finance): Seventy percent of S&P 500 companies are beating analysts' expectations for earnings so far and first-quarter earnings have risen 0.02% from a year ago. On April 1, analysts' consensus forecast was for a 2.9 percent profit decline. Bespoke Investment wrote on April 24 "so far this earnings season, 67% of the companies that have reported have beaten consensus bottom-line earnings estimates. For top-line revenues, 52% of companies have beaten estimates" (bespoke).
It seems the analysts have been too pessimistic and underestimated the company`s capability to squeeze out rising profits even in a sluggish economic environment. These under-estimates are not new. Since at least 1999 the majority of US companies have been beating the analyst`s profit expectations, around 60% on average (bespoke).