Bloomberg News

Expected Earnings Growth for Industries in S&P 500

August 03, 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.


================================================================================
                                  Q2/12  Q3/12  Q4/12  Q1/13 FY12* FY13* FY14*
================================================================================
S&P 500 Index Growth              -0.5%  -1.5%  10.5%   4.5%  5.7% 11.4% 11.7%
S&P 500 Ex-Financials             -1.3%  -4.9%   7.3%   6.1%  3.9% 11.2% 11.7%

-------------------------------Consumer Discretionary---------------------------
Total Sector                      -0.9%   4.3%  16.9%  12.8%  6.8% 14.5% 16.7%
  Automobiles & Components       -23.0% -25.7%  33.0%  18.2% -8.9% 18.1% 19.9%
  Consumer Durables & Apparel      3.1%  -6.8%  -0.6%   7.9% -0.5%  9.0% 12.7%
================================================================================
                                  Q2/12  Q3/12  Q4/12  Q1/13 FY12* FY13* FY14*
================================================================================
-------------------------------Consumer Discretionary---------------------------
  Consumer Services               16.6%   9.6%  14.7%  18.7% 35.9%  6.2% 16.6%
  Media                            4.0%  15.5%  11.0%  16.3%  8.7% 16.9% 16.8%
  Retailing                        0.4%   9.9%  26.8%   6.1%  7.8% 13.4% 16.5%

---------------------------------Consumer Staples------------------------------
Total Sector                       1.2%   1.5%   6.2%   5.8%  1.6%  8.1%  9.3%
  Food & Staples Retailing         5.8%   8.1%  11.5%   9.9%  5.2%  9.9%  9.7%
  Food Beverage & Tobacco          0.0%  -0.7%   5.6%   3.9%  1.5%  8.4%  9.6%
  Household & Personal Products   -2.1%  -0.4%  -0.6%   4.7% -2.9%  4.3%  7.9%

--------------------------------------Energy-----------------------------------
Total Sector                     -16.8% -27.0%  -3.7%  -3.7%-12.5%  8.4% 10.9%
  Energy Equipment & Services     20.6%   2.0%   6.4%  15.3% 13.7% 19.3% 23.5%
  Oil, Gas and Consumable Fuels  -21.2% -30.9%  -5.6%  -6.8%-16.0%  6.5%  8.3%

-------------------------------------Financials---------------------------------
Total Sector                       4.0%  20.3%  30.8%  -2.4% 15.9% 12.5% 11.7%
================================================================================
                                  Q2/12  Q3/12  Q4/12  Q1/13 FY12* FY13* FY14*
================================================================================
-------------------------------------Financials---------------------------------
  Banks                           13.1%  17.2%  24.9%  10.3% 20.5% 10.3% 10.2%
  Diversified Financials         -14.9%  -4.6%  69.8%  -1.4%  5.2% 17.6% 13.6%
  Insurance                       48.7% 197.6%  -2.3% -15.9% 33.1%  5.6% 10.2%
  Real Estate                     15.0%  18.0%   9.1%   9.1% 25.8% 10.6%  8.5%

-------------------------------------Health Care--------------------------------
Total Sector                       1.3%  -4.7%   1.5%   1.7%  0.7%  6.9%  8.7%
  Health Care Equipment & Srvs.    7.9%   7.9%  15.5%  13.5%  3.6% 10.1%  9.9%
  Pharma., Biotech. & Life Sci.   -1.7% -10.2%  -4.6%  -3.9% -0.7%  5.4%  8.1%

-------------------------------------Industrials--------------------------------
Total Sector                       8.6%   1.2%   3.9%   5.7%  8.7% 11.7% 11.9%
  Capital Goods                    7.8%   0.3%   2.9%   3.9%  8.4% 11.4% 11.6%
  Commercial Services & Supplies   3.1%  -6.8%  -0.6%   7.9% -0.5%  9.0% 12.7%
  Transportation                  14.2%   7.8%  10.1%  14.9% 13.1% 14.0% 13.3%


================================================================================
                                  Q2/12  Q3/12  Q4/12  Q1/13 FY12* FY13* FY14*
================================================================================
----------------------------------Information Technology------------------------
Total Sector                       5.1%   3.8%  12.1%  10.0% 19.0% 13.6% 12.4%
  Semiconductors                 -17.2% -12.8%  23.0%  23.4%-14.5% 15.5% 10.8%
  Software & Services              8.9%   2.3%  12.1%  14.4% 18.7% 13.0% 12.4%
  Technology Hardware & Equip.     8.2%  11.3%   9.8%   3.3% 32.3% 13.8% 12.9%

---------------------------------------Materials--------------------------------
Total Sector                     -16.8% -19.3%  21.2%  17.9% -7.0% 22.2% 11.6%

--------------------------------Telecommunication Services----------------------
Total Sector                       2.3%  -1.8%  12.8%   3.1%  0.2% 20.6% 23.6%

--------------------------------------Utilities---------------------------------
Total Sector                       0.3%  -4.1%   8.0%   8.5% -1.6%  2.9%  4.0%
================================================================================

* -- 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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