Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

SPX Earnings Update: Ex-Energy, Q2 ’16 Earnings Grew +0.4%

Published 08/14/2016, 12:11 AM
Updated 07/09/2023, 06:31 AM

With Walmart’s (NYSE:WMT) earnings report this coming week, the Q2 ’16 earnings season unofficially comes to an end.

Ex-Energy, (and per Factset), the S&P 500 grew earnings in Q2 ’16 +0.4% and grew revenue +2.5%.

Thomson Reuters data (by the numbers):

  • Forward 4-quarter estimate: $125.88 versus $126.12 last week.
  • P.E ratio: 17(x)
  • PEG ratio: 11.83(x)
  • S&P 500 earnings yield: 5.76%. The S&P 500 hasn’t been above a 6% earnings yield since June 24th.
  • Year-over-year growth of the forward estimate: +1.47% versus last week’s +1.48% and still disappointingly subdued.

If you are overweight Tech and Apple (NASDAQ:AAPL) for Q2 ’16 earnings, your portfolio saw a nice bounce in July. Financials, the other large market cap weighting in the S&P 500, continues to trade like it has a piano on its back.

For nine months now, my own expectation for earnings growth is that the ‘forward 4-quarter growth rate” would gradually start to rise, and for nine months that expectation has been wrong, even though the S&P 500 has broken out to new all-time-highs.

Talk about being right for the wrong reasons.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.