Corporate earnings season is off to a roaring start

Favorable forecasts lead analysts to raise their projections for the year ahead

Corporate earnings season has begun, and the results are turning heads on Wall Street

Of the 120 companies in the S&P 500 index that reported numbers as of Friday, July 23, 89% of them beat the Street’s earnings-pershare estimates by an average of nearly 21%.

The robust results are leading Wall Street analysts to raise estimates for the third and fourth quarters as well as the first quarter 2022.

Earnings season occurs four times a year, and it’s the time when a majority of publicly traded companies release their quarterly financial reports. Companies often go into great detail about their business, and some provide guidance about what lies ahead.

Typically, earnings season starts several weeks after the calendar quarter comes to a close. For example, the second quarter’s earnings season began in mid-July, and the majority of companies are expected to release their earnings over the next six weeks.

If you hear any confusing commentary, please give us a call. We always welcome the chance to talk about what earnings may be saying about the overall economic outlook.

Richard H Mootz, CFP® CERTIFIED FINANCIAL PLANNER™ professional, is a Registered Representative of and offers securities through Securities America, Inc., a Registered Broker/ Dealer, member FINRA/ SIPC., Advisory Services offered through Securities America Advisors,

Inc., A SEC Registered Investment Advisory firm. Mootz Financial Solutions and Securities America Companies are not affiliated. Mootz can be reached at (530) 8777007 — by e-mail rick@ mootzfinancial.com or visit the website at www. mootzfinancialsolutions. com. Securities America and its advisors do not provide tax or legal advice. Please consult with your tax or legal professional regarding individual situation. Wall Street’s forecasts for Q3 and Q4 2021 and Q1 2022 are based on assumptions, subject to revision without notice. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change.