Part 2

A Primer on Earnings Season—The True Driver of Stock Returns - Part 1

First, we will dissect the blue box at the top. 

As it says, this is the first quarter’s (1Q25), street consensus for earnings-per-share for the S&P 500, which is a key input for calculating price targets. We track how EPS moves by comparing the estimates at the end of the previous quarter, noted in the first line, and then seeing where the estimates are in the next quarter. This is in the second line. 

The percentage change line calculates whether earnings are coming ...

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A Primer on Earnings Season—The True Driver of Stock Returns
3 Lessons
~6 mins in total
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