Bloomberg News

Expected Earnings Growth for Industries in S&P 500

March 23, 2012

The following table details the expected quarterly and annual year-over-year share-weighted earnings growth for industry groups in the Standard and Poor’s 500 Index.

Percentages are calculated using Bloomberg earnings estimates for the current period compared with actual figures from a year ago. Companies are then grouped together by industry and summed for each period to calculate the percentage growth.


================================================================================
                                  Q1/12  Q2/12  Q3/12  Q4/12 FY12* FY13* FY14*
================================================================================
S&P 500 Index Growth               0.2%   1.7%   7.0%  17.2%  8.2% 12.6% 10.4%
S&P 500 Ex-Financials              0.1%   0.7%   4.7%  14.4%  6.9% 12.2%  9.9%

-------------------------------Consumer Discretionary---------------------------
Total Sector                      -2.5%   1.7%  10.2%  16.8%  7.4% 16.3% 15.3%
  Automobiles & Components       -32.1% -20.6% -10.1%  49.5%  1.7% 17.7% 13.7%
  Consumer Durables & Apparel      1.9%  -1.4%   0.1%   5.7%  1.4% 11.0% 16.5%
================================================================================
                                  Q1/12  Q2/12  Q3/12  Q4/12 FY12* FY13* FY14*
================================================================================
-------------------------------Consumer Discretionary---------------------------
  Consumer Services                1.3%   8.3%  20.1%  17.1% 19.3% 19.7% 15.4%
  Media                           10.3%   8.1%  18.6%  10.3%  9.9% 17.0% 15.4%
  Retailing                        1.3%   5.9%  14.3%  21.6%  7.5% 14.0% 16.3%

---------------------------------Consumer Staples------------------------------
Total Sector                      -0.1%   4.7%   7.1%  10.4%  3.4%  9.6%  9.4%
  Food & Staples Retailing         1.8%   5.2%   9.1%  12.5%  5.4%  8.8% 10.2%
  Food Beverage & Tobacco          0.1%   3.3%   6.1%  10.4%  3.1% 10.0%  9.2%
  Household & Personal Products   -3.4%   8.6%   7.2%   7.1%  1.2%  9.6%  8.9%

--------------------------------------Energy-----------------------------------
Total Sector                      -2.5%  -7.5%  -6.5%  22.5%  2.0% 12.9%  1.8%
  Energy Equipment & Services     32.0%  20.9%  13.2%  16.6% 20.3% 21.7% 15.4%
  Oil, Gas and Consumable Fuels   -6.3% -10.7%  -9.0%  23.6% -0.4% 11.5% -0.6%

-------------------------------------Financials---------------------------------
Total Sector                       0.9%   7.5%  21.5%  35.0% 15.8% 14.7% 12.9%
================================================================================
                                  Q1/12  Q2/12  Q3/12  Q4/12 FY12* FY13* FY14*
================================================================================
-------------------------------------Financials---------------------------------
  Banks                           13.4%   3.8%  11.1%  21.0% 14.2% 13.5% 11.6%
  Diversified Financials          -4.4%  -4.0%  -0.4%  84.5% 10.1% 18.7% 14.5%
  Insurance                       -2.2%  44.8% 208.7%  -0.3% 29.1%  8.9% 12.1%
  Real Estate                     18.6%  14.4%  13.0%   4.7% 21.1% 10.1%  9.0%

-------------------------------------Health Care--------------------------------
Total Sector                      -1.6%  -0.2%   0.1%   5.7%  1.6%  7.1%  8.7%
  Health Care Equipment & Srvs.   -0.3%   4.8%   8.4%  12.0%  5.7% 10.6% 10.1%
  Pharma., Biotech. & Life Sci.   -2.2%  -2.6%  -3.7%   2.8% -0.3%  5.4%  7.9%

-------------------------------------Industrials--------------------------------
Total Sector                       8.2%   8.1%   9.3%  11.0%  9.2% 14.1% 13.0%
  Capital Goods                    7.0%   7.5%   8.9%  10.6%  8.6% 14.0% 12.6%
  Commercial Services & Supplies   1.9%  -1.4%   0.1%   5.7%  1.4% 11.0% 16.5%
  Transportation                  17.7%  14.0%  14.2%  14.5% 14.7% 15.3% 14.1%


================================================================================
                                  Q1/12  Q2/12  Q3/12  Q4/12 FY12* FY13* FY14*
================================================================================
----------------------------------Information Technology------------------------
Total Sector                       5.7%   3.9%  13.9%  13.2% 17.8% 13.0% 11.7%
  Semiconductors                 -24.9% -17.4%   3.8%  36.4% -9.6% 17.6% 13.0%
  Software & Services              8.6%   3.2%   9.4%  13.3% 16.4% 12.8% 11.4%
  Technology Hardware & Equip.    13.2%  12.2%  22.9%   8.0% 30.0% 12.0% 11.6%

---------------------------------------Materials--------------------------------
Total Sector                     -16.1%  -5.6%   5.0%  42.5%  3.2% 18.3% 10.2%

--------------------------------Telecommunication Services----------------------
Total Sector                     -10.1%  -0.1%  -7.1%  44.1%  0.4% 19.4% 20.1%

--------------------------------------Utilities---------------------------------
Total Sector                      -3.3%  -6.6%  -5.7%   5.0% -3.4%  2.0%  5.1%
================================================================================

* -- Fiscal year EPS from each company was used to calculate the growth, it might not add up from the quarterly EPS.

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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