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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)

$783.8

Avg. daily value traded ($bns)

$48.2
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August 1, 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 330 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 Two

CONTENTS
  • Earnings results...page 1
  • Sales & margins...page 2
  • Surprises, composition and valuation metrics...page 3
  • Past, present & future earnings...page 4  
HIGHLIGHTS: 

 

With 2/3 of firms having reported results, 2Q S&P earnings grew about $31 billion, or 16.3% vs. 2Q10. Energy (XLE) and Tech (XLK) were the largest contributors to growth; only Utilities (XLU) saw earnings decline...chart, page 1.

 

Overall sales probably grew 10%, or about 7.1% excluding Energy (XLE). However revenue for the beleaguered Financial sector (XLF) was down again...page 2.

 

For the most part S&P firms have done an amazing job coping with higher input prices: margins improved YoY in all sectors except Utilities (XLU)...page 2.

 

Positive surprises are widespread but at just 3.6% of overall index earnings are not of a particularly large magnitude, historically speaking...page 3. 
 

 

To download the full report click here


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