We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Including all of today’s reports, we now have Q1 results from 135 S&P 500 members or 26.9% of the index’s total membership. Total earnings for these 135 index members are up +14.5% from the same period last year on +4.8% higher revenues, with 73.3% beating EPS estimates and 63.7% beating revenue expectations.
The Q1 growth pace and proportion of positive surprises is tracking above other recent periods for the same group of 135 index members. Importantly, the Q1 positivity is widespread and not restricted to just one sector.
The momentum earlier in the Q1 reporting cycle came out of the Finance sector when all the major banks came out with strong earnings results even though growth in their loan portfolios showed deceleration. But we have seen other sectors come out with strong results since then as well, as the reports from Caterpillar (CAT - Free Report) , DuPont (DD - Free Report) and McDonald’s (MCD - Free Report) and others show.
The proportion of companies beating EPS and revenue estimates is tracking above other recent historical periods, with positive revenue surprises particularly tracking above historical periods.
For the Finance sector, we now have Q1 results from 52.8% of the sector’s total market cap in the S&P 500 index. Total earnings for these Finance sector companies are up +22.8% from the same period last year on +7.6% higher revenues, with 68.6% beating EPS estimates and 65.7% beating revenue estimates. Relative to other recent periods, these results represent a notable improvement.
If we exclude the Finance sector’s results from the S&P 500 index, total Q1 earnings for the rest of the index would be up +9.8% from the same period last year and total revenues would be up +4.1%. Even these ex-Finance growth rates compare favorably to other recent periods.
For Q1 as a whole, combining the actual results from the 135 index members that have reported results with estimates for the still-to-come 365 companies, total earnings are expected to be up +9.2% from the same period last year on +5.9% higher revenues. This would follow the +7.4% earnings growth in 2016 Q4 on +4.8% growth in total revenues.
For more details about the Q1 earnings season and the Finance sector’s results thus far, check out our weekly Earnings Preview report.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
A Very Positive Earnings Picture
Including all of today’s reports, we now have Q1 results from 135 S&P 500 members or 26.9% of the index’s total membership. Total earnings for these 135 index members are up +14.5% from the same period last year on +4.8% higher revenues, with 73.3% beating EPS estimates and 63.7% beating revenue expectations.
The Q1 growth pace and proportion of positive surprises is tracking above other recent periods for the same group of 135 index members. Importantly, the Q1 positivity is widespread and not restricted to just one sector.
The momentum earlier in the Q1 reporting cycle came out of the Finance sector when all the major banks came out with strong earnings results even though growth in their loan portfolios showed deceleration. But we have seen other sectors come out with strong results since then as well, as the reports from Caterpillar (CAT - Free Report) , DuPont (DD - Free Report) and McDonald’s (MCD - Free Report) and others show.
The proportion of companies beating EPS and revenue estimates is tracking above other recent historical periods, with positive revenue surprises particularly tracking above historical periods.
For the Finance sector, we now have Q1 results from 52.8% of the sector’s total market cap in the S&P 500 index. Total earnings for these Finance sector companies are up +22.8% from the same period last year on +7.6% higher revenues, with 68.6% beating EPS estimates and 65.7% beating revenue estimates. Relative to other recent periods, these results represent a notable improvement.
If we exclude the Finance sector’s results from the S&P 500 index, total Q1 earnings for the rest of the index would be up +9.8% from the same period last year and total revenues would be up +4.1%. Even these ex-Finance growth rates compare favorably to other recent periods.
For Q1 as a whole, combining the actual results from the 135 index members that have reported results with estimates for the still-to-come 365 companies, total earnings are expected to be up +9.2% from the same period last year on +5.9% higher revenues. This would follow the +7.4% earnings growth in 2016 Q4 on +4.8% growth in total revenues.
For more details about the Q1 earnings season and the Finance sector’s results thus far, check out our weekly Earnings Preview report.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>