Major companies that have been incorporated into the US S&P 500 Composite Index are expected to see their quarterly profits soar 95.4% year-on-year, according to Refinitiv, a market research specialist.
According to Market Watch, Refinitiv Proprietary Research reported on the 28th that excluding the energy sector would increase profits by 79.9 percent, saying that quarterly net income of the top S&P 500 companies in April and June will increase.
So far, 87.4% of the 489 companies that announced quarterly settlements in April and June have exceeded the expectation of annalisk. On a long-term average, 65.6 percent and 83.4 percent in the last four quarters.
Sales of 500 major companies in the April-June quarter are expected to increase by 24.9 percent compared to the same period last year.
Excluding energy companies will increase sales by 20.8 percent, the report noted.
Among companies that have released quarterly settlements in April and June, 87.1 percent of sales have exceeded analysts’ expectations. On a long-term average, the average was 60.9 percent and 73.7 percent in the past four quarters.
The report set 38 places where 500 major companies’ earnings per share in the quarter of July-September this year deteriorate or fall short of market expectations.
There are 57 companies that either improve or exceed market expectations. The negative/positive ratio (38/57) that divides companies that improve deteriorating enterprises is 0.7.
The estimated return on price (PER) of S&P 500 companies in the next four quarters (quarter from July to September 2021 to quarter from April to June 22) was 21.6 times higher.
There are nine companies that are planning to release quarterly settlements of the S&P 500 Composite Index of S&P 500 is included.
