Post-it Manufacturer 3M Sticks Landing While Ford Tanks: Biggest Beats And Misses From Earnings Season So Far
The U.S. market is in the thick of second-quarter earnings releases, with about half of the SPDR S&P 500 ETF Trust (NYSE:SPY) issuing quarterly reports thus far.
Here’s all you need to know about companies’ performances and how Wall Street has reacted.
Broad Market Data: S&P Global and Factset recapped the first half of earnings season in a report issued July 26.
Of the first 41% of S&P 500 companies that had reported earnings, 78% reported a positive earnings surprise and 60% surprised on revenue.
For the companies that have reported so far, the second quarter, year-over-year earnings growth rate for the S&P 500 is 9.8%. Still, the S&P 500 has a historically high forward PE ratio of 20.6.
Since the first quarter of 2024, net margins increased in the real estate, information technology, utilities and energy sectors. They decreased for financial, industrial, healthcare and consumer discretionary companies.
On an EPS basis, here’s how individual sectors …
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