Bloomberg News

First Quarter of ’12 S&P 500 Earnings Snapshot as of May 2

May 02, 2012

The following tables summarize the latest quarterly earnings for companies in the Standard & Poor’s 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 Q1/12:          360@         6.1%
Higher EPS                       237       18.5%
Lower EPS                        111       -20.0%
Unchanged                         12        0.0%

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

Total reported Ex-Financial:    294         4.9%

Comparable Q1/11:                360        21.8%
End of Q1/11:                    498        19.9%
End of Q4/11:                    500         4.9%

S&P 500 Index EPS with 360/500 companies reported:     $25.47
                  *Net income (as reported) EPS:       $22.98

Earnings Surprises*:
==========================================================================
                                    Q1/12              Q1/11
Positive Surprises:             250/360 = 69.4%     337/497 =67.8%
0% Surprises:                   36/360 =  10.0%      51/497 =10.3%
Negative Surprises:             74/360 =  20.6%     109/497 =21.9%

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

Consumer Discretionary:          49 /80    4.0%    41    4     4     $2.10
Consumer Staples:                26 /42    1.0%    18    3     5     $2.14
Energy:                          31 /43    -5.6%   16    1     14    $3.36
Financials:                      66 /81    11.3%   43    8     15    $4.80
Health Care:                     42 /52    0.1%    26    7     9     $3.25
Industrials:                     51 /61    13.2%   41    2     8     $2.52
Information Tech:                50 /71    21.9%   35    9     6     $5.06
Materials:                       25 /30   -10.3%   20    2     3     $0.92
Telecom Svcs:                     5 /8     -0.6%   3     0     2     $0.55
Utilities:                       15 /32    -6.7%   7     0     8     $0.79

Total Reported:                 360 /500   6.1%   247    36    73   $25.47

Total Reported
   Ex-Financial:                294 /419   4.9%   204    28    58
Industry Summary:
==========================================================================
                                          Share-
                                Reported  Weighte  Earnings Surprises
                                 /Total   %Change  (+)  same   (-)
CONSUMER DISCRETIONARY:
  Automobiles & Components        5 /5    -14.6%      3     1     1
  Consumer Durables & Apparel    12 /13    18.0%      8     1     3
  Consumer Services              12 /14    3.3%      11     1     0
  Media                           8 /16    17.8%      7     1     0
  Retailing                      12 /32    4.5%      12     0     0

CONSUMER STAPLES:
  Food & Staples Retailing        5 /9     0.8%       4     1     0
  Food Beverage & Tobacco        16 /27    2.8%      11     1     4
  Household & Personal Products   5 /6     -2.6%      3     1     1

FINANCIALS:
  Banks                          15 /15    21.5%     11     3     1
  Diversified Financials         26 /27    6.5%      17     4     5
  Insurance                      14 /22    11.0%      8     0     6
Industry Summary:
==========================================================================
                                          Share-
                                Reported  Weighte  Earnings Surprises
                                 /Total   %Change  (+)  same   (-)
FINANCIALS:
  Real Estate                    11 /17    31.2%      6     1     3

HEALTH CARE:
  Health Care Equipment & Srvs.  23 /31    1.0%      14     6     3
  Pharma., Biotech. & Life Sci.  19 /21    -0.2%     12     1     6

INDUSTRIALS:
  Capital Goods                  34 /41    12.0%     27     1     5
  Commercial & Professional Ser   9 /11    4.0%       7     0     2
  Transportation                  8 /9     22.3%      6     1     1

INFORMATION TECH:
  Semiconductors                 13 /17   -20.3%      9     2     2
  Software & Services            19 /31    13.3%     14     4     1
  Technology Hardware & Equip.   18 /23    55.0%     12     3     2
Industry Summary:
==========================================================================
                                          Share-
                                Reported  Weighte  Earnings Surprises
                                 /Total   %Change  (+)  same   (-)

ENERGY:                          31 /43    -5.6%     16     1    14

MATERIALS:                       25 /30   -10.3%     19     2     3

TELECOM SVCS:                     5 /8     -0.6%      3     0     2

UTILITIES:                        5 /32    -6.7%      7     0     8

TOTAL REPORTED
   UNIVERSE:                    360 /500   6.1%     247    36    73

S&P 500 Year-Over-Year Estimates
==========================================================================
Q1/12 Earnings Estimated Growth: 5.1%;  Ex-Financial: 4.0%
Q2/12 Earnings Estimated Growth: 1.0%;  Ex-Financial: -0.6%
S&P 500 Year-Over-Year Estimates
==========================================================================
Q3/12 Earnings Estimated Growth: 6.3%;  Ex-Financial: 3.7%
Q4/12 Earnings Estimated Growth: 17.3%;  Ex-Financial: 14.3%

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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