• Earnings Scorecard: As of today (with 84% of the companies in the S&P 500 reporting actual results for Q2 2017), 72% of S&P 500 companies have beat the mean EPS estimate and 70% of S&P 500 companies have beat the mean sales estimate.
• Earnings Growth: For Q2 2017, the blended earnings growth rate for the S&P 500 is 10.1%. Ten sectors are reporting earnings growth for the quarter, led by the Energy sector.
• Earnings Revisions: On June 30, the estimated earnings growth rate for Q2 2017 was 6.4%. Ten sectors have higher growth rates today (compared to June 30) due to upside earnings surprises.
• Earnings Guidance: For Q3 2017, 50 S&P 500 companies have issued negative EPS guidance and 33 S&P 500 companies have issued positive EPS guidance.
• Valuation: The forward 12-month P/E ratio for the S&P 500 is 17.7. This P/E ratio is above the 5-year average (15.4) and above the 10-year average (14.0).
Source : Factset
