Only 24 companies reported earnings last week, and below is a snapshot of how they fared. While three of the four big companies (in yellow) that reported struggled following their reports, the majority actually did well. The average one-day change of the stocks that reported was +2.54%, and 75% of companies beat earnings estimates.
Mattress Firm (MFRM) did the best with a gain of 17.
As first-quarter earnings come to a close, I can’t help but point out that the majority of earnings reports we’ve covered over the past year have been better than expected. With so many companies reporting during the weeks that comp... Read Post
So far, 91 companies have reported 1Q results (28% of total S&P 500 market capitalization). 37% of companies reporting have beaten earnings estimates (below the historical average of 47%) and 13% have missed estimates (vs. average o... Read Post