Positive continues to outpace lowered guidance for 1Q and 2021 across market caps. Few companies have commented, but Procter & Gamble, Intel and Netflix increased top- and bottom-line forecasts. Netflix was the only one of the three with a positive one-day excess price reaction. Across market caps, small caps were most rewarded, with one-day excess returns of 3.1%, 3.3% and 4.4% for those beating EPS, sales or both.
Positive commentary on large-caps' 4Q reports continues to outpace negative by 25%. This is consistent across market caps, with 52% of small and 39% of midcap EPS guidance higher. Stronger top-line comments were offered by 49% of small and 60% of midcaps. #stocktalk
Positive commentary on large-caps' 4Q reports continues to outpace negative by 25%. This is consistent across market caps, with 52% of small and 39% of midcap EPS guidance higher. Stronger top-line comments were offered by 49% of small and 60% of midcaps. #stocktalk