Four Takeaways From This Earnings Season: Consumers, Brexit, FX And Margins

We’re more than halfway through the second quarter earnings season, and so far the figure reported have been relativity upbeat. With substantially all of the companies in the S&P 500 now having reported earnings according to FactSet, 69% have reported earnings above the mean estimate, and 54% have reported sales above the mean estimate. The blended earnings decline is 3.5%.  Analyst Expect S&P 500 Earnings to Sink for Q3 Heading into the earnings season, many analysts were predicting a dismal quarter but many companies have announced results that met or beat consensus expectations. Whether this was a result of lower expectations or…