Earnings season is well under way, and 54 per cent of companies in the S&P 500 have reported earnings so far. Of these, 61 per cent have reported better than expected earnings, while 28 per cent reported a negative surprise, and 11 per cent reported earnings in line with expectations.
With 47 per cent of the S&P 1500 reporting earnings between February 7 and March 19, Citi analysts Keith Miller, Hong Li and Peter Lo put together a list of companies that are projected to have positive and negative earnings surprises in the coming weeks.
First the list of companies with a market cap of $1 billion or more, that are expected to have a positive earnings surprise:
Now here are Citi’s negative earnings surprise candidates with a market cap of $1 billion and over: