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CQ1 Earnings Summary

05/20/2013

As of Sunday, May 19, 2013:

  • 464 out of 500 S&P 500® Index (SPX) companies have reported earnings.
  • 1752 out of 2000 Russell 2000® Index (RTY) companies have reported earnings.
  • 91 out of 99 NASDAQ-100 Index (NDX) companies have reported earnings.
  • 28 out of 30 Dow Jones Industrial Average (INDU) companies have reported earnings.

Index ETF

CQ1 2013
Sales Growth

CQ1 2013
 Earnings Growth

SPX

(-1.23%)

+2.09%

RTY

+2.65%

+6.08%

NDX

+11.32%

(-0.94%)

INDU

(-4.05%)

+0.39%

 

Index ETF

CQ4 2012
 Sales Growth

CQ4 2012
Earnings Growth

SPX

+3.58%

+9.13%

RTY

+5.10%

+2.17%

NDX

+10.73%

+1.94%

INDU

+0.08%

+7.02%

 

SPX Sector

CQ1 2013
Sales Growth

CQ1 2013
Earnings Growth

Utilities

+6.01%

+10.53%

Consumer Discretionary

+6.14%

+7.60%

Financials

+2.87%

+8.51%

Telecom

+0.98%

+10.24%

Health Care

+5.10%

+0.33%

Consumer Staples

+0.43%

+3.51%

Industrials

+0.12%

+0.17%

Technology

+4.73%

(-2.51%)

Materials

(-3.11%)

+0.48%

Energy

(-18.48%)

(-4.54%)

SPX CQ1 2013 Sector Analysis:

  • Electric Utilities sales growth surged +7.36% and earnings growth surged +21.68%.
  • Technology Semiconductor sales growth contracted (-3.90%) while earnings growth contracted (-22.13%) as a direct result of weaker Asian demand as well as a strong U.S. dollar.
  • Within the Financial sector, Real Estate posted the strongest sales and earnings growth at +14.23% and +12.12%, respectively.
  • Health Care Facilities, Services, & Providers recorded sales growth of +11.52% and earnings growth of +16.68%, providing evidence that the sector-leading 2013 performance of +23.12% is more than a defensive attraction by investors. Pricing power is evident.
  • Consumer Durables & Apparel recorded sales growth of +6.23% and earnings growth of +30.05%.
  • Metals & Mining sales growth contracted (-8.02%), and earnings growth contracted (-35.24%) as lower spot pricing weighed on earnings and elevated concern for debt servicing challenges.
  • Coal earnings continued to remain weak with sales growth of (-11.97%) and earnings growth of (-89.20%).

Earnings Calendar Ahead:

  • This week the remaining 2 INDU companies will report. Home Depot (HD) reports Tuesday before the bell, and Hewlett Packard (HPQ) reports after the close on Wednesday. Current EPS estimate for HD is $0.76 and $0.81 for HPQ.
  • 27 SPX companies will report this week, two on Monday, eight on Tuesday, six on Wednesday, nine on Thursday, and two on Friday.

 

Monday, May 20

Ticker

EPS Estimate

Campbell Soup Co

CPB

$0.56

Urban Outfitters Inc

URBN

0.29

 

 

Tuesday, May 21

Ticker

EPS Estimate

AutoZone Inc

AZO

$7.21

Home Depot Inc/The

HD

0.76

Best Buy Co Inc

BBY

0.24

Medtronic Inc

MDT

1.03

TJX Cos Inc

TJX

0.62

Analog Devices Inc

ADI

0.52

Intuit Inc

INTU

2.93

NetApp Inc

NTAP

0.68

 

 

Wednesday, May 22

Ticker

EPS Estimate

Target Corp

TGT

$0.84

Staples Inc

SPLS

0.27

Lowe's Cos Inc

LOW

0.51

Hewlett-Packard Co

HPQ

0.81

PetSmart Inc

PETM

0.96

L Brands Inc

LTD

0.46

 

 

Thursday, May 23

Ticker

EPS Estimate

Hormel Foods Corp

HRL

$0.49

Patterson Cos Inc

PDCO

0.62

Ralph Lauren Corp

RL

1.29

Ross Stores Inc

ROST

1.06

Gap Inc/The

GPS

0.67

Salesforce.com Inc

CRM

0.11

Dollar Tree Inc

DLTR

0.57

PVH Corp

PVH

1.34

GameStop Corp

GME

0.40

 

 

Friday, May 24

Ticker

EPS Estimate

Abercrombie & Fitch Co

ANF

$(-0.05)

HJ Heinz Co

HNZ

0.82

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.