FYI: The Q2 2016 blended earnings growth estimate is -4.8%. Excluding the energy sector, the earnings growth estimate for the index improves to -0.9%.
◦5% of the S&P 500 companies have reported Q2 2016 EPS. Of the 500 companies in the S&P 23 that have reported earnings to date for Q2 2016, 61% have reported earnings above analyst expectations, 22% reported earnings in line with analyst expectations and 17% reported earnings below analyst expectations. In a typical quarter (since 1994), 63% of companies beat estimates, 16% match and 21% miss estimates. Over the past four quarters, 70% of companies beat estimates, 9% matched and 21% missed estimates.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/2016/07/sp-500-earnings-dashboard-2/
