Only 8 of SPX companies have issued forward guidance so far

DavidMarlin
04-22

Only 8 of the 59 $S&P 500(.SPX)$ companies that have reported in Q1 so far have issued forward guidance (13%, vs. ~40% avg).

0 have guided above consensus.

Not good.

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This is true.

So far, thru Q1 Earnings Season:

✅ Fewest companies issuing guidance since COVID (13% vs 40% avg)

✅ Worst guidance ratio since COVID

✅ Company mentions of worse” or “weaker” at 2008 GFC levels.

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