CONTENTS
- Earnings results...page 1
- Sales & margins...page 2
- Surprises, composition and valuation metrics...page 3
- Past, present & future earnings...page 4
HIGHLIGHTS:
With 29% of S&P500 firms having reported Q1 results so far, index earnings are forecast to grow 16.9% YoY, lead by the Technology (XLK) and Energy (XLE) sectors.
Sales are forecast to grow about 8.0% YoY, but excluding the Energy sector the figure would be only half that amount. Revenue for Financials (XLF) and Utilities (XLU) are expected to decline.
Though still early, the biggest positive surprises have been in the Materials (XLB), Financials, and Industrials (XLI) sectors.
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