Market Reacts Favorably To Positive And Negative EPS Guidance

With 111 companies in the S&P 500 offering guidance for 1Q14 so far, the S&P 500 (INDEXSP:.INX) is already on track to have the highest number of companies issuing negative EPS guidance since at least 2006, with 93 (currently 84%) coming in below consensus expectations, but that hasn’t stopped investors from rewarding companies these companies all the same.

“If 93 is the final number of companies issuing negative EPS guidance for the quarter, it will mark the second highest number of companies issuing negative EPS guidance since FactSet began tracking guidance data in 2006,” writes senior earnings analyst John Butters in a March 31 FactSet report.

Negative EPS guidance...

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