earning 5 ~~

• Earnings Scorecard: With 95% of the companies in the S&P 500 reporting earnings to date for Q2 2016, 71% have reported earnings above the mean estimate and 54% have reported sales above the mean estimate.
• Earnings Growth: For Q2 2016, the blended earnings decline for the S&P 500 is -3.2% vs. the estimated earnings decline for Q2 2016 was -5.5%. Seven sectors have higher growth rates due to upside earnings surprises, led by the Information Technology and Consumer Discretionary sectors.
• Earnings Guidance: For Q3 2016, 72 S&P 500 companies have issued negative EPS guidance and 30 S&P 500 companies have issued positive EPS guidance.
• Valuation: The forward 12-month P/E ratio for the S&P 500 is 17.1 on forward 12-month EPS estimate ($128.46).