While Street Earnings[1] overstate profits for the majority of S&P 500 companies, as shown in Street Earnings Overstated for 73% of S&P 500 in 1Q23, there are many S&P 500 companies whose Street Earnings are lower than their true Core Earnings[2].
This report shows:
- the frequency and magnitude of understated Street Earnings in the S&P 500
- five S&P 500 companies likely to beat 2Q23 earnings