Financial Professionals


Q3 Earnings Cheat Sheet

  1. The most active earnings week is October 25 when 35% of S&P 500 Index companies report
  2. The most relevant earnings week is October 18 when 35% of S&P 500 Index market cap reports
  3. The final two weeks, November 8 & 15, are dominated by consumer discretionary
  4. The week of October 25 is dominated by energy and materials
  5. The majority of financial companies report the week of October 18
  6. The majority of technology earnings report during a two week period, October 18 & 25
  7. The earnings consensus for technology, the largest weighting in the S&P 500 Index, is to remain a market tailwind
  8. The earnings consensus for financials, the second largest weighting in the S&P 500 Index, is to remain a market headwind
  9. Consumer discretionary has provided the most earnings per share surprises so far year-to-date
  10. The overall sentiment for earnings is an anticipated shift from "tailwind surprises" to "limited growth headwinds"

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.