February 15, 2019

This Week in Earnings 18Q4 | Feb. 15

by David Aurelio and Tajinder Dhillon.

Last Update: Feb. 15, 2019

To download the full This Week in Earnings report click here.

Please note: if you use our earnings data, please source I/B/E/S data from Refinitiv

Aggregate Estimates and Revisions

  • Fourth quarter earnings are expected to increase 16.2% from Q4 2017. Excluding the energy sector, the earnings growth estimate declines to 13.4%.
  • Of the 394 companies in the S&P 500 that have reported earnings to date for Q4 2018, 69.5% have reported earnings above analyst expectations. This is above the long-term average of 64% and below the average over the past four quarters of 78%.
  • Fourth quarter revenue is expected to increase 6.0% from Q4 2017. Excluding the energy sector, the revenue growth estimate declines to 5.5%.
  • 61.7% of companies have reported Q4 2018 revenue above analyst expectations. This is above the long-term average of 60% and below the 72% prior four quarter average.
  • For 19Q1, there have been 56 negative EPS preannouncements issued by S&P 500 corporations compared to 23 positive, which results in an N/P ratio of 2.4 for the index.
  • The forward four-quarter (19Q1 – 19Q4) P/E ratio for the S&P 500 is 16.3.
  • During the week of Feb. 18, 51 S&P 500 company is expected to report quarterly earnings.

Exhibit 1: S&P 500: Estimate Revisions by Sector

Exhibit 2: S&P 500: Estimate Revisions History

Source: I/B/E/S data from Refinitiv

Exhibit 3: All U.S. Companies: Estimate Revisions by Sector

Exhibit 4: All U.S. Companies: Estimate Revisions History

Source: I/B/E/S data from Refinitiv

Additional index earnings reports on Lipper Alpha Insight:

S&P 500 Earnings Dashboard

S&P 400 MidCap Earnings Dashboard

S&P 600 SmallCap Earnings Dashboard

TSX Composite Earnings Dashboard

STOXX 600 Earnings Outlook

See which North American companies StarMine predicts will beat and miss 18Q4 earnings:

StarMine Models Pick North American Companies for 18Q4 Earnings Beats

StarMine Models Pick North American Companies for 18Q4 Earnings Misses

Interested in learning how you can use the StarMine SmartEstimate® and Predicted Surprise® to avoid earnings misses and find earnings beats? Learn more here.

Eikon from Refinitiv is a complete solution for research and analytics. It places the most comprehensive market information, news, analytics and trading tools available into a desktop as simple to use as the Internet. Eikon from Refinitiv clients can run fundamental and technical screens against a global dataset representing more than 100 countries and over 200,000 securities.

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