The Seasons, They Go Round & Round

The Q1 reporting season should be a good one, with plenty of S&P 500 companies exceeding analysts’ expectations, Joe reports. His analysis of patterns in estimate revisions as reporting seasons approach shows the stage is set for another “earnings hook,” denoting an upside surprise. … Also boding well are the impressive results of early reporters with quarters ending in February. The greater number reporting earnings growth than revenues growth suggests improved efficiency and profit margins. … We’ve reassessed our own forecasts for S&P 500 EPS, valuation, and price targets and are making no changes. … And: Melissa reports on Canada’s lackluster economy.