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May 16, 2018

Refinitiv Retail and Restaurant Aggregate Estimates and Revisions

by Jharonne Martis.

1Q 2018 Refinitiv Retail and Restaurant Aggregate Estimates and Revisions

  • First quarter earnings are expected to increase 19.4% from Q1 2018.
  • 67% of companies in our Retail/Restaurant Index have reported Q1 2018 EPS.
  • Of the 141 companies in the Retail/Restaurant Index that have reported earnings to date for Q1 2017, 70% have reported earnings above analyst expectations, 8% matched, while 22% reported revenue below analyst expectations.
  • The Q1 2018 blended revenue growth estimate is 8.0%.
  • 72% have reported revenue above analyst expectations, 0% matched, and 28% reported revenue below analyst expectations.
  • For Q1 2018, there have been 45 negative EPS preannouncements issued compared to 20 positive EPS preannouncements.

Retailers This Week: May 14 – 18

Home Depot beat its earnings expectation today, but missed its revenue, and Same Store Sales estimates. Despite facing difficult SSS from a year-ago, the retailer posted a 4.2% SSS, above the 3.0% SSS healthy mark. Moreover, excluding its weak gardening business, SSS rose 6.5%. Home Depot posted double digit earnings growth today, and looking forward Refinitiv I/B/E/S estimates suggests the same for the remainder of the year.

The bulk of retailers are getting ready to report Q1 2018 earnings, including Walmart this week.

Home Depot Earnings Growth Rate 2018


Q1 2018

The upward trend in consumer confidence is also reflected in the latest earnings guidance numbers, as retailers have been providing more positive earnings preannouncements compared to a year-ago. As a result, the Refinitiv Retail and Restaurant Earnings Index is now expected to see double digit growth in Q1 2018, after a spectacular holiday season.

The bulk of the negative guidance comes from the apparel sector. Guidance is already starting to come in for Q2.

Q1 2018 Earnings and Revenue Guidance

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

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