{"id":4612,"date":"2015-03-09T22:14:15","date_gmt":"2015-03-09T22:14:15","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=4612"},"modified":"2015-03-09T22:14:15","modified_gmt":"2015-03-09T22:14:15","slug":"3-9-15-sp-500-revenue-growth-a-look-inside","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=4612","title":{"rendered":"3.9.15: SP 500 Revenue Growth &#8211; A Look Inside"},"content":{"rendered":"<p>Happy 6th birthday to bull market born on March 9th, 2009.<\/p>\n<p>The goal in today&#8217;s post is to look at revenue growth by sector for the SP 500 and compare and contrast Thomson Reuters data with Factset data and see what we see.<\/p>\n<p>First here is a chronological spreadsheet showing the last 9 quarters of SP 500 revenues:\u00a0<a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2015\/03\/FCSP500revgroqtrly.xls\">FCSP500revgro(qtrly)<\/a><\/p>\n<p>Note the Utility upside in q4 &#8217;14 and the difference in Financial sector revenue growth between Thomson and Factset.<\/p>\n<p>Because Factset is the only firm that discloses it, here is what Factset is looking for in terms of <em><strong>full-year 2015 revenue growth<\/strong><\/em> for the SP 500:<\/p>\n<p>(Ranked from fastest to slowest expected revenue growth by sector)<\/p>\n<p>Technology: +6.6%, +7.2% (as of 12\/31\/14)<\/p>\n<p>HlthCare: +6.5%, +6.2%<\/p>\n<p>Cons Disc: +4.9%, +5.7%<\/p>\n<p>Cons Spls: +3.5%, +4.7%<\/p>\n<p>Telco: +3%, +3.1%<\/p>\n<p>Financials: +2.8%, +4%<\/p>\n<p>Industrials: +1.6%, +3.2%<\/p>\n<p>SP 500: 0.3%, +2.8%<\/p>\n<p>Utilities: -0.4%, +1.3%<\/p>\n<p>Basic Mat: -1.5%, +3.4%<\/p>\n<p>Energy: -26.5%, 10.4% was the expectation as of 12\/31\/14<\/p>\n<p>Only Healthcare has been revised higher since January 1 &#8217;15.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><em><strong>Full-year 2016 expected revenue growth<\/strong><\/em> for the SP 500:<\/p>\n<p>(Ranked from fastest to slowest expected revenue growth by sector)<\/p>\n<p>Energy: +8.7%, +5.1% (as of 12\/31\/14)<\/p>\n<p>Basic Mat: +6.4%, +6.1%<\/p>\n<p>Technology: +6.2%, +6.6%<\/p>\n<p>Cons Disc: +6.0%, +6.2%<\/p>\n<p>Hlth Care: +6%, +5.5%<\/p>\n<p>Financials: +5.6%, +5.5%<\/p>\n<p>SP 500: +5.6%, +5.3%<\/p>\n<p>Cons Spls: +4.9% +5.1%<\/p>\n<p>Industrials: +3.2%%, +3.8%<\/p>\n<p>Utilities: +2.8%, +3.0%<\/p>\n<p>Telco: 1.9%%, +1.4% was the expectation as of 12\/31\/14<\/p>\n<p>Looks like 2016 is expecting a &#8220;worst-to-first&#8221; reversion next year.<\/p>\n<p>But it is still too early. Worth tracking though.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy 6th birthday to bull market born on March 9th, 2009. The goal in today&#8217;s post is to look at&hellip;<\/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":[114],"tags":[],"class_list":["post-4612","post","type-post","status-publish","format-standard","hentry","category-sp-500-revenue-growth"],"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\/4612","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=4612"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/4612\/revisions"}],"predecessor-version":[{"id":4616,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/4612\/revisions\/4616"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}