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Friday
Jul222011

Guidance Numbers Not Looking So Great

DateFriday, July 22, 2011 at 10:54AM

As we noted in our last post, the percentage of companies that have beaten earnings and revenue estimates this earnings season has been pretty strong.  Guidance, on the other hand, has been awful.  Of the 345 companies that have reported, 5.8% have raised guidance, while 6.1% have lowered guidance. 

Below is a chart showing the difference between the percentage of companies raising guidance and lowering guidance by quarter going back to 2002.  If earnings season were to end today, the reading of -0.3 would be the first negative reading seen since the first quarter of 2009.

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