Earnings Season Is Off To An Ugly Start

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, April 22, 2013 Earnings Season Is Off To An Ugly Start Through Friday, 104 companies (33% of the market cap) of the S&P 500 have announced there Q1 2013 financial results. While it's still very early into the earnings announcement season, the early tally is not very encouraging. The analysts at Goldman Sachs have compared the earnings announcement surprises to the surprises seen in the last 40 quarters (10 years). "Positive earnings surprises are tracking below average this quarter (36% vs. 47%)," said Goldman's David Kostin. "The percentage of firms missing earnings estimates by one standard deviation or more is also below the 40 quarter average (13% vs. 15%) implying more firms have reported results in- line with consensus expectations." As you can see, there have only been two quarters in the past 40 quarters with a few percentage of companies beating estimates. Read » Also On Money Game Today: An Ominous Market Indicator Appears To Be Confirming The Dreaded Third Top FINANCIAL ADVISOR INSIGHTS: David Rosenberg Said The Housing Recovery Is Over Advertisement CHART OF THE DAY: Apple Is The Entire Reason Why Tech Earnings Are Falling CHART OF THE DAY: The S&P Falls Beneath A Horizontal Line And A Diagonal Line CHART OF THE DAY: Apartment Construction Is Reaching 'Dangerous Levels' Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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