Featured Market Data
Strong Quarterly Earnings Growth
With first quarter earnings season nearly complete, S&P 500 companies reported 12.9% earnings growth. This was the second straight quarter of double-digit growth. Earnings growth breadth was strong with 8 of 11 sectors growing. However, the Magnificent 7 continued to lead including strong growth from Nvidia. For the remaining 493 companies, quarterly earnings growth was a somewhat lighter 9.4%. Earnings exceeded forecasts at the beginning of the quarter as 78% of companies reported positive earnings surprises. A somewhat above average number of companies reported negative EPS guidance and companies such as Walmart indicated they plan to increase prices due to tariffs to meet earnings guidance.
Source: Bloomberg, FactSet
