TOP GROWTH SECTOR
The term “COVID” was mentioned at least once during the earnings conference calls of 462 S&P 500 companies from June 15 through Aug 24.
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HOT TOPIC
KEY TAKEAWAY
GUIDANCE
53 S&P 500 companies provided EPS guidance for Q2
The S&P 500 reported a decline in earnings of -31.9%
-35.4%
The Utilities sector reported the highest earnings growth of all 11 sectors in the S&P 500 at 9%.
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GAAP VS. NON-GAAP
For the 23 DJIA companies reporting non-GAAP EPS, the median difference between non-GAAP and GAAP was 8.4%.
This was the largest earnings
decline since Q1 2009
This was well below the
five-year average of 106
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27
PERCENT
COVID-19
EARNINGS BY THE NUMBERS | Q2/2020
+9%
84% of S&P 500 companies reported actual EPS above estimated EPS—the highest percentage since FactSet began tracking this metric in 2008.
S&P 500
companies exceeding
EPS estimates
84%
