U.S. Corporate Profits – Earnings

 

 

U.S. Corporate Profits – Earnings. Gli utili societari :

 

 

Projected earnings per share before taxes

S&P 500 EARNINGS GROWTH PROJECTIONS_TOPA

S&P 500 EARNINGS GROWTH PROJECTIONS_TOPB

Earnings after taxes 1950 – 2001

S&P 500 EARNINGS GROWTH PROJECTIONS_A

 

 

 

 

New York, NY – Through June 18, 2007 Reuters Estimates finds that for the second quarter of 2007, earnings are currently projected to rise 5.9%, compared to 5.7% last week and 6.0% when the second quarter started (April 1st) (earnings fail under 10% for the 2nd time since the second quarter of 2002, compared with the 4Q of 2006  Earnings growth number when it was +10.1% and marked the impressive 18 straight quarters of double-digit profit growth ). This growth rate combines actual numbers for the companies that have reported and estimates for companies that have not yet reported. Earnings for the 3 quarter of 2007 are currently anticipated to grow 2.6%. The final S&P 500 first quarter of 2007 earnings growth was 8.6%, earnings fail under 10% for the first time since the second quarter of 2002 (Look the table above).

 

 

On a sector basis, the Technology and Healthcare sectors are expected to show the largest year over-year earnings gains, 15% and 14%, respectively. Conversely, the Cyclical Consumer Goods & Services and Energy sectors are expected to show the least favorable earnings gains, a 4% and 3% decline, respectively. (Look the table above).

 

 

 

2007 S&P P/E = 16.05 volte gli utili  – 2008 = 14.26 volte gli utili  – 2006 S&P P/E = 16.28 volte gli utili – 2005 S&P P/E = 15.12 volte gli utili –  2004 S&P P/E = 16.45 volte gli utili .   Stock prices are relatively low with the forward price-earnings ratio of the S&P 500 at 16.6 when the 10-year average is 18.6, contro le 37 volte gli utili all’inizio del 2000. Quella valutazione coincise con il culmine della bolla azionaria, e rappresentò un valore superiore del +76% a tutte le rilevazioni del P/E per i precedenti cento anni.

 

 

 

Earnings for the whole 2007 are currently expected to rise by +7.7% to $93.97  (Earnings for the whole 2008 are currently expected to rise by +12.6% to $105.74  ) from   for the whole 2006 they rose by +14.8% to $87.29  from +13.3%  $ 76.01  for the whole 2005. The Average Overall annual profit growth at S&P 500 companies since 1947, averaged by 7.6%.  (Look the table above).

 

 

 

 

The final S&P 500 1Q of 2007 – Estimates finds the final first quarter 2007 S&P 500 growth number was +8.6% to $22.49,  (compared to 14.4% in the first quarter of 2006 ) earnings fail under 10% for the first time since the second quarter of 2002, from in the 4Q of 2006  Earnings growth number was +10.1% to  $22.75 marked the impressive 18 straight quarters of double-digit profit growth for the largest U.S. companies that started in June 2002 from 3Q 2006 rose by +21.10% to  $22.97, from 2Q 2006  +13.5% to  $21.61  from 1Q of 2006 rose +14.4% from 4Q 2005 +13.8% at  $20.67, from +13.2% in the 3Q 2005  from 2Q 2005  +12.7%  from   +13.8% in the 1Q, from the 4Q 2004 +20,4% the strongest increase in profits since – (Look the table above). 
 

 

 

 

1Q of 2007 – On a sector basis:

 

Details:   

 

Basic Materials 15% 
Financial 13%
Technology  +11%
Healthcare +12%
Industrial sectors  +11%
Utilities +4% 
Non-Cyclical Consumer Goods & Services a +5%
Energy +3%
Telecommunications -2%
Cyclical Consumer Goods & Services -5%

 

 

 

Earnings for the whole 2006 rose +14.8% $87.29   from 13.3%  $ 76.01   for the whole  2005. The Average Overall annual profit growth at S&P 500 companies since 1947, averaged by 7.6%. 

 

 

 

EPS $  before taxes for S&P 500

 

2003:  1Q  $15.18    2Q   $13.45      3Q    $14.43      4Q        $15.11     $ 55.52   
2004:  1Q  $15.9      2Q   $16.9        3Q    $16.76      4Q        $18.16     $ 67.72   
2005:  1Q  $18.09    2Q   $19.04      3Q    $18.97      4Q        $20.67     $ 76.01   
2006:  1Q  $20.70    2Q   $21.61      3Q    $22.97      4Q        $22.75     $ 87.29  
2007:  1Q  $22.49    2Q   $22.88      3Q    $23.56      4Q        $25.84     $ 93.97  
2008:  1Q  $22.49    2Q   $22.80      3Q    $23.55      4Q        $25.81    $105.74  

 

EPS %  Year over year growth before taxes for S&P 500

 

2003: 1Q  +13.00%  2Q   +13.50%   3Q   +18.70%  4Q  +24.20%  Tot  +16.30%
2004:  1Q  +24.50%  2Q   +25.70%   3Q   +15.30%  4Q  +20.40%  Tot  +20.40%
2005:  1Q  +13.80%  2Q  +12.70%   3Q +13.50%     4Q  +13.80%  Tot  +13.30%
2006:  1Q  +14.40%  2Q  +13.50%   3Q  +21.10%    
4Q   +10.10%  Tot  +14.80%
2007:  1Q  +  8.6%   2Q  +  5.90%   3Q  + 2.60%    4Q  +13.60%  Tot  +  7.70%

2008:  …………………………………………………….Tot  +12.50%
 

 

 

Marco Montanari

Annunci

I commenti sono chiusi.

%d blogger hanno fatto clic su Mi Piace per questo: