Earnings Per Share - Q3 Changes
This post looks at deltas of EPS in companies that posted Q3 earnings.
Earnings season was in full swing in the past 3 weeks with some companies benefitting from some macroeconomic changes - we discussed PSO in this regard but generally the uneasiness in the market remains as inflation and lack of consumer participation continues to be a major concern. In the below chart we map out the equities that reporting their Quarter3 earnings and compare them to Quarter 2 earnings - companies that are following the Calendar Year cycle.
We break the companies down in two sections - Financials and Non-Financials, simply because of the large number of companies in the financial sector that reported earnings. Unsurprisingly 30 of the 48 companies in the financials space reported a negative delta for their EPS, with ratio worsening for non-financial firms with 31 of 47 reporting a negative delta.
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