Update of the Thomson Reuters S&P 500 Earnings Today report including the Q2 2016 Earnings Dashboard and Q3 2016 overview and guidance.
Click here to view the dashboard in detail.
Earnings
- Q2 2016
- The Q2 2016 blended earnings growth estimate is -2.6%. Excluding the energy sector, the earnings growth estimate for the index improves to 1.4%.
- 31% of the S&P 500 companies have reported Q2 2016 EPS. Of the 500 companies in the S&P 157 that have reported earnings to date for Q2 2016, 73% have reported earnings above analyst expectations, 12% reported earnings in line with analyst expectations and 15% reported earnings below analyst expectations. In a typical quarter (since 1994), 63% of companies beat estimates, 16% match and 21% miss estimates. Over the past four quarters, 70% of companies beat estimates, 9% matched and 21% missed estimates.
- In the S&P 500, there have been 85 negative EPS preannouncements issued by corporations for Q2 2016 compared to 40 positive EPS preannouncements. By dividing 85 by 40 one arrives at an N/P ratio of 2.1 for the S&P 500 Index. This is below the long term average (since 1997) of 2.7 and below the trailing four quarter average of 3.5.
- Q3 2016
- The Q3 2016 blended earnings growth estimate is 0.8%. Excluding the energy sector, the earnings growth estimate for the index increases to 3.6%.
- In the S&P 500, there have been 24 negative EPS preannouncements issued by corporations for Q3 2016 compared to 14 positive EPS preannouncements. By dividing 24 by14 one arrives at an N/P ratio of 1.7 for the S&P 500 Index.
Revenue
- Q2 2016
- The Q2 2016 blended revenue growth estimate is -0.1%. Excluding the energy sector, the revenue growth estimate for the index increases to 2.7%.
- 57% have reported Q2 2016 revenue above analyst expectations, 0% reported earnings in line with analyst expectations and 43% reported earnings below analyst expectations. In a typical quarter (since 2002), 60% of companies beat estimates and 40% miss estimates. Over the past four quarters, 48% of companies beat estimates and 52% missed estimates.
- In the S&P 500, there have been 52 negative revenue preannouncements issued by corporations for Q2 2016 compared to 46 positive EPS preannouncements. By dividing 52 by 46 one arrives at an N/P ratio of 1.1 for the S&P 500 Index. This is below the long term average (since 2008) of 1.8 and below the trailing four quarter average of 1.6.
- Q3 2016
- The Q3 2016 blended revenue growth estimate is 2.8%. Excluding the energy sector, the revenue growth estimate for the index increases to 3.9%.
- In the S&P 500, there have been 14 negative revenue preannouncements issued by corporations for Q3 2016 compared to 20 positive EPS preannouncements. By dividing 14 by 20 one arrives at an N/P ratio of 0.7 for the S&P 500 Index.
Please note: if you use our earnings data, please source Thomson Reuters I/B/E/S
S&P 500 Earnings today report provides the aggregate earnings performance relative to estimates and growth rates. Access the full S&P 500 Earnings Scorecard report archives here.
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