Read the full article on Nasdaq.com.
Excerpt:
Earnings season has kicked off with extremely strong growth and the expectations of positive numbers from most companies, reports CNBC.
Earnings are showing their strongest rate of growth since 2009 and the post-Great Recession recovery. On average, companies have managed to beat their analysts’ estimates of earnings by 3-5%, but for the last four quarters, they have done so by a minimum of 12%.
So far, it looks as though markets are on track to continue the trend.
While it is important to note that Q2 earnings are being compared to the height of the COVID-19-related economic shut-down, overall hopes are high for still-impressive numbers.
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