S&P 500 Sector EPS Growth for Q2

With 19% of the S&P 500 having reported through Friday, at right we highlight the current year over year earnings growth for sectors in the second quarter (click to enlarge).  We also highlight what the growth estimates were for Q2 at the start of earnings season to show how each sector is doing thus far.

As shown, the 21% of Tech stocks that have reported have seen year over year growth of 24.7% in Q2, which is almost double the 13.1% estimate at the start of July.  Tech is followed by Materials at 17.5%, Healthcare at 13%, Energy at 12.7%, and Consumer Staples at 12.6%. 

While it has seen negative growth so far, the Consumer Discretionary sector is coming in much better than expected at -2.7% (versus estimates of -23.5%).  Financials are once again the big loser, with year over year growth at -94% versus estimates of -60%.  These losses in the Financial sector have caused the S&P 500 as a whole to see an earnings decline of 32.6% so far. 

Below we highlight a chart of the same growth data versus estimates (excluding Financials so the chart range is not so wide).

Comments

[Lynn]

Good info. I hope you keep updating this throughout the earnings season.