"With 63% of S&P 500 companies reporting so far, 84% have beaten EPS estimates, well above the five-year average of 78% and the 10-year average of 76%."
"The blended earnings growth rate now stands at 27.1%, up sharply from 13.1% at the end of March."
"We're seeing the highest percentages of S&P 500 earnings calls citing the terms 'Middle East' and 'oil' going back at least five years, to 2021."
"About 65% of S&P 500 earnings calls have cited the term 'AI' so far, slightly below the previous quarter's 68%."
Q1 earnings season is performing better than anticipated, with 84% of S&P 500 companies surpassing EPS estimates. The blended earnings growth rate has risen to 27.1%. Analysts project continued growth for Q2 through Q4, with rates of 21.3%, 23%, and 20.6%. Earnings calls are increasingly mentioning terms like 'Middle East' and 'oil', indicating caution. Additionally, 65% of calls referenced 'AI', marking the second-highest occurrence in five years, following a peak of 68% in the previous quarter.
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