Briefing.com has a decent earnings calendar and carries more prospective earnings reports than the SP 500.<\/p>\n
According to Briefing’s table, 74 companies reported earnings this past week:<\/p>\n
Beat consensus estimates: 41<\/p>\n
Met consensus estimates: 13<\/p>\n
Missed consensus est: 20<\/p>\n
Here is the stat that jumped out, after I went through the table manually, day-by-day this week: only 15 of the 74 companies beat the consensus revenue estimate.<\/p>\n
According to Thomson Reuter’s “This Week in Earnings”, only 43% beat consensus revenue estimates this week of the SP 500 companies that reported.<\/p>\n
However, here is the other aspect to that statistic: GE missed big on revenue this morning, reporting $26.5 billion in revenue versus the $28.6 billion consensus estimate, and the stock had a record day, up 3.4% on the day on 4(x) average volume. Obviously, Nelson Peltz and Trian’s activism is helping propel the stock. GE is acting just like Microsoft did when ValueAct announced a 1% stake in Microsoft in April, 2013.<\/p>\n
By the numbers:\u00a0<\/strong><\/em><\/p>\n Forward 4-quarter estimate; $125.14 down from $125.88 last week.<\/p>\n P.E ratio: 16.25<\/p>\n PEG ratio: still negative, but maybe not for long<\/p>\n SP 500 earnings yield: 6.16%<\/p>\n Forward 4-quarter growth rate: -2.68%.<\/p>\n Analysis \/ conclusion:<\/strong><\/em>\u00a0Bank of America and Wells Fargo both beat consensus revenue estimates, whole Goldman Sachs and JP Morgan missed. Probably not a big surprise given the weakness in the stock and bond markets in the 3rd quarter, but it is nice to see some Financials starting to beat the consensus.<\/p>\n Here are the reports I am watching for each day next week:<\/p>\n Monday, 10\/19:<\/strong><\/em> IBM reports after the bell. Stock is trying to hold $150 or the Dec ’14 low. Needs to hold right here, technically. (Long IBM)<\/p>\n Tuesday, 10\/20:<\/strong><\/em> United Technologies, Verizon: two laggards. UTX is down from $120 to $92. (long UTX)<\/p>\n Wednesday, 10\/21:<\/strong><\/em> General Motors (GM). GM is expected to grow earnings in 2015, 55% (Yes, not kidding.) I wonder if the Tesla, EV, tectonic shift in auto business weighing on Ford and GM. (Long F, GM, TSLA)<\/p>\n Thursday: 10\/22:<\/strong><\/em> Amazon and Microsoft: Amazon is crushing Wal-Mart. Microsoft locked in trading range between $40 – $50 for 12 months. (Long AMZN. MSFT, WMT)<\/p>\n Friday: 10\/23:<\/strong><\/em> Procter & Gamble (PG): wrong business model, i.e. higher-priced premium brands, with depressed economies in emerging markets. Not much going for PG.<\/p>\n The SP 500 needs to trade back over its 200-day moving average at 2,059. That is the first sign that the equity market is healing from the August ’15 correction.<\/p>\n I still think Q3 ’15 earnings ex-Energy will be at least mid-single-digit y\/y growth. The soft revenue growth is an issue. Hard to see a catalyst that changes this over near future.<\/p>\n Intel may have been the biggest surprise this week: beat on EPS and revenue, and reduced capex further. Stock up 2.8% on the week.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Briefing.com has a decent earnings calendar and carries more prospective earnings reports than the SP 500. According to Briefing’s table,…<\/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":[152,38,15,31,60,45,51,55,35,36,114,91,4],"tags":[],"class_list":["post-5265","post","type-post","status-publish","format-standard","hentry","category-amazon","category-bac","category-f","category-ge","category-gs","category-ibm","category-intc","category-msft","category-pg","category-schw","category-sp-500-revenue-growth","category-weekly-earnings-update","category-wmt"],"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\/5265","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=5265"}],"version-history":[{"count":7,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/5265\/revisions"}],"predecessor-version":[{"id":5272,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/5265\/revisions\/5272"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}