It's early innings in the current earnings season, with just 4% of S&P 500 companies having reported fourth-quarter 2021 earnings. According to FactSet data, 76% of those companies have reported actual EPS above estimates, while 90% have reported a positive revenue surprise. For Q4 2021, the blended earnings growth rate for the S&P 500 has clocked in at 21.
8%, which could mark the fourth straight quarter with earnings growth above 20% if the earnings trajectory remains unchanged. Of the Big Oil group, Hess Corp. (NYSE: HES) led things off…Oil Majors Expected To Post Strong Earnings Next Week
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