S&P 500 Earnings Update: Q3 ’21 Results Solid; 2022 Should Return To Average

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With the Large 5 mega-cap tech names reporting this previous week, the adjustments within the estimates for 2021 and 2022 have been nothing just like the weekly adjustments we noticed between July twenty third and July thirtieth, of this yr, which was when the Large 5 all reported in a single week within the 2nd quarter of 2021.

That being stated, the change subsequent week will inform us extra since each Amazon (NASDAQ:) and Apple (NASDAQ:) reported on Thursday night time, 10/28/21, after the closing bell, and the info cutoff for IBES knowledge by Refinitiv is Thursday night time, so the 2 giants and the following EPS and income revisions may not be included in present estimates.

All that being stated:

S&P 500 Q3-This autumn EPS Income Progress Charges

Word the rise within the “anticipated” EPS progress price for Q3 ’21 after which the 60 bp improve in anticipated Q3 ’21 income progress.

Analysts—and possibly for good motive now—regardless of the respectable third quarter outcomes, are nonetheless reluctant to spice up This autumn ’21 and 2022 numbers.

15% income progress and 38% EPS progress y.y (anticipated) continues to be a reasonably good quarter for Q3 ’21.

2022 is wanting much more “regular” proper now by way of historic EPS and income progress.

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