SP500 earnings scorecard: Q2 yOY Revenue Growth tops 13.7%
Per Refinitive:
“Of the 474 companies in the S&P 500 that have reported earnings to date for 22Q2 77.8% reported above analyst expectations. This compares to a long-term average of 66%.
The 22Q2 Y/Y blended revenue growth estimate is 13.7%. If the energy sector is excluded, the growth rate for the index is 8.5%.”
Why it matters: Year over year inflation rose 8.5% from summer 2021 to 2022.
Corporate revenue has grown even quicker.
Owning the businesses which are raising the prices has proven to be the best way to keep pace with (or beat) inflation.
Same as it ever was.