December 30, 2016

The Week in Earnings | Dec. 30, 2016

by David Aurelio

Aggregate Estimates and Revisions

  • Third quarter earnings are expected to increase 4.3% from Q3 2015. Excluding the Energy sector, the earnings growth estimate increases to 7.9%
  • Of the 500 companies in the S&P 500 that have reported earnings to date for Q3 2016, 71% have reported earnings above analyst expectations. This is above the long-term average of 64% and above the average over the past four quarters of 70%.
  • 55% of companies have reported Q3 2016 revenue above analyst expectations. This is below the long-term average of 60% and above the average over the past four quarters of 49%.
  • For Q4 2016, there have been 81 negative EPS preannouncements issued by S&P 500 corporations compared to 40 positive EPS preannouncements. By dividing 81 by 40, one arrives at an N/P ratio of 2.0 for the S&P 500 Index.
  • The forward four-quarter (4Q16 – 3Q17) P/E ratio for the S&P 500 is 17.5.
  • During the week of January 2, 3 S&P 500 companies are expected to report Q4 2016 earnings.

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

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Source: Thomson Reuters I/B/E/S Fourth quarter earnings are expected to increase ...