S&P 500 Q4 Earnings: Final Numbers Are In And Its Grey

0
S&P 500 Q4 Earnings: Final Numbers Are In And Its Grey

The first quarter reporting period is already starting, but we have only just received the final S&P 500 Q4 earnings numbers. As expected, the index’s earnings clocked a year over year decline, and while it turned out slightly better than what analysts were predicting at the beginning of January, it still wasn’t a pretty picture.

Play Quizzes 4

S&P 500 Q4 earnings decline 4.17%

S&P Capital IQ Senior Analyst Lindsey Bell said S&P 500 Q4 earnings declined 4.17% to $29.28 per share, which was better than the 5.3% decline that was predicted at the beginning of the year. It was also the worst quarterly earnings decline since the second quarter of 2009, she said. Half of the sectors in the index posted positive earnings growth, with Telecom leading the way and Consumer Discretionary coming in second. Healthcare came in third place, and all three of these sectors also led the growth in the second and third quarters of 2015.

Unsurprisingly, the Energy sector continued to weigh on the S&P 500 Q4 earnings with a 73% decline. Materials also saw a significant year over year decline in earnings.

Voss Value Sees Plenty Of Opportunities In Cheap Small Caps [Exclusive]

investFor the first quarter of 2022, the Voss Value Fund returned -5.5% net of fees and expenses compared to a -7.5% total return for the Russell 2000 and a -4.6% total return for the S&P 500. According to a copy of the firm’s first-quarter letter to investors, a copy of which ValueWalk has been able Read More

Excluding the drag from the Energy sector, Bell said S&P 500 Q4 earnings would have grown 2.1%. Here’s a look at how estimates for the S&P 500 Q4 earnings developed over the last year.

Screenshot_2

She said the beat rate was 65%, which came in slightly lower than the 66% historic average.

s&p 500 Q4 earnings 5

The S&P 500 trades at a multiple of 17.6 times forward price to earnings ratio, which she said is a premium to the 15-year average.

s&p 500 Q4 earnings

Looking to the first quarter

The first quarter reporting period is already starting to get underway with Micron Technology, Carnival and others being among the first to report, although the unofficial start to the first quarter reporting period is April 11 when Alcoa reports before opening bell. Here’s a look at how the current estimates stand:

s&p 500 Q4 earnings 3

And here’s a look further out at the estimates for the second and third quarters:

s&p 500 Q4 earnings 4

All charts in this article are courtesy S&P Capital IQ.

Updated on

Michelle Jones is editor-in-chief for ValueWalk.com and has been with the site since 2012. Previously, she was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Email her at Mjones@valuewalk.com.
Previous article How I’m trying to help a desperate family member
Next article Warren Buffett – Iconic Voices For Our Time

No posts to display