January 9, 2017

The Week in Earnings | Jan. 6, 2017

by David Aurelio

Aggregate Estimates and Revisions

  • Fourth quarter earnings are expected to increase 6.1% from Q4 2015. Excluding the Energy sector, the earnings growth estimate increases to 6.2%
  • Of the 21 companies in the S&P 500 that have reported earnings to date for Q4 2016, 71% have reported earnings above analyst expectations. This is above the long-term average of 64% and in-line with the average over the past four quarters of 71%.
  • 33% of companies have reported Q4 2016 revenue above analyst expectations. This is below the long-term average of 59% and below the average over the past four quarters of 51%.
  • For Q4 2016, there have been 82 negative EPS preannouncements issued by S&P 500 corporations compared to 40 positive EPS preannouncements. By dividing 82 by 40, one arrives at an N/P ratio of 2.0 for the S&P 500 Index.
  • The forward four-quarter (1Q17 – 4Q17) P/E ratio for the S&P 500 is 17.1.
  • During the week of January 9, 8 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

Download the full report click here.

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