Per Thomson Reuters, “This Week in Earnings” the forward 4-quarter estimate for the SP 500 fell $.09 this week to $122.77.<\/p>\n
The p.e ratio on the forward estimate as of Friday’s close was 15(x). The PEG slipped this week to under 2, and now sits at 1.98(x).<\/p>\n
The earnings yield is 6.59%.<\/p>\n
The year-over-year growth rate of the forward estimate rose to 7.68%, up from last week’s 6.75%.<\/p>\n
It is very nice to see that increase in the growth rate of the forward estimate: now if we can get it over 8%, we’ll be in good shape.<\/p>\n
Given the improvement in the forward growth rate, which sectors saw the biggest change in q1 ’14 earnings growth, versus last week ?<\/p>\n
Health Care: +8.7%, vs +4.9% last week;<\/p>\n
Industrials: +3.8%, vs +0.6% last week;<\/p>\n
Materials: +1.2%, vs -1.2% last week;<\/p>\n
Technology: +7.8%, +2.7% last week;<\/p>\n
Telco: +18.5%, vs +14.4%<\/p>\n
Ute’s: +13.5%, vs +8.2%<\/p>\n
SP 500: +3.3%, vs +1.7% last week<\/p>\n
Commentary:<\/strong><\/em> SP 500’s expected earnings growth almost doubled this past week, with the biggest percentage jump in Technology, as a percentage gain, and also in terms of the importance of Tech’s market cap to the SP 500. Obviously Facebook, and Microsoft helped. (Long both)<\/p>\n We’ve been out and back to Iowa today to see a new client, so we are going to cut the earnings analysis short, and pick up the commentary tomorrow.<\/p>\n q1 ’14 revenue growth is still expected at +2.7% exactly where it started the quarter.<\/p>\n Our forecast was that q1 ’14 earnings growth would come in between 3% – 5%. So far, so good.<\/p>\n Trinity Asset Management, Inc. by:<\/p>\n Brian Gilmartin, CFA<\/p>\n Portfolio manager<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Per Thomson Reuters, “This Week in Earnings” the forward 4-quarter estimate for the SP 500 fell $.09 this week to…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[97,3,89,57,55,98,91],"tags":[],"class_list":["post-3642","post","type-post","status-publish","format-standard","hentry","category-basic-materials","category-earnings","category-earnings-estimate-revisions","category-facebook-fb","category-msft","category-sector-earnings-growth-estimates","category-weekly-earnings-update"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3642"}],"version-history":[{"count":1,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3642\/revisions"}],"predecessor-version":[{"id":3643,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3642\/revisions\/3643"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}