Earnings Scorecard

With 95% of companies in the S&P 500 reporting earnings to date for Q1 2016, 71% have

reported earnings above the mean estimate and 53% have reported sales above the mean estimate.

 

Earnings Growth:

For Q1 2016, the blended earnings decline is -6.8%. The first quarter marked the first time the

index has recorded four consecutive quarters of year-over-year declines in earnings since Q4 2008 through Q3

2009.

 

Earnings Guidance:

For Q2 2016, 73 companies have issued negative EPS guidance and 30 companies have issued positive EPS guidance.

 

Valuation:

The forward 12-month P/E ratio is 16.3. This P/E ratio is based on Thursday’s closing price (2040.04)

and forward 12-month EPS estimate ($125.48).