S&P 500 Posts Biggest Earnings Beat Ever
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- S&P 500 earnings season shows 86% of reporting firms have topped EPS estimates, with 79% posting year-over-year profit growth, per Seeking Alpha's Earnings Scoreboard
- S&P 500 has posted its biggest earnings beat ever even after stripping out Alphabet and Amazon, per 24/7 Wall St., suggesting the strength extends well beyond two of the index's heaviest weights
Why it matters: An 86% beat rate is historically high, and 24/7 Wall St.'s finding that the S&P 500's aggregate earnings beat is the largest on record even without Alphabet and Amazon means the rally rests on broad-based corporate profitability, not concentration in a handful of mega-cap names. For portfolio managers, that distinction matters: a wide beat-rate foundation is harder to unwind than one carried by two stocks.
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