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Why companies are beating analyst estimates at record numbers despite the pandemic

For Q4 2020, it's looking likely it will be the second-highest percentage of S&P 500 companies reporting a positive EPS surprise since 2008, when FactSet began tracking this metric. It's also revenue. Companies are beating revenue estimates at higher percentages compared to past years. John Butters, VP and senior earnings analyst for FactSet, discusses what's driving this trend amid the pandemic.
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Sun, Feb 7 20218:01 AM EST