Bloomberg News

Fourth Quarter of ’11 S&P 500 Earnings Snapshot as of Feb. 27

February 27, 2012

The following tables summarize the latest quarterly earnings for companies in the Standard & Poor’s (SPX) 500 Index.

Profit figures are based on income from continuing operations excluding some gains and losses. The share-weighted percentage changes are year-over-year comparisons. earnings surprises are based on estimates provided by Bloomberg.

S&P 500 Universe:
==========================================================================
                               Number of  Share-Weighted
                               Companies  % Change

Total reported Q4/11:            471@        5.7%
Higher EPS                       326        21.1%
Lower EPS                        138       -34.5%
Unchanged                          7         0.0%

S&P 500 Universe:
==========================================================================
                               Number of  Share-Weighted
                               Companies  % Change

Total reported Ex-Financial:     393         7.1%

Comparable Q4/10:                473        32.6%
End of Q4/10:                    500        33.2%
End of Q3/11:                    499        14.9%

S&P 500 Index EPS with 471/500 companies reported:     $24.37
                    *Net income (as reported) EPS:     $19.46

Earnings Surprises:
==========================================================================
                                    Q4/11              Q4/10
Positive Surprises:             298/470 =  63.4%    338/499 =67.7%
0% Surprises:                    46/470 =   9.8%     40/499 = 8.0%
Negative Surprises:             126/470 =  26.8%    121/499 =24.2%

Sector Summary:
==========================================================================
                                          Share-
                                Reported Weighted Earnings Surprises Sector
                                 /Total  %Change  (+)  same  (-)      EPS

Consumer Discretionary:          71 /80    6.3%    52    5     14    $2.36
Consumer Staples:                40 /42    2.3%    24    7     9     $2.36
Energy:                          40 /42    9.0%    23    0     17    $3.18
Financials:                      78 /80    -2.6%   44    8     26    $3.44
Health Care:                     51 /52    4.4%    31    10    10    $3.05
Industrials:                     58 /61    15.5%   43    2     13    $2.67
Information Tech:                70 /72    13.3%   51    10    9     $5.70
Materials:                       28 /30   -12.6%   15    4     9     $0.59
Telecom Svcs:                     8 /8    -25.7%   2     0     6     $0.37
Utilities:                       27 /33    -2.3%   12    2     13    $0.64

Total Reported:                 471 /500   5.7%   298    46   126   $24.37

Total Reported
   Ex-Financial:                393 /420   7.1%   254    38   100
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change    (+)  same   (-)
CONSUMER DISCRETIONARY:
  Automobiles & Components        5 /5    -16.1%      2     0     3
  Consumer Durables & Apparel    13 /13    25.6%     11     1     1
  Consumer Services              13 /14    6.8%       7     1     5
  Media                          15 /16    18.3%     14     0     0
  Retailing                      25 /32    -5.4%     18     3     4

CONSUMER STAPLES:
  Food & Staples Retailing        8 /9     4.1%       3     2     3
  Food Beverage & Tobacco        26 /27    3.4%      18     4     4
  Household & Personal Products   6 /6     -2.9%      3     1     2

FINANCIALS:
  Banks                          15 /15    19.1%      8     2     5
  Diversified Financials         26 /27   -37.4%     13     2    11
  Insurance                      22 /22    68.4%     14     1     7
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change   (+)  same   (-)
FINANCIALS:
  Real Estate                    15 /16    29.8%     10     2     3

HEALTH CARE:
  Health Care Equipment & Srvs.  30 /31    3.1%      16     7     7
  Pharma., Biotech. & Life Sci.  21 /21    5.0%      15     3     3

INDUSTRIALS:
  Capital Goods                  38 /41    15.9%     30     1     7
  Commercial & Professional Ser  11 /11    1.8%       9     0     2
  Transportation                  9 /9     18.3%      4     1     4

INFORMATION TECH:
  Semiconductors                 16 /17   -23.5%     12     2     2
  Software & Services            31 /32    6.6%      23     4     4
  Technology Hardware & Equip.   23 /23    36.0%     16     4     3
Industry Summary:
==========================================================================
                                          Share-
                                Reported Weighted  Earnings Surprises
                                 /Total   %Change   (+)  same   (-)

ENERGY:                          40 /42    9.0%      23     0    17

MATERIALS:                       28 /30   -12.6%     15     3    10

TELECOM SVCS:                     8 /8    -25.7%      2     0     6

UTILITIES:                       27 /33    -2.3%     12     2    13

TOTAL REPORTED
   UNIVERSE:                    471 /500   5.7%     298    46   126

S&P 500 Year-Over-Year Estimates
==========================================================================
Q4/11 Earnings Estimated Growth:  5.6%; Ex-Financial: 7.1%
Q1/12 Earnings Estimated Growth: -0.5%; Ex-Financial: -0.2%
S&P 500 Year-Over-Year Estimates
==========================================================================
Q2/12 Earnings Estimated Growth: 1.2%; Ex-Financial: 0.3%
Q3/12 Earnings Estimated Growth: 6.6%; Ex-Financial: 4.1%

NM -- The calculations of percentage changes between profit and loss and vice versa are not meaningful, hence not calculated.

To contact the reporter on this story: Wendy Soong in New York at csoong@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at at atanzi@bloomberg.net


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