With Q2 earnings season now in full swing, hundreds of companies have reported financial results over the past several weeks. However, only a few big names have announced something many investors want: increasing buybacks. This can occur through boosting buyback authorizations or raising forecasts for buyback spending.
Both mean that a company’s outstanding share count will likely decrease over time. This can provide a tailwind to its adjusted earnings per share (EPS), as each dollar of earnings is spread over fewer shares.
