Positive Surprise From S&P 500 Third Quarter Earnings

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Mani
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Updated on

Third quarter earnings from the S&P 500 (INDEXSP:.INX) have positively surprised thanks to financials and higher than expected margins. Amanda Sneider and her team at Goldman Sachs feel third quarter EPS is on track to establish a new quarterly and trailing four-quarter high. More sales misses than usual Goldman Sachs analysts point out that despite more sales misses than usual, aggregate sales results are in line with expectations. The analysts believe the market has been less likely to reward sales and earnings beats in 2013 compared to 2011 and 2012. Between 2011 and 2012, 62% of stocks that beat earnings estimates…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports