Spain has third biggest net percentage of companies, 70%, beating EPS estimates

Madrid stock marketSpain has third largest percentage of companies beating EPS estimates

Morgan Stanley | For the time being, the results season in Europe highlights the following:

  1. A strong quarter in terms of revenues, with 59% (in net) of companies beating consensus.
  2. The level of EPS beating is healthy, with 22% of companies beating consensus (in net).
  3. By size, the big caps are showing better trends in EPS, similar to that seen in Q2’22.
  4. The negative bias impact remains: -142bps of relative performance in the event of not meeting expectations vs +23bps in the event of beating them.
  5. By region, Spain has the third biggest net percentage of companies beating EPS, with 70%.
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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.