Some Earnings Season Stats

Now that earnings season has begun, here are some relevant stats from S&P. The S&P 500 is currently projected to earn $29.12 this earnings season. That’s the index-adjusted figure (each dollar in the index is about $8.8 billion) which represents an increase of 10.47% over last year’s Q2. I should warn you that media outlets report different numbers for index earnings. I’m taking this right from S&P.

The current estimate for Q2 has come down a bit, but unlike previous quarters, the downward trend in estimates has been far more modest. A year ago, the Street had been expecting $30.14 for the S&P 500. So yes, estimates are down, but only about 3.4% in the last year. Earnings for Q3 and Q4 are down even less.

For all of 2014, Wall Street expects earnings of $119.18. That’s down about 1.9% since the start of the year. According to S&P, 27 stocks have reported so far; 16 have beaten estimates, 8 have missed and 3 have reported inline.

Posted by on July 14th, 2014 at 11:27 am

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