Wall Street usually spends earnings season talking down the next quarter. This time it's doing the opposite.
More S&P 500 (^GSPC) companies are raising their profit outlooks than cutting them, and the gap is the widest in the Bloomberg Intelligence data that starts in 2011.
Analysts are lifting 2026 and 2027 estimates instead of trimming them, a reversal from the usual midyear markdown.
The beats are loud too.
Through July 22, roughly 93% of the companies that had reported topped estimates, per Fundstrat, against a 78% five-year average — what financial writer Mike Zaccardi called "a whopping 15.5% surprise."
#intelligence
More S&P 500 (^GSPC) companies are raising their profit outlooks than cutting them, and the gap is the widest in the Bloomberg Intelligence data that starts in 2011.
Analysts are lifting 2026 and 2027 estimates instead of trimming them, a reversal from the usual midyear markdown.
The beats are loud too.
Through July 22, roughly 93% of the companies that had reported topped estimates, per Fundstrat, against a 78% five-year average — what financial writer Mike Zaccardi called "a whopping 15.5% surprise."
#intelligence
6 days ago
