Saturday, February 10, 2018

Charts of the Day: Earnings Results Thus Far

While you wouldn't know it by recent price action, the current earnings season -- with over a thousand U.S. companies having issued their Q4 results -- thus far ranks among the best since the early 2000s.

70% have bested analysts' earnings estimates, while 73.4% have beaten on the top line:

Not to mention, forward guidance, which is really what we're after, has been historically stellar as well:

Throw in our assessment of macro conditions and you understand our presently sanguine tone...

Charts courtesy of Bespoke Investment Group

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