S&P 500 Positive Profit Surprises Trending Above 5-Year Average

With earnings season progressing, some 86% of S&P 500 companies have reported a positive profit-per-share surprise for the quarter, which is above the five-year average of 78%, according to John Butters, a senior earnings analyst from FactSet. S&P 500 companies are exceeding their earning per share estimates for the second quarter by 29.2% in aggregate, which is above the five-year average of 7%, FactSet found. The blended earnings growth rate for the quarter, which includes actual earnings and estimates for the index constituents is 50.4%, the highest growth rate since the second quarter 2021's 91.6%.