Obama Policies Help Companies Post Strong 2nd Qtr Earnings

[drivebymedia]

Even the ConstantlyNegativeBush Crowd has to concede the economy is recovering nicely ....



...According to Bloomberg, 87 percent of the companies in the S&P 500 have reported at this point.

Seventy-two percent of those companies beat the consensus estimate for earnings per share, and 56 percent beat the consensus estimate for revenue. Those results compare with 3 percent and 49 percent, respectively, in the first quarter. In the second quarter, the average beat relative to estimates has been 2.7 percent for EPS and 0.4 percent for sales.


Taking stock of S&P earnings

 

[drivebymedia]

....In the first quarter, the average beat on EPS was 5 percent, while the average revenue miss was -0.5 percent. None of these numbers strike me as wildly surprising. As is usually the case, companies were able to beat the conservative EPS guidance provided by management. But revenues are coming in modestly ahead of expectations for the second quarter versus modestly below in the first.


Taking stock of S&P earnings

 

[Soggy in NOLA]

Ok, what Obama policies.... pumping $10,000,000,000 a month into the economy? the $3,000,000,000,000 new entitlement program? The sharp increase in people on public assistance?



DriveBy.. you have to be one of the dumbest people here... seriously.

 

[eagle1462010]

Bureau of Labor Statistics Data

I guess if you turn the graph upside down from that site, it looks good.

Good work Lib.

 

[drivebymedia]

Bureau of Labor Statistics Data

I guess if you turn the graph upside down from that site, it looks good.

Good work Lib.

Ahem .... I think you're in the wrong thread son

 

[drivebymedia]

Earnings Growth in 2nd Q explodes over 1st Q !!

According to Bloomberg, average EPS growth for S&P 500 companies that have reported so far is 4.1 percent. It was 1.9 percent in the first quarter. Average revenue growth has been 1.7 percent, versus -0.8 percent in the first quarter.

 

[eagle1462010]

Bureau of Labor Statistics Data

I guess if you turn the graph upside down from that site, it looks good.

Good work Lib.

Ahem .... I think you're in the wrong thread son

Ummm

I disagree. But feel free to disregard the data there as you already have..............

 

[drivebymedia]

I disagree. But feel free to disregard the data there as you already have

Now, be nice.

This is a thread on 2nd Q Corporate Earnings

There is another thread on job numbers.

The relationship between the 2 are the Economy and the Equity markets - which track each other religiously ... as Equity markets have doubled since 2009.

 

[ryaan]

Really amazing. Previously, had no idea on this. Hopefully companies will also beat estimates in 4QFY13.

 

[ashleyjames389]

Wal-Mart is cutting down on permanent employees and hiring part timers to cut down on health insurance cost imposed by Obama Care. This is negatively impacting Wal-Marts customer service experience leading to low revenue and profits

 

[Publius1787]

Even the ConstantlyNegativeBush Crowd has to concede the economy is recovering nicely ....



...According to Bloomberg, 87 percent of the companies in the S&P 500 have reported at this point.

Seventy-two percent of those companies beat the consensus estimate for earnings per share, and 56 percent beat the consensus estimate for revenue. Those results compare with 3 percent and 49 percent, respectively, in the first quarter. In the second quarter, the average beat relative to estimates has been 2.7 percent for EPS and 0.4 percent for sales.


Taking stock of S&P earnings

I agree. Creating barriers to entry for small business competitors always helps big business post high earnings. Indeed, in the absence of rule of law, the companies who are politically well connected with the White House can push for regulations to keep out competitors. Regulations are certainly something Obama's been pushing for. Furthermore, large corporations have enough capital to wait out the long recession while small businesses go under. Now they are reaping the benefits. Thank you Obama.