Quarterly Updates

LPL Financial Research Quarterly Earnings Season Dashboard

Tracking #1-820873 (Exp. 04/19)

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Thomson Reuters, LPL Research   02/08/19

 

Important Disclosures:

Note: Revenue and earnings growth statistics are a blend of actual results and Thomson Reuters consensus forecasts for companies that have not yet reported. Trailing earnings cover the four quarters ending Q4 2018 and include estimates for Q4 2018, while forward earnings cover the four quarters beginning Q1 2019.

Any revenue forecasts presented are based on Thomson Reuters consensus. Any earnings forecasts are based on Thomson Reuters consensus, plus the long-term historical average for upside to estimates of 3%.

Past performance is not indicative of future results.

The economic forecasts set forth may not develop as predicted.

All indexes are unmanaged and cannot be invested into directly.

The S&P 500 Index is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. EPS serves as an indicator of a company’s profitability. Earnings per share is generally considered to be the single
most important variable in determining a share’s price. It is also a major component used to calculate the price-to-earnings valuation ratio.

Because of their narrow focus, specialty sector investing, such as healthcare, financials, or energy, will be subject to greater volatility than investing more broadly across many sectors and companies.

LPL Financial Research Q4 2018 Earnings Season Dashboard

– With two-thirds of S&P 500 companies reporting, Q4 2018 earnings growth is tracking near 17% YoY, about

one percentage point ahead of Jan. 1, 2019, estimates. Energy has produced the biggest upside surprise.

– S&P 500 earnings estimates for 2019 have been reduced by 2.8%, roughly in line with long-term averages,

due to slower global growth and trade tensions, which should facilitate Q1 upside surprises.

This research material has been prepared by LPL Financial LLC.

 

To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial LLC is not an affiliate of and makes no representation with respect to such entity.

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