巴克莱-美股投资策略-股票指南针：尽管经济令人失望，但收益仍在节节攀升-2021.8.4-44页.pdfVIP

Equity Research 4 August 2021 U.S. Equity Strategy Equity Compass: Earnings Beat Even CORE as the Economy Disappoints The SPX EPS surprise reached double digits for the 5th straight U.S. Equity Strategy quarter despite disappointing economic data. We believe this is Maneesh S. Deshpande +1 212 526 2953 because EPS revisions haven’t caught up with previous maneesh.deshpande@ surprises, and the economic weakness is a result of supply BCI, US chain constraints even although demand remains strong. Elias Krauklis +1 212 526 9376 elias.krauklis@ SPX EPS surprise at ~17%, in double digits for the 5th straight quarter. With ~60% of BCI, US companies reporting, the S P 500 EPS surprise is at ~17%, only slightly above the proj ection of Japinder Chawla, CFA 15% from our “Su