EC Taking Stock Of Small-Cap Earnings

This variance is even clearer when we compare the Q2 blended beats percentages, the proportion of these companies beating both EPS and revenue estimates, to other recent periods

Blended Beats % for S&P 600.

Zacks Investment Research

Image Source: Zacks Investment Research

Blended Beats % for S&P 500.

Zacks Investment Research

Image Source: Zacks Investment Research

Looking at Q2 as a whole for the small-cap index, combining the actual results that have come out with estimates for the still-to-come companies, total S&P 600 earnings are on track to be up +250.5% on +32.8% higher revenues.

Zacks Investment Research

Image Source: Zacks Investment Research

The chart below shows the year-over-year earnings growth rates for the small-cap index on a trailing four-quarter basis.

Zacks Investment Research

Image Source: Zacks Investment Research

The chart below shows the small-index’s earnings picture on an annual basis.

Zacks Investment Research

Image Source: Zacks Investment Research

A big part of this year’s growth is a result of easy comparisons to last year’s Covid impacted results. But as you can see in the chart below, 2021 earnings are on track to be up +29% from the pre-Covid 2019 level.

Zacks Investment Research

Image Source: Zacks Investment Research

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We provide plenty of coverage for what’s happening with the large-cap earnings picture, the latest being this week’s Earnings Trends report  more

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