FactSet Earnings Insight - 20-November

FactSet Senior Earnings Analyst John Butters provides an update of the key metrics for the third quarter earnings season for the S&P 500. Overall, with 95% of the companies in the S&P 500 reporting actual results for Q3, 84% have reported actual EPS above estimates. The S&P 500 is reporting a year-over-year decline in earnings of -6.3% for the third quarter. Three industries are reporting unusually large year-over-year declines in earnings for the quarter: The Oil, Gas, and Consumable Fuels industry, the Airlines industry, and the Hotels, Restaurants, & Leisure industry. If these three industries were excluded, the S&P 500 would be reporting year-over-year growth in earnings of 4.3%.