Bloomberg News

Summary of Reported EPS for Second Quarter of ’12 for S&P 500

August 07, 2012

The following are the cumulative earnings per share results for the second quarter of 2012 for companies in the Standard & Poor’s (SPX) 500 Index. The earnings included in the second quarter is based on companies announced quarter ended date in the period of May 16 to Aug. 15 and were as of index members on June 29 (the last day of the quarter).

Weighted and non-weighted averages are year-over-year percent changes. Share-weighted averages are based upon diluted shares outstanding of each compared quarter. Market capitalization weighted averages are based upon the market capitalization as of the close on June 29, 2012. The percentages calculations are based on earnings from continuing operations excluding gains, charges and one-time items.

Adjusted earnings calculations for the index are based on income from continuing operations excluding items. Net income (as reported) earnings are based on net income including charges and discontinued operation. Earnings figures are diluted. Earnings estimates (IBM:US) are provided by Bloomberg. Following is the summary:


==========================================================================
                                           SHARE-     MKT-CAP     NON-
                                          WEIGHTED   WEIGHTED  WEIGHTED
THE S&P 500 UNIVERSE:                      % CHG      % CHG      % CHG
==========================================================================

TOTAL REPORTED Q2/12   431   GAIN/LOSS:     -0.1%       8.9%      6.3%
TOTAL UP  EPS          286   AVG. UP:       16.0%      18.1%     22.5%
  REVERSALS UP           6^
TOTAL DOWNEPS          137   AVG. DOWN:    -26.9%     -19.5%    -26.6%
  REVERSALS DOWN         6^
UNCHANGED EPS            8
TOTAL EX-FINANCIAL:    350   GAIN/LOSS:     -1.0%       8.9%      6.0%

==========================================================================
YEAR-OVER-YEAR COMPARISONS**:
==========================================================================

ADJUSTED Q2/12 EARNINGS OF 431/500:                            $25.69#
Q2/11 EARNINGS FOR S&P 500:                                    $25.31
PCT. CHANGE OF ADJUSTED EARNINGS TO Q2/11 EARNINGS:              1.50%
==========================================================================
YEAR-OVER-YEAR COMPARISONS**:
==========================================================================

NET INCOME (AS REPORTED) Q2/12 EARNINGS OF 431/500:            $23.65#
Q2/11 NET INCOME EARNINGS FOR S&P 500:                         $22.98
PCT. CHANGE OF NET INCOME EARNINGS TO Q2/11 EARNINGS:            2.92%

==========================================================================
DISTRIBUTION OF EARNINGS SURPRISES@:
==========================================================================

POSITIVE SURPRISES:    291/429 = 67.8%
% of Surprises:                        EPS Differences (Actual-Estimate):
      (0% to 10%):     186             (1 cent):                     53
     (10% to 20%):      58             (2 cents):                    42
     (20% to 30%):      21             (3 to 4 cents):               54
     (30% to 40%):       9             (5 to 9 cents):               73
     (40% to 50%):       4             (10 to 19 cents):             39
  (more than 50%):      13             (20 to 49 cents):             23
       % chg NM          0             (50 cents or more):            6
==========================================================================
DISTRIBUTION OF EARNINGS SURPRISES:
==========================================================================

0% SURPRISES:           44/429 = 10.3%

NEGATIVE SURPRISES:     94/429 = 21.9%
% of Surprises:                        EPS Differences (Actual-Estimate):
       (-10% to 0%):    60             (-1 cent):                    25
     (-20% to -10%):    17             (-2 cents):                   20
     (-30% to -20%):     3             (-3 to -4 cents):             11
     (-40% to -30%):     6             (-5 to -9 cents):             13
     (-50% to -40%):     3             (-10 to -19 cents):           14
   (less than -50%):     2             (-20 to -49 cents):           10
         % chg NM        3             (-50 cents or less):           1
==========================================================================

*-- Up reversals reflect companies which reported per-share profits this year against losses a year earlier. Down reversals reflect losses this year and gains last year.

^-- Included in the total up/down eps counts.

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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Companies Mentioned

  • IBM
    (International Business Machines Corp)
    • $158.51 USD
    • 0.83
    • 0.52%
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