{"id":6997,"date":"2017-06-09T23:38:07","date_gmt":"2017-06-09T23:38:07","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=6997"},"modified":"2017-06-10T13:32:53","modified_gmt":"2017-06-10T13:32:53","slug":"q2-17-sp-500-earnings-will-likely-see-at-least-10-12-yy-growth","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=6997","title":{"rendered":"Q2 &#8217;17 SP 500 Earnings Will Likely See at Least 10% &#8211; 12% Y\/Y Growth"},"content":{"rendered":"<p><em><strong>Thomson Reuters Data (by the numbers): (Source: This Week in Earnings, dated 6\/9\/17)<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Fwd 4-qtr estimate:<\/strong> <\/em>$134.82 vs $134.82 from last week<\/li>\n<li><em><strong>P.E ratio:<\/strong> <\/em>18(x)<\/li>\n<li><em><strong>PEG ratio:<\/strong><\/em> 1.93(x)<\/li>\n<li><em><strong>SP 500 earnings yield:<\/strong><\/em> 5.54% vs. 5.53% last week<\/li>\n<li><em><strong>Year-over-year growth of the forward estimate:<\/strong> <\/em>+9.35% vs last week&#8217;s 9.36%<\/li>\n<\/ul>\n<p>Over the next few weeks we&#8217;ll start to hear from a number of companies with May &#8217;17 quarter end, like Nike (NKE), Oracle (ORCL), FedEx Corp (FDX), etc. (Long all 3 in various weights).<\/p>\n<p>My guess at this juncture just looking from the Q2 &#8217;17 Thomson data, is that by mid-August &#8217;17, Q2 &#8217;17 earnings growth for the SP 500 should be north of 10% &#8211; 12%, versus the 8.3% expected currently.<\/p>\n<p>Q2 &#8217;16 was still weak thanks to the commodity price pressure and the weak bank earnings from last year, so the easier comp will make Q2 &#8217;17 growth look that much better.<\/p>\n<p>Factset supports this conclusion with this Q2 &#8217;17 earnings analysis published Friday, June 9 &#8217;17. (https:\/\/insight.factset.com\/earningsinsight_06.09.17)<\/p>\n<p>Factset&#8217;s bar graph notes which sectors are driving the upside earnings surprises. Note this relative to the Friday, June 9th market action.<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thomson Reuters Data (by the numbers): (Source: This Week in Earnings, dated 6\/9\/17) Fwd 4-qtr estimate: $134.82 vs $134.82 from&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":[91],"tags":[],"class_list":["post-6997","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\/6997","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=6997"}],"version-history":[{"count":4,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6997\/revisions"}],"predecessor-version":[{"id":7001,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6997\/revisions\/7001"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}