Guidance Is Also Strong

Just like the earnings beat rate this quarter, the percentage of companies raising guidance versus lowering guidance is also strong.  As shown below, 12.6% of companies that have reported earnings this season have raised guidance, while just 2% have lowered guidance.  In the prior two quarters, we saw positive guidance outnumber negative guidance, but the current spread this quarter would beat them handily.  This number is likely to come in some as earnings season progresses, but for now, guidance looks good.

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Comments

[Monica]

Expectations are to high!