Street Earnings Understated For 29% Of S&P 500 In 2Q23

Street Earnings (based on Zacks Earnings) overstate profits for the majority of S&P 500 companies in 2Q23. However, there are nearly 140 S&P 500 companies with TTM 2Q23 Street Earnings that are lower than their true profits, i.e. Core Earnings. These companies are more profitable than investors realize and, in many cases, undervalued as well. My Core Earnings research is based on the latest audited financial data, which is the calendar 2Q23 10-Q in most cases. Price data as of 8/15/23.

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