Figure 1: S&P 500 Index (SPX), December 31, 2012 to Present
Source: Bloomberg
S&P 500 Index (SPX) Earnings Update
As of Friday, February 7, nearly 75% of companies in the SPX have reported earnings (Figure 2). Next week, another 56 companies will report, including 25 from the consumer staples and discretionary sectors. While profit margins remain incredibly favorable at 9.435% (Figure 3), this past week’s earnings did see a moderation in overall SPX sales growth and uncomfortably close to unchanged.
Figure 2: SPX EPS and Revenue Growth, as of February 7, 2014
Figure 3: SPX Profit Margins
Source: Bloomberg
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