication services sector reshuffle, LeoVegas, Sale, Intellectual property, EPS, Growth, Acquisition, MORE, FNM, Annual report, FACTSET, Review, Webcast, NEWS, Investor relations, Form 10-K, DoorDash, Income, Index, Generation, Information technology industry in New Zealand, MGM Resorts International, Renewable energy, Public relations, Video game, Bank, Cloudflare, Uber

PALM BEACH, FL, May 10, 2022 /PRNewswire/ -- It is earnings season on Wall Street where companies across the board report results for the first quarter of 2022. Overall, 55% of the companies in the S&P 500 have reported actual results for Q1 2022 to date. Of these companies, 80% have reported actual EPS above estimates, which is above the five-year average of 77%. In aggregate, companies are reporting earnings that are 3.4% above estimates, which is below the five-year average of 8.9%. According to an article on FACTSET said that there are a higher-than-average number of companies beating estimates. The article said: which said: "At this point in time, the percentage of S&P 500 companies beating EPS estimates is above the five-year average, but the magnitude of these positive surprises is below the five-year average. As a result, the index is reporting higher earnings for the first quarter today relative to the end of last week and relative to the end of the quarter. However, the index is also reporting single-digit earnings growth for the first time since Q4 2020. The lower earnings growth rate for Q1 2022 relative to recent quarters can be attributed to both a difficult comparison to unusually high earnings growth in Q1 2021 and continuing macroeconomic headwinds."  Active companies in the markets today with current earnings out include:  EBET, Inc. (NASDAQ: EBET), Uber Technologies, Inc. (NYSE: UBER), Cloudflare, Inc. (NYSE: NET), DoorDash Inc. (NYSE: DASH), MGM Resorts International (NYSE: MGM).

Key Points: 
  • Of these companies, 80% have reported actual EPS above estimates, which is above the five-year average of 77%.
  • In aggregate, companies are reporting earnings that are 3.4% above estimates, which is below the five-year average of 8.9%.
  • According to an article on FACTSET said that there are a higher-than-average number of companies beating estimates.
  • The blended (combines actual results for companies that have reported and estimated results for companies that have yet to report) earnings growth rate for the first quarter is 7.1% today, compared to an earnings growth rate of 6.5% last week and an earnings growth rate of 4.7% at the end of the first quarter (March 31).

Higher-Than-Average Number of Companies Beating Earnings Estimates

Retrieved on: 
Tuesday, May 10, 2022
Aurora, Second, Health care, Public expenditure, Information technology, Treasurer, PALM, Wall Street, Consumer, Yoy, SEC, Securities Exchange Act of 1934, CEO, Technology, Sport, Net, DASH, Forward-looking statement, Adjustment, NOT, NASDAQ, NYSE, Securities Act of 1933, MGM, Karamba, Millennials, ANY, Letter, News, Research, U.S. Securities and Exchange Commission, Private Securities Litigation Reform Act, NEVER, Generation Z, Time, Security (finance), Communication services sector reshuffle, LeoVegas, Sale, Intellectual property, EPS, Growth, Acquisition, MORE, FNM, Annual report, FACTSET, Review, Webcast, NEWS, Investor relations, Form 10-K, DoorDash, Income, Index, Generation, Information technology industry in New Zealand, MGM Resorts International, Renewable energy, Public relations, Video game, Bank, Cloudflare, Uber

PALM BEACH, FL, May 10, 2022 /PRNewswire/ -- It is earnings season on Wall Street where companies across the board report results for the first quarter of 2022. Overall, 55% of the companies in the S&P 500 have reported actual results for Q1 2022 to date. Of these companies, 80% have reported actual EPS above estimates, which is above the five-year average of 77%. In aggregate, companies are reporting earnings that are 3.4% above estimates, which is below the five-year average of 8.9%. According to an article on FACTSET said that there are a higher-than-average number of companies beating estimates. The article said: which said: "At this point in time, the percentage of S&P 500 companies beating EPS estimates is above the five-year average, but the magnitude of these positive surprises is below the five-year average. As a result, the index is reporting higher earnings for the first quarter today relative to the end of last week and relative to the end of the quarter. However, the index is also reporting single-digit earnings growth for the first time since Q4 2020. The lower earnings growth rate for Q1 2022 relative to recent quarters can be attributed to both a difficult comparison to unusually high earnings growth in Q1 2021 and continuing macroeconomic headwinds."  Active companies in the markets today with current earnings out include:  EBET, Inc. (NASDAQ: EBET), Uber Technologies, Inc. (NYSE: UBER), Cloudflare, Inc. (NYSE: NET), DoorDash Inc. (NYSE: DASH), MGM Resorts International (NYSE: MGM).

Key Points: 
  • Of these companies, 80% have reported actual EPS above estimates, which is above the five-year average of 77%.
  • In aggregate, companies are reporting earnings that are 3.4% above estimates, which is below the five-year average of 8.9%.
  • According to an article on FACTSET said that there are a higher-than-average number of companies beating estimates.
  • The blended (combines actual results for companies that have reported and estimated results for companies that have yet to report) earnings growth rate for the first quarter is 7.1% today, compared to an earnings growth rate of 6.5% last week and an earnings growth rate of 4.7% at the end of the first quarter (March 31).

Equilar Corporate Leadership Data Launched on Open:FactSet Marketplace

Retrieved on: 
Tuesday, May 25, 2021
Consulting, Data management, Professional services, Technology, Human resources, Financial data vendors, FactSet, Finance, Companies, Equilar, FactSet, EQUILAR, FACTSET

Equilar, the leading provider of corporate leadership data solutions, announced today that it has established three new data feeds, including corporate leadership and relationship data, on the Open:FactSet Marketplace.

Key Points: 
  • Equilar, the leading provider of corporate leadership data solutions, announced today that it has established three new data feeds, including corporate leadership and relationship data, on the Open:FactSet Marketplace.
  • We are thrilled to be working with FactSet to introduce corporate leadership, human capital and ESG data feeds to our shared clients.
  • Equilar is a great addition to the Open:FactSet Marketplace and our human capital data initiatives, said Lauren Stevens, Senior Vice President, Open:FactSet Strategy, FactSet.
  • Equilar is the leading provider of corporate leadership data solutions.