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%, a multiple of 4.2 times the 5-year baseline of 7.0%. Net margins have reached 16.9%, marking an all-time peak, and even excluding Alphabet's $98 billion and Amazon's $53 billion in unrealized investment gains, year-over-year earnings growth remains at 32.0%.