S&P 500 companies are beating EPS estimates by 29.2%, over 4x the 5-year average, with net margins at all-time highs of 16.9%.
Macro & Markets ·
S&P 500 companies are outpacing earnings-per-share forecasts by 29.2%, roughly 4.2 times higher than the 5-year average of 7.0%. Net profit margins across the index have reached 16.9%, described as an all-time high, and even after excluding Alphabet's $98 billion unrealized equity gain and Amazon's $53 billion Anthropic investment gain, year-over-year earnings growth remains at 32.0%.