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 442 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 Three
CONTENTS
- Earnings results...page 1
- Sales & margins...page 2
- Surprises, composition and valuation metrics...page 3
- Past, present & future earnings...page 4
HIGHLIGHTS:
With 88% of S&P500 firms reporting it looks as if Q1 EPS will be about $23.00, up nearly 20% YoY. Energy (XLE) and Tech (XLK) remain the largest contributors...chart page 1. Energy and Tech were also the largest contributors to S&P sales growth, which rose about 8.7% overall. Revenue for Utilities (XLU) and Financials (XLF) declined...page 2. Consumer Discretionary (XLY) has the highest P/E ratio of any sector at 15.9x 2011E EPS followed by Industrials (XLI) at 15.7x; Energy has the lowest at 12.2x, followed by Health Care (XLV) at 12.4x...page 3.
To download the full report click here
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