Q2 Earnings So Far

We’ve just crossed the halfway point of earnings season. The latest numbers from Bloomberg show that 260 of the 500 companies have reported so far. Of those, 73% have beaten earnings expectations and 57% have beaten on sales.

According to S&P, Q2 earnings are tracking at $26.66. (That’s an index-adjusted number. One point in the S&P 500 is worth about $9 billion.) That’s an increase of 4.84% over the Q2 from last year. Earnings for Q3 are projected to grow by 14.67%, and another 26.57% for Q4.

Wall Street currently expects full-year earnings for 2013 of $109.25. For 2014, the Street expects $122.74. That means the market is going for 13.66 times next year’s estimate.


Posted by on July 26th, 2013 at 11:00 am

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