71% of Companies are Beating Estimates, below the 5&10 Year Averages
@Tiger_Earnings：
US companies endure record knock for missing earnings forecasts.Groups that disappointed on both profit and sales have underperformed the market by almost 7%.Overall, 85% of the companies in the S&P 500 have reported actual results for Q3 2022 to date. Of these companies, 70% have reported actual EPS above estimates, which is below the 5-year average of 77% and below the 10-year average of 73%. In aggregate, companies are reporting earnings that are 1.9% above estimates, which is well below the 5-year average of 8.7% and well below the 10-year average of 6.5%.During the past week, positive earnings surprises reported by companies in multiple sectors (led by the Health Care and Energy sectors) were mostly offset by negative earnings surprises reported by companies in the Financials, Com
