“Of the 60 companies that have reported so far (12% of the S&P 500): Overall, 73% are beating estimates, and those that “beat” are beating by a median of 5%.” @fundstrat
BofA: Companies which have beaten on both EPS and sales have outperformed the S&P 500 by 0.5ppt the following day, below the historical average of 1.5ppt – suggesting 1Q results matter less amid looming uncertainty over tariffs
#Earnings scorecard Just 12% of S&P 500 companies have reported first quarter earnings thus far, but the early sampling has been weaker than average. Data from FactSet shows 71% of S&P 500 companies have reported earnings per share above Wall Street's estimates, below the
As of mid-April 2025, approximately 12% of S&P 500 companies have reported their first-quarter earnings. According to FactSet data, 71% of these companies have posted earnings per share (EPS) above Wall Street estimates, though this figure is below the five-year average of 77%. The companies that beat EPS estimates are doing so by a median margin of 5%. Year-over-year revenue growth for the S&P 500 in Q1 stands at 4.3%, slightly below the projected 4.4%. Bank of America noted that companies surpassing both EPS and sales expectations have outperformed the S&P 500 by 0.5 percentage points the following day, which is below the historical average of 1.5 percentage points. This suggests that first-quarter results may have less impact on market performance amid ongoing uncertainties, including concerns over tariffs.