A Very Bullish Earnings Scorecard (4Q 2017)

01/29/18 02:53PM EST

Editor's Note: Below is a brief excerpt from this week's edition of Market Edges, our weekly macro newsletter. Click here to learn more about Market Edges.

A Very Bullish Earnings Scorecard (4Q 2017) - earnings

Let’s dig into Q417 Earnings Season update data: 

  • S&P 500: 133 companies have reported aggregate year-over-year EPS growth of +10.9%; 
  • NASDAQ 100: 25 companies have reported aggregate year-over-year EPS growth of +34.1%; 
  • Russell 2000: 259 companies have reported aggregate year-over-year EPS growth of +21.7%. 
  • Sales growth trends may be the ultimate, pure-play growth accelerating indicator. Running at +8.0% Y/Y, aggregate sales growth for the S&P 500 has so far beat estimates by 1.2%.

Our call on U.S. #GrowthAccelerating remains firmly intact.

Subscribe to Market Edges to understand the investing takeaways.

A Very Bullish Earnings Scorecard (4Q 2017) - market edges

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.