Bloomberg News

Expected Earnings Growth for Industries in S&P 500

May 11, 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               6.1%   0.5%   6.0%  17.0%  8.9% 12.1% 10.7%
S&P 500 Ex-Financials              4.3%  -1.0%   3.4%  13.9%  7.1% 12.0% 10.5%

-------------------------------Consumer Discretionary---------------------------
Total Sector                       6.5%  -1.2%  10.2%  20.4%  7.6% 16.3% 15.7%
  Automobiles & Components       -14.6% -29.4%  -7.6%  63.7%  1.9% 18.3% 13.1%
  Consumer Durables & Apparel      3.2%  -3.1%  -1.9%   5.4%  0.4% 10.7% 14.6%
================================================================================
                                  Q1/12  Q2/12  Q3/12  Q4/12 FY12* FY13* FY14*
================================================================================
-------------------------------Consumer Discretionary---------------------------
  Consumer Services               14.0%   8.0%  19.1%  16.8% 20.0% 19.3% 16.7%
  Media                           16.2%   4.1%  17.8%  11.8%  9.5% 16.7% 16.3%
  Retailing                        8.7%   4.8%  13.8%  29.1%  8.4% 14.3% 16.2%

---------------------------------Consumer Staples------------------------------
Total Sector                       1.9%   2.1%   6.1%   9.5%  2.7%  9.3%  9.5%
  Food & Staples Retailing         3.1%   5.9%   9.0%  12.0%  5.6%  8.8% 10.1%
  Food Beverage & Tobacco          2.9%   1.7%   5.1%   9.8%  3.0%  9.7%  9.2%
  Household & Personal Products   -2.3%  -3.0%   5.4%   4.9% -2.3%  8.6%  9.0%

--------------------------------------Energy-----------------------------------
Total Sector                      -4.0% -11.7% -10.7%  15.9% -1.7% 10.9%  5.3%
  Energy Equipment & Services     31.8%  10.7%   4.6%   9.3% 12.8% 22.1% 20.0%
  Oil, Gas and Consumable Fuels   -7.9% -14.2% -12.7%  17.1% -3.6%  9.2%  2.8%

-------------------------------------Financials---------------------------------
Total Sector                      14.7%   8.8%  22.2%  36.3% 18.9% 12.9% 11.6%
================================================================================
                                  Q1/12  Q2/12  Q3/12  Q4/12 FY12* FY13* FY14*
================================================================================
-------------------------------------Financials---------------------------------
  Banks                           21.5%   7.8%  12.9%  23.1% 18.2% 12.1% 11.8%
  Diversified Financials           8.8%  -4.1%  -1.2%  83.0% 11.0% 18.0% 12.2%
  Insurance                       21.7%  45.1% 210.0%   1.2% 36.6%  4.6% 11.3%
  Real Estate                     16.5%  20.3%  20.3%  12.3% 24.7% 10.1%  8.7%

-------------------------------------Health Care--------------------------------
Total Sector                       0.5%  -1.9%  -1.4%   4.8%  1.1%  7.2%  8.7%
  Health Care Equipment & Srvs.    1.8%   2.5%   7.4%  13.1%  5.6% 10.7%  9.9%
  Pharma., Biotech. & Life Sci.   -0.1%  -3.9%  -5.3%   1.2% -0.9%  5.5%  8.2%

-------------------------------------Industrials--------------------------------
Total Sector                      14.0%   7.2%   8.9%  10.4% 10.1% 13.6% 12.4%
  Capital Goods                   13.4%   7.2%   9.0%  10.1%  9.9% 13.5% 12.1%
  Commercial Services & Supplies   3.2%  -3.1%  -1.9%   5.4%  0.4% 10.7% 14.6%
  Transportation                  21.1%  10.2%  12.0%  13.6% 14.0% 15.0% 13.8%


================================================================================
                                  Q1/12  Q2/12  Q3/12  Q4/12 FY12* FY13* FY14*
================================================================================
----------------------------------Information Technology------------------------
Total Sector                      14.0%   4.8%  13.2%  15.2% 21.7% 13.4% 11.6%
  Semiconductors                 -24.3% -17.6%   5.2%  39.3% -7.4% 17.1%  9.2%
  Software & Services             11.9%   3.6%   8.9%  13.6% 20.4% 13.3% 11.4%
  Technology Hardware & Equip.    30.3%  14.3%  21.3%  11.7% 34.4% 12.6% 12.4%

---------------------------------------Materials--------------------------------
Total Sector                      -8.5% -11.2%   2.3%  38.5%  2.1% 19.9%  9.8%

--------------------------------Telecommunication Services----------------------
Total Sector                      -2.3%   0.8%  -5.4%  28.2%  1.3% 18.3% 21.3%

--------------------------------------Utilities---------------------------------
Total Sector                      -7.0%  -5.8%  -4.7%  10.9% -3.3%  2.8%  4.8%
================================================================================

* -- 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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