Earnings Season 3Q14 Preview

Earnings Season 3Q14 Preview shows earnings are forecasted to be a bit higher than long term averages.  Here are the key numbers markets will be watching:   The Source for stats was FACTSET unless indicated otherwise.

EARNINGS SEASON 3Q14 PREVIEW – EARNINGS EXPECTATIONS

Earnings are expected to grow 4.6%

Telecom sector is expected to be the strongest sector 

Consumer Discretionary Spending is the only sector expected to report year-over-year decline

GUIDANCE FOR 3Q14 (FROM 2Q14)

Negative guidance has been the trend for the past few quarters. Last quarter was no exception.

Last quarter 82 companies issued negative EPS estimates; 27 issued positive EPS expectations.

 

EARNINGS SEASON 2Q14 REVIEW

LAST QUARTER 2Q14 – EARNINGS
68% of stocks reported greater than expected earnings
10% of earnings were in line
22% of stock reported earnings below expectations

LAST FOUR QUARTER 2Q14 – EARNINGS
67% of stocks reported greater than expected earnings
10% of earnings were in line
23% of stock reported earnings below expectations

LONG TERM AVERAGES (since 1994) – EARNINGS
63% of stocks reported greater than expected earnings
16% of earnings were in line
21% of stock reported earnings below expectations

 

Table 1 breaks down the above statistics into industry sectors (source: Thomson I/B/E/S).  Last Quarter Health Care was the stand out winner with 84% of companies reporting earnings 8% higher than expected, while 89% of health care revenues were reported 4% higher than expected.

Earnings Season 3Q14 - Preview

 

EARNINGS SEASON 3Q14 PREVIEW

Below are tables with a list of the earnings release dates as well as the predicted move for this earnings season, the change in stock price since last earnings season and the estimated EPS.  Source: http://www.stocksearning.com/

Earnings Season 3Q14 - Preview

Source: http://www.stocksearning.com

 

For Earnings Release dates and prior stock moves from October 20, 2014 on

Well, there’s the numbers we need to focus on.  More news to follow as earnings reports are reviewed cleansed of talking head nonsense.

In the meantime, enjoy the day (or weekend for my friends in Asia)

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