Overall Recap
Of the companies that reported last week, 54% beat EPS expectations and 44% missed EPS expectations. In addition, 50% beat Revenue expectations and 50% missed Revenue expectations.
The company who beat EPS expectations by thelargest amount was Galapagos NV (GLPG.AS) with a positive 145.3%surprise. The company who missed EPS expectations by the largest amountwas Saipem SpA (SPMI.MI) with a negative -77.8% surprise.
The company who beat Revenue expectations by the largest amount was Galapagos NV (GLPG.AS) with a positive 57.3% surprise. The company who missed Revenue expectations by the largest amount was Total SA (TOTF.PA) with a negative -92.1% surprise.
REUTERS DATA
- Third quarter earnings are expected to increase 14.2% from Q3 2017. Excluding the Energy sector, earnings are expected to increase 10.4%.
- Third quarter revenue is expected to increase 5.9% from Q3 2017. Excluding the Energy sector, revenues are expected to increase 1.8%.
- 125 companies in the STOXX 600 have reported earnings to date for Q3 2018. Of these, 48.0% reported results exceeding analyst estimates. In a typical quarter 50% beat analyst EPS estimates.
- 140 companies in the STOXX 600 have reported revenue to date for Q3 2018. Of these, 51.4% reported revenue exceeding analyst estimates. In a typical quarter 54% beat analyst revenue estimates.
- During the week of November 5, 72 STOXX 600 companies are expected to report quarterly earnings.