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The Q1 earnings season has reached its tail end with 91.9% of the S&P 500 index market capitalization that has reported so far up 14% on 7.9% revenue growth with 72.4% beating EPS estimates and 66.4% coming ahead of top-line expectations, per the latest Earnings Trends.
The earnings picture has emerged stronger with multi-year highest earnings and revenue growth, and beat ratios tracking above historical periods. The proportion of companies beating revenue estimates and growth are particularly incredible (read: Forget Earnings: Play Revenue Growth with 4 ETFs).
Given this, several equity ETFs have impressed with their performances and have generated handsome returns over the trailing one month. While there are winners in many corners of the space, below are six ETFs that buoyed up on robust earnings results. In addition, we have given a chart for their one-month performance and compared them with the broad market fund (SPY) and the broad sector.
This ETF offers global exposure to companies that derive 70% or more revenues from online and virtual retail. While brick-and-mortar retailers are filing for bankruptcy and closing stores at a faster rate, digital shopping and online retailers are splurging. As such, earnings from online retailers like Amazon (AMZN - Free Report) , Netflix (NFLX - Free Report) , eBay (EBAY - Free Report) and Priceline have been strong. Overall, the Internet - Commerce industry came up with a 79% earnings beat in Q1. IBUY surged 11.8% over the past one month (read: Is a Wave of Store Closures Troubling Retail ETFs?).
This is an actively managed ETF seeking long-term capital appreciation by investing in companies that are focused on industrial innovation. The fund is heavy on 3D Printing, robotics and autonomous vehicles and has been up 12.7% in the past one month. In particular, an astounding surge in 3D printing stocks and incredible earnings from robotics and autonomous companies pushed the ETF higher. The Industrial Automation and Robotics industry saw 100% earnings beat (read: ETF Winners & Losers of April 2017).
This fund targets the global video game industry of the technology sector including game developers, console and chip manufacturers, and game retailers. Video game companies like Activision Blizzard , Changyou.com Ltd. and Nintendo (NTDOY - Free Report) came up with solid earnings while Zynga met our estimates. These stocks make up for a substantial portion in the fund’s basket that has led to a 13% surge of in GAMR over the past one month.
This fund provides investors access to social media companies around the world with Twitter , Tencent (TCEHY - Free Report) and Facebook taking the largest share at over 9% each. Total technology earnings are up 17.2% on 6.8% higher revenues, with 78.3% beating EPS estimates and 80.4% beating revenue estimates. SOCL has been up 10.8% over the past one month and has a Zacks ETF Rank of 3 or’ Hold rating with a High risk outlook (read: Twitter Soars on Q1 Results: Sign in to Social Media ETF).
This fund provides exposure to the largest and most liquid newly listed companies. Currently, technology, consumer discretionary and industrials are the top three sectors. Industrials is the largest contributor to the S&P 500 earnings with 24.1% growth, followed by 17.2% and 16% earnings growth for technology and consumer discretionary. Additionally, industrial products, and technology firms have impressed with revenue beat of 81% and 80.4%, respectively, trailing auto and conglomerates. IPO has gained 7.7% over the past one month.
This fund provides exposure to the broad Internet industry with FANG stocks in their top five holdings that account for nearly 8% share each. FANG is an acronym for four technology giants – Facebook, Amazon (AMZN - Free Report) , Netflix (NFLX - Free Report) , and Alphabet (GOOGL). These stocks have been on a stellar ride since their earnings. As a result, PNQI has gained 8.3% in the past one month. It has a Zacks ETF Rank of 3 with a High risk outlook.
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6 Hot ETF Charts of Q1 Earnings Season
The Q1 earnings season has reached its tail end with 91.9% of the S&P 500 index market capitalization that has reported so far up 14% on 7.9% revenue growth with 72.4% beating EPS estimates and 66.4% coming ahead of top-line expectations, per the latest Earnings Trends.
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The earnings picture has emerged stronger with multi-year highest earnings and revenue growth, and beat ratios tracking above historical periods. The proportion of companies beating revenue estimates and growth are particularly incredible (read: Forget Earnings: Play Revenue Growth with 4 ETFs).
Given this, several equity ETFs have impressed with their performances and have generated handsome returns over the trailing one month. While there are winners in many corners of the space, below are six ETFs that buoyed up on robust earnings results. In addition, we have given a chart for their one-month performance and compared them with the broad market fund (SPY) and the broad sector.
Amplify Online Retail ETF IBUY
This ETF offers global exposure to companies that derive 70% or more revenues from online and virtual retail. While brick-and-mortar retailers are filing for bankruptcy and closing stores at a faster rate, digital shopping and online retailers are splurging. As such, earnings from online retailers like Amazon (AMZN - Free Report) , Netflix (NFLX - Free Report) , eBay (EBAY - Free Report) and Priceline have been strong. Overall, the Internet - Commerce industry came up with a 79% earnings beat in Q1. IBUY surged 11.8% over the past one month (read: Is a Wave of Store Closures Troubling Retail ETFs?).
ARK Industrial Innovation ETF ARKQ
This is an actively managed ETF seeking long-term capital appreciation by investing in companies that are focused on industrial innovation. The fund is heavy on 3D Printing, robotics and autonomous vehicles and has been up 12.7% in the past one month. In particular, an astounding surge in 3D printing stocks and incredible earnings from robotics and autonomous companies pushed the ETF higher. The Industrial Automation and Robotics industry saw 100% earnings beat (read: ETF Winners & Losers of April 2017).
PureFunds Video Game Tech ETF GAMR
This fund targets the global video game industry of the technology sector including game developers, console and chip manufacturers, and game retailers. Video game companies like Activision Blizzard , Changyou.com Ltd. and Nintendo (NTDOY - Free Report) came up with solid earnings while Zynga met our estimates. These stocks make up for a substantial portion in the fund’s basket that has led to a 13% surge of in GAMR over the past one month.
Global X Social Media ETF (SOCL - Free Report)
This fund provides investors access to social media companies around the world with Twitter , Tencent (TCEHY - Free Report) and Facebook taking the largest share at over 9% each. Total technology earnings are up 17.2% on 6.8% higher revenues, with 78.3% beating EPS estimates and 80.4% beating revenue estimates. SOCL has been up 10.8% over the past one month and has a Zacks ETF Rank of 3 or’ Hold rating with a High risk outlook (read: Twitter Soars on Q1 Results: Sign in to Social Media ETF).
Renaissance IPO ETF IPO
This fund provides exposure to the largest and most liquid newly listed companies. Currently, technology, consumer discretionary and industrials are the top three sectors. Industrials is the largest contributor to the S&P 500 earnings with 24.1% growth, followed by 17.2% and 16% earnings growth for technology and consumer discretionary. Additionally, industrial products, and technology firms have impressed with revenue beat of 81% and 80.4%, respectively, trailing auto and conglomerates. IPO has gained 7.7% over the past one month.
PowerShares Nasdaq Internet Portfolio PNQI
This fund provides exposure to the broad Internet industry with FANG stocks in their top five holdings that account for nearly 8% share each. FANG is an acronym for four technology giants – Facebook, Amazon (AMZN - Free Report) , Netflix (NFLX - Free Report) , and Alphabet (GOOGL). These stocks have been on a stellar ride since their earnings. As a result, PNQI has gained 8.3% in the past one month. It has a Zacks ETF Rank of 3 with a High risk outlook.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>