The S&P 500 earnings season has kicked off with 88% of the first 50 reporting companies beating earnings per share estimates, marking the strongest first-week performance in more than three years and running 20 percentage points above the long-term historical average of 68%. Additionally, 82% of companies exceeded sales expectations, while 76% beat on both the top and bottom lines. Sector results showed broad resilience, with financials, health care, and real estate achieving perfect 100% EPS beat rates among early reporters, industrials at 86%, and tech at 83%, while consumer staples posted a 60% EPS beat rate but perfect sales performance, and communication services lagged with its sole reporter missing estimates. The earnings calendar intensifies this week with key releases from 3M, Alphabet, Tesla, Philip Morris, Intel, RTX, and Verizon.
Alphabet Inc Class C
3M Company
Intel Corporation
Philip Morris International Inc
RTX Corporation
Tesla Inc
Verizon Communications Inc