Investing.com: Earnings Growth Improves as Investors Ready Themselves for Retailers
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- S&P 500 blended EPS growth for Q4 increases for the first time in 3 weeks, now expected to come in at -4.9%
- Peak earnings season rolls on this week with 1,276 global companies expected to report, as investors start to focus on Consumer Discretionary names
- Potential surprises this week: BIIB
Last week US companies continued to report for the fourth quarter. The earnings season hasn’t been terrible thus far, but by no stretch of the imagination has it been wonderful either. Some standouts last week were within the consumer discretionary sector which gave some clues on the state of the US consumer, and provided a good backdrop for upcoming retail earnings.