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European Aggregate Estimates and Revisions

• First-quarter earnings are expected to increase by 7.3% from Q1 2022. Excluding the Energy sector, earnings are expected to increase by 10.3%.
• First-quarter revenue is expected to increase by 0.7% from Q1 2022. Excluding the Energy sector, revenues are expected to increase by 1.7%.
• 254 companies in the STOXX 600 have reported earnings to date for Q1 2023. Of these, 65.0% reported results exceeding analyst estimates. In a typical quarter 53% beat analyst EPS estimates.

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