June 30, 2017

This Week in Earnings 17Q1 | Jun. 30, 2017

by David Aurelio

The Manhattan skyline is seen behind weeds and flowers on Roosevelt Island in New York June 4, 2013. World Environment Day is celebrated annually on June 5 to raise global awareness about environmental issues and stimulate political action, according to the United Nations Environment Programme. REUTERS/Zoran Milich (UNITED STATES – Tags: ENVIRONMENT CITYSCAPE TPX IMAGES OF THE DAY) – RTX10BPN

Last Update: Jun. 30, 2017

Aggregate Estimates and Revisions

  • First quarter earnings are expected to increase 15.3% from Q1 2016. Excluding the Energy sector, the earnings growth estimate declines to 11.0%
  • Of the 500 companies in the S&P 500 that have reported earnings to date for Q1 2017, 75.6% 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 71%.
  • 63.1% of companies have reported Q1 2017 revenue above analyst expectations. This is above the long-term average of 59% and above the average over the past four quarters of 53%.
  • For Q2 2017, there have been 80 negative EPS preannouncements issued by S&P 500 corporations compared to 43 positive EPS preannouncements. By dividing 80 by 43, one arrives at an N/P ratio of 1.9 for the S&P 500 Index.
  • The forward four-quarter (2Q17 – 1Q18) P/E ratio for the S&P 500 is 18.0.
  • During the week of Jul. 3, no S&P 500 companies are expected to report quarterly earnings

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

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

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