Greetings!
Below is a link to download our research note, Reporting Monitor. It breaks down S&P500 earnings reports as they come in, and groups them by Select Sector SPDR.
Reporting Monitor is published 3-4 times each quarter during the height of earnings season, and replaces the weekly ETF Spotlight newsletter during these times. This week's note covers Q1 2011 results from the 147 firms in the S&P500 that have reported so far, and expectations for the remaining firms.
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In this week's issue
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Q1 2011 Earnings Reports - Week One
CONTENTS
- Earnings results...page 1
- Sales & margins...page 2
- Surprises, composition and valuation metrics...page 3
- Past, present & future earnings...page 4
HIGHLIGHTS:
With 29% of S&P500 firms having reported Q1 results so far, index earnings are forecast to grow 16.9% YoY, lead by the Technology (XLK) and Energy (XLE) sectors. Sales are forecast to grow about 8.0% YoY, but excluding the Energy sector the figure would be only half that amount. Revenue for Financials (XLF) and Utilities (XLU) are expected to decline. Though still early, the biggest positive surprises have been in the Materials (XLB), Financials, and Industrials (XLI) sectors.
To download the full report click here
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