The first quarter earnings season for 2014 will close this Thursday after Kroger KR reports at 8:30 AM EST. So far for CQ1 2014, 67 percent of the 498 companies in the S&P 500 have reported earnings better than street expectations. Q2 earnings expectations are 7.1 percent stronger than results for Q1, which is down from 8.5 percent as of April 1, 2014. Sectors leading the growth trend include Telecommunications +36.67 percent, Materials +15.59 percent, and Energy +11.96 percent.
Touching upon company delivered guidance, of the 120 S&P 500 constituents that have reported guidance, 105 are negative, 14 are positive, and one is in-line, according to analysts at Capital IQ.
Top Ten Companies With largest Y/Y Expected Growth For CQ2 2014:
Top Ten Companies With largest Y/Y Expected Decline For CQ2 2014
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