With Walmart’s (WMT) earnings report this week, the Q2 ’16 earnings season unofficially comes to an end.<\/p>\n
Ex-Energy, (and per Factset), the SP 500 grew earnings in Q2 ’16 +0.4% and grew revenue +2.5%.<\/p>\n
———————————————————<\/p>\n
Thomson Reuters data (by the numbers):<\/strong><\/em><\/p>\n Forward 4-quarter estimate:<\/strong><\/em> $125.88 versus $126.12 last week.<\/p>\n P.E ratio:<\/strong><\/em> 17(x)<\/p>\n PEG ratio:<\/strong><\/em> 11.83(x)<\/p>\n SP 500 earnings yield:<\/strong><\/em> 5.76%. The SP 500 hasn’t been above a 6% earnings yield since June 24th.<\/p>\n Year-over-year growth of the forward estimate:<\/strong> <\/em>+1.47% versus last week’s +1.48% and still disappointingly subdued.<\/p>\n ————————————————————<\/p>\n If you are overweight Tech and Apple for Q2 ’16 earnings, your portfolio saw a nice bounce in July. Financials, the other large market cap weighting in the SP 500, continues to trade like it has a piano on its back.<\/p>\n For 9 months now, my own expectation for earnings growth is that the ‘forward 4-quarter growth rate” would gradually start to rise, and for 9 months that expectation been wrong, even though the SP 500 has broken out to new all-time-highs.<\/p>\n Talk about being right for the wrong reasons.<\/p>\n Today is a short earnings summary since there is other work to be done. Look for another blog post tomorrow and probably Monday.<\/p>\n Have a good weekend.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" With Walmart’s (WMT) earnings report this week, the Q2 ’16 earnings season unofficially comes to an end. Ex-Energy, (and per…<\/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":[91],"tags":[],"class_list":["post-6172","post","type-post","status-publish","format-standard","hentry","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\/6172","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=6172"}],"version-history":[{"count":5,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6172\/revisions"}],"predecessor-version":[{"id":6177,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6172\/revisions\/6177"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}