Earnings Season Opens: Early News and Previews

Earnings
Earnings

Earnings

season unofficially kicks off today, but 26 companies have already reported for the second quarter of this year.
According to institutional data provider Capital IQ, here are some of the highlights so far:

  • As a whole, the S&P 500 has reported an upside EPS surprise of 5%.

  • The sectors expected to perform best include Materials (up 49.6%), Energy (up 34.4%), and Industrials (up 13.3%).

  • One of the quarter's biggest winners so far is Discovery Financial Services (DFS) up 230.3%. Another big winner is Monsanto (MON), which is up 55.6%.

  • On the losing side is Micron Technology (MU) with its negative 83.7% surprise.

Sector

Above

Match

Below

Surprise

Reported

Index

Consumer Discretionary

80%

10%

10%

8.4%

10

79

Consumer Staples

50%

17%

33%

1%

6

41

Energy

-

-

-

0%

0

41

Financials

100%

0%

0%

45.3%

1

81

Healthcare

-

-

-

0%

0

52

Industrials

0%

100%

0%

0%

1

60

Information Technology

71%

14%

14%

(23.4%)

7

75

Materials

100%

0%

0%

10.5%

1

30

Telecom

-

-

-

0%

0

8

Utilities

-

-

-

0%

0

33

S&P 500

69%

15%

15%

5%

26

500


Source: Capital IQ Consensus Estimate, a division of Standard & Poor's.

About one dozen companies are expecting to report earnings this week, according to Capital IQ Consensus Estimates. Key ones to watch:

  • Alcoa (AA) is expected to report EPS of $0.33.

  • Google (GOOG) is supposed to report EPS of $7.79.

  • JPMorgan Chase (JPM) is expected to report EPS of $1.20.

We'll bring you the latest on all of these as they report. In the meantime, investors in these stocks should read the full quarterly reports to see how each company is performing, and learn what management thinks about the current industry climate. These companies' conference-call transcripts can also add more depth to your research.

Motley Fool analyst Jordan DiPietro owns no shares of companies mentioned in this article. The Motley Fool owns shares of JPMorgan Chase and Google.




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