Update fra Factset omkring de kommende Q3 regnskaber fra amerikanske selskaber
Based on current estimates, aggregate earnings for the third quarter for the S&P 500 are expected to increase by 4.5% on a year-over-year basis. The estimated growth rate today is half of the prediction at the start of the quarter (9.0%). The decline in the growth rate can be attributed in part to Bank of America, as analysts included the impact of the company’s settlement with the DOJ in their Q3
estimates. In addition, 82 companies in the index have guided EPS estimates lower for the quarter. Overall, the Telecom Services, Materials, Financials, and Health Care sectors are projected to report the highest earnings growth rates, while the Consumer Discretionary sector is the only sector projected to a report a decline in earnings. In terms of revenues, sales for the S&P 500 are projected to increase by
3.8% on a year-over-year basis. The market will likely be watching for comments from companies regarding results (or economic conditions) in the United States, Europe, and China, as well as the impact of the stronger dollar, the impact of lower oil and gas prices, and the impact of geopolitical risks on earnings and revenue for the quarter.
Looking at forward estimates, analysts are projecting much higher earnings growth in Q4 2014 and the first half of 2015 compared to Q3 2014. However, they are not predicting a substantial improvement in
revenue growth, which implies that net margins are expected to increase in future quarters as well.
