While Street Earnings[1] overstate profits for the majority of S&P 500 companies, as shown in Street Earnings Overstated for 70% of S&P 500 in 2Q23, there are many S&P 500 companies whose Street Earnings are lower than their 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 3Q23 earnings