Markets Face A Crucial Earnings Week As Tesla Reports
Coming off a new all-time closing high for the S&P 500 last Friday, it is the third-busiest week of first-quarter earnings season, with 94 S&P 500 companies scheduled to report. Importantly, one of the Magnificent Seven, Tesla Inc. (TSLA), is scheduled to release earnings. Beyond Tesla, notable companies scheduled to report include Boeing Co. (BA), ServiceNow Inc. (NOW), American Express Co. (AXP), 3M Co. (MMM), Chubb Ltd. (CB), and Gilead Sciences Inc. (GILD).
Earnings Season At A Glance
According to FactSet, 88% of S&P 500 companies are reporting earnings above consensus estimates, with 10% of companies having released results.
Earnings Estimates Show Steady Momentum
Companies reporting and combining actual results with consensus estimates for companies yet to report, the S&P 500’s blended earnings........
