Earnings season is off to a roaring start. After 14% reported, S&P 500 companies are reporting +19.6% YoY EPS growth.

According to Standard and Poor's Global, the owner of the S&P 500 Index, GAAP 3Q EPS for component companies has increased a whopping +19.6% YoY.

https://i.imgur.com/EJTMcHj.png

This is also an ATH for 3Q at $53.12 vs. $49.59 achieved in 3Q 2021, the previous high. 2Q was $44.41.

2Q also set an ATH for EPS suggesting that the worst of brutal margin compression of 2022 and early 2023 may be past us. From peak to trough, EPS dropped -26.6%. It was even steeper in real terms -31.0%.

You can download index earnings here:

https://www.spglobal.com/spdji/en/indices/equity/sp-500/

“Additional Info” —> “Index Earnings”