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Are You Protected As Earnings Sour?

We‚Äôre hip deep in corporate earnings this week. More than 1,000 companies are sharing their quarterly results with us. We entered the week with overall earnings reports producing a mixed bag — IBM (IBM) missed due to weakness in Asia, while Del Frisco‚Äôs (DFRG) and Darden International (DRI) cited weak consumer spending and restaurant traffic for falling short.

There were some high fliers last week in the form of General Electric (GE) and Chipotle Mexican Grill (CMG), but at best corporate earnings for the September quarter have been mixed thus far. According to FactSet, of the 97 S&P 500 companies that have reported their earnings through last week, 69% announced actual earnings per share (EPS) above the mean EPS estimate and 31% have reported actual EPS below the estimated mean EPS. Compared to the last four years, that’s below the 73% of companies that reported actual EPS above the mean EPS estimate.

Read more about how corporate earnings reports affect you.

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archive

Are You Protected As Earnings Sour?

We‚??re hip deep in corporate earnings this week. More than 1,000 companies are sharing their quarterly results with us.

We‚??re hip deep in corporate earnings this week. More than 1,000 companies are sharing their quarterly results with us. We entered the week with overall earnings reports producing a mixed bag — IBM (IBM) missed due to weakness in Asia, while Del Frisco‚??s (DFRG) and Darden International (DRI) cited weak consumer spending and restaurant traffic for falling short.

There were some high fliers last week in the form of General Electric (GE) and Chipotle Mexican Grill (CMG), but at best corporate earnings for the September quarter have been mixed thus far. According to FactSet, of the 97 S&P 500 companies that have reported their earnings through last week, 69% announced actual earnings per share (EPS) above the mean EPS estimate and 31% have reported actual EPS below the estimated mean EPS. Compared to the last four years, that‚??s below the 73% of companies that reported actual EPS above the mean EPS estimate.

Read more about how corporate earnings reports affect you.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Chris Versace is a financial columnist and equity analyst with more than 18 years of experience in the investment industry. He has been ranked an All Star Analyst by Zacks Investment Research and his efforts in analyzing industries, companies and equity securities have been recognized by both Institutional Investor and Thomson Reuters‚?? StarMine Monitor. He‚??s frequently published in The Washington Times and is a frequent contributor to the daily radio show ‚??America‚??s Morning News‚?Ě and ‚??America‚??s Radio News‚?Ě. He has been quoted in the Wall Street Journal, Investor‚??s Business Daily, The Street, USA Today and other publications. In addition, he can be frequently seen on television‚??s ‚??Fox Business‚?Ě show.

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