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ACTUAL U.S. EPS GROWTH SO FAR FOR Q1 REPORTS BELOW AVERAGE
Actual EPS growth for the 17 S&P 500 .SPX companies that have reported on the first-quarter so far is at 3.26%, with 59% of reports beating analysts' expectations, according to Nick Raich, CEO of The Earnings Scout, an independent research firm.
That 3.26% is well below the average gain of 11.82% for the past three years for those same companies at this point in a reporting period, and down from 5.21% for those companies for the fourth-quarter earnings season, his data shows.
While there is no evidence that a U.S. recession is imminent, "what is evident is that actual EPS growth is slowing," Raich writes.
"While most investors agree tariffs will hurt earnings, the debate lies in their long-term impact," he notes.
So far, 59% of the reports are beating analyst earnings expectations compared with the three-year average beat rate of 83%, his data showed.
(Caroline Valetkevitch)
FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:
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TRUMP'S TARIFF THREAT A SILVER LINING FOR INDIA? - CLICK HERE
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IF NEW HIGHS ARE IN THE CARDS, NYSE COMPOSITE MIGHT HAVE THE UPPER HAND - CLICK HERE
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DIFFICULT DAYS ARE BACK FOR DOLLAR BEARS - CLICK HERE
DECLINES AS HEALTHCARE AND AUTOS LEADS LOSSES - CLICK HERE
EUROPE BEFORE THE BELL: GAINS AHEAD OF UK BUDGET UPDATE - CLICK HERE
LOOKING TO APRIL 2 WITH TREPIDATION - CLICK HERE