Financial Professionals

Market Insights

A A A

SPX CQ2 EARNINGS SUMMARY

08/09/2013

As Friday August 9, 2013 second quarter calendar earnings have been reported for 447 out of the 500 S&P 500 Index (SPX) companies.

The week of August 12, 2013 there will be another 14 SPX companies reporting.

  • Monday; Sysco (SYY)
  • Tuesday; JDS Uniphase (JDSU)
  • Wednesday; Deere (DE), Macy’s (M), Cisco (CSCO), NetApp Inc. (NTAP), Agilent Technologies(A)
  • Thursday; PetSmart (PETM), Nordstrom (JWN), Applied Materials (AMAT), Perrigo (PRGO), Kohl’s (KSS), Walmart (WMT), Estee Lauder (EL)
  • Friday; No SPX companies report

Other SPX metrics

Gross Margin for CQ2 is 31.99% down from CQ1’s 32.25%
Operating Margin for CQ2 is 13.39% slightly above CQ1’s 13.38%
EBITDA Margin for CQ2 is 18.57% down from CQ1’s 18.65%
Profit Margin for CQ2 is 8.61% above CQ1’s 8.33%
Return on Equity for CQ2 is 14.00 above CQ1’s 13.70

P/E currently is 16.35 above CQ1’s 15.38

Current SPX Earnings are $103.80
FY 2013 expected earnings are $110.27, 2012 actual earnings were $101.31 & 2011 actual earnings were $98.97
FY 2014 expected earnings are $122.30
Earnings for CQ2 are $26.45 better than CQ1’s $26.02

FCF Yield for CQ2 stands at 6.58% better than CQ1’s 6.39%
The SPX Dividend Yield for CQ2 is 2.05%, for CQ1 it was 2.10%

SectorReportedWaitingEPS GrowthEPS SurpriseSales GrowthSales Surprise

SPX Index

447

53

3.66%

2.80%

1.16%

0.41%

Consumer Discretionary

59

24

11.09%

3.47%

7.26%

0.89%

Financials

81

0

28.71%

8.86%

6.80%

2.67%

Utilities

30

1

7.86%

0.29%

9.12%

3.92%

Health Care

50

4

-1.29%

5.32%

2.44%

0.51%

Technology

58

12

-4.87%

0.30%

2.10%

-0.55%

Telecom

6

0

-1.46%

-0.36%

2.49%

0.29%

Consumer Staples

32

8

1.95%

2.05%

-0.45%

-1.18%

Industrials

57

4

-1.31%

2.72%

0.95%

0.24%

Energy

43

0

-8.37%

-4.10%

-8.49%

-0.71%

Materials

31

0

-11.6%

-0.56%

-1.04%

-0.44%

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.