{"id":716478,"date":"2010-04-14T10:37:00","date_gmt":"2010-04-14T14:37:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:422945"},"modified":"2010-04-14T10:37:00","modified_gmt":"2010-04-14T14:37:00","slug":"earnings-estimates-running-low","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/716478","title":{"rendered":"Earnings estimates running low"},"content":{"rendered":"

First quarter earnings season is off and running and consensus expectations on both sides of the border are a little too cautious, says Vincent Delisle, an equity strategist at Scotia Capital Markets.  <\/p>\n

Based on bottom-up forecasts, quarterly earnings per share for TSX companies should hit $169 in the first quarter. That represents a 38% year-over-year increase, but zero growth on a sequential basis. Revenues, meanwhile, are expected to grow 5% from the first quarter of 2009 and 4% from the fourth quarter of last year. <\/p>\n

"We believe earnings expectations are running low and do not reflect recent economic and commodity performances, Mr. Delisle said in a note to clients. "The Canadian dollar strength may be capping expectations."<\/p>\n

In the U.S., S&P 500 earnings are forecasted to grow 70% year-over-year and like Canada show no sequential improvement. Top line growth of 1.8% quarter-over-quarter an  7% year-over-year is expected.   <\/p>\n

"Q1 earnings
\ncould surprise on the upside, resulting in another strong beat ratio," Mr. Delisle wrote.  <\/p>\n

As for sector performance, the strategist said telecom, energy, and utilities trading in Toronto should deliver sequential earnings growth while health care, industrials, and consumer staples should lag.<\/p>\n

In New York, top performing sectors should include financials, utilities, and energy, with consumer discretionary, industrials, and technology expected to deliver the weakest results. <\/p>\n

David Pett <\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

First quarter earnings season is off and running and consensus expectations on both sides of the border are a little too cautious, says Vincent Delisle, an equity strategist at Scotia Capital Markets.  Based on bottom-up forecasts, quarterly earnings per share for TSX companies should hit $169 in the first quarter. That represents a 38% year-over-year […]<\/p>\n","protected":false},"author":2571,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-716478","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-30o6","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/716478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/2571"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=716478"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/716478\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=716478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=716478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=716478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}