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Update of S&P500 Earnings Reports by Sector
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Coverage at a glance
No. of ETFs
673

Total Mkt Cap ($bns)

$813.7

Avg. daily value traded ($bns)

$48.2
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July 25, 2011
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 Q2 2011 results from the 153 firms in the S&P500 that have reported so far, and expectations for the remaining firms.  

In this week's issue

PDF
Q2 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 almost 1/3 of firms having reported 2Q results, S&P earnings should grow about $30 billion, or 15.7% vs. 2Q10. Once again Energy (XLE) and Tech (XLK) were the largest contributors to growth by far...chart below.

 

Overall sales probably grew a healthy 10%, but excluding Energy the figure would be about 6.7%. For Financials (XLF) and Utilities (XLU) revenue was basically flat...page 2.

 

So far the biggest positive surprises have been in Tech and Financials...page 3.

 

To download the full report click here


As always your questions & feedback are most welcome.
 
Sincerely,
 
Michael Krause
AltaVista Research