{"id":7397,"date":"2017-11-30T21:16:33","date_gmt":"2017-11-30T21:16:33","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=7397"},"modified":"2017-11-30T21:16:33","modified_gmt":"2017-11-30T21:16:33","slug":"a-look-at-4th-quarter-17-earnings-expectations-w-cash-repatriation-updated-spreadsheet","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=7397","title":{"rendered":"A look at 4th Quarter &#8217;17 Earnings Expectations w Cash Repatriation updated spreadsheet"},"content":{"rendered":"<p><em><strong>Q4 &#8217;17 revenue expectations:\u00a0<\/strong><\/em><\/p>\n<ul>\n<li>Energy: +17%<\/li>\n<li>Technology: +10%<\/li>\n<li>Basic Mat: +9.7%<\/li>\n<li>Utilities: +7.6%<\/li>\n<li>Industrials: +7.2%<\/li>\n<li>Real Estate: +6.4%<\/li>\n<li>Cons Disc: +5%<\/li>\n<li>Health Care: +4.7%<\/li>\n<li>Cons Spls: +4.2%<\/li>\n<li>Financials: +2.5%<\/li>\n<li>telco: +1.9%<\/li>\n<li>SP 500: +6,5%<\/li>\n<\/ul>\n<p><em><strong>Q4 &#8217;17 earnings expectations:\u00a0<\/strong><\/em><\/p>\n<ul>\n<li>Energy: +123%<\/li>\n<li>Basic Mat: +25%<\/li>\n<li>Technology: +14.3%<\/li>\n<li>Financials: +14.1%<\/li>\n<li>Utilities: +9.3%<\/li>\n<li>Cons Staples: +8.5%<\/li>\n<li>Cons Disc: +5.7%<\/li>\n<li>Hlth Care: +4.6%<\/li>\n<li>Industrials: +4.0%<\/li>\n<li>Real estate: -1%<\/li>\n<li>telecom: -2.1%<\/li>\n<li>SP 500: +11.5%<\/li>\n<\/ul>\n<p>&#8220;Ex-Energy&#8221;, Thomson Reuters is looking for 5.6% revenue growth and 9.3% earnings growth<\/p>\n<p>Source: Thomson Reuters Earnings Scorecard 11\/28\/17<\/p>\n<p>All this could change with tax reform and share repurchases, especially earnings growth from buybacks driven by share repurchases.<\/p>\n<p>Here is an updated &#8220;tax reform cash repatriation&#8221; spreadsheet updated with Cisco and Qualcomm:<\/p>\n<p><a href=\"https:\/\/fundamentalis.com\/?attachment_id=7399\" rel=\"attachment wp-att-7399\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-7399\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/cashrepat113017-300x215.png\" alt=\"\" width=\"300\" height=\"215\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/cashrepat113017-300x215.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/cashrepat113017-768x552.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/cashrepat113017.png 930w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Cisco could potentially repurchase 1\/3rd of its outstanding share base with cash held abroad.<\/p>\n<p><em><strong>Conclusion:<\/strong><\/em> SP 500 revenue growth the last 6 quarters has averaged between 4% &#8211; 6%, so the &#8220;expected&#8221; revenue growth for Q4 &#8217;17 as of right now is inline or average with recent trends. The real wild card w SP 500 earnings is tax reform and cash repatriation and IF SP 500 companies choose to bring cash back in 2017 or 2018.<\/p>\n<p>My guess is Q4 &#8217;17 revenue will be around 5% and SP 500 Q4 &#8217;17 earnings growth will be over 10%.<\/p>\n<p>Nothing out of the ordinary.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q4 &#8217;17 revenue expectations:\u00a0 Energy: +17% Technology: +10% Basic Mat: +9.7% Utilities: +7.6% Industrials: +7.2% Real Estate: +6.4% Cons Disc:&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":[185,202,114,144],"tags":[],"class_list":["post-7397","post","type-post","status-publish","format-standard","hentry","category-2017-fiscal-policy","category-cash-repatriation-s-sheet","category-sp-500-revenue-growth","category-standard-poors-earnings-data"],"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\/7397","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=7397"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7397\/revisions"}],"predecessor-version":[{"id":7401,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7397\/revisions\/7401"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}