10 Mar, 2021

S&P 500 earnings, March 10-26: FedEx, Accenture to report

Twelve members of the S&P 500 are expected to report quarterly earnings between March 10 and March 26, including FedEx Corp. and Accenture PLC

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Four of the 11 sectors in the S&P 500 are expected to report year-over-year declines in aggregate EPS for the calendar fourth quarter of 2020. However, only the energy sector is expected to report an aggregate loss.

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Last week, The Gap Inc. beat analyst estimates by 10 cents a share, posting quarterly EPS of 28 cents. Revenue fell 5.3% year over year to $4.42 billion, which was below the consensus estimate of $4.66 billion.

Meanwhile, Costco Wholesale Corp. reported EPS of $2.14, beating the mean estimate of $2.43 per share. In addition, revenue at the company grew to $44.77 billion, which was above the consensus estimate of $43.71 billion.

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