Improving growth expectations heading into Q2 earnings season can be partly explained by pre-announcement trends, with positive guidance from the Technology sector helping to drive the stronger outlook.
Of the 61 companies issuing positive guidance—the highest level since 2021— 42 have come from the Technology sector, compared with just four negative guidance announcements.
Within Technology, Hardware & Equipment leads with 20 positive guidance announcements, followed by Semiconductors & Semiconductor Equipment (11) and Software & Services (11).
With Technology expected to drive the bulk of earnings growth this quarter, positive guidance and improving analyst sentiment reinforce the earnings outlook, while leaving less room for disappointment.
Comments
Log in or sign up to join the conversation.