Q2 earnings in the US.

 

EXPECT SLOWER GROWTH IN Q2 EARNINGS

Dirk Van Dijk, CFA, of Zacks Investment Research

Key Points:

  • First quarter season is over. Median surprise of 3.70% and surprise ratio of 3.03 for EPS, 1.32% and 2.23 for revenues. Solid growth of 17.1% (19.1% ex-Financials) reported. Slowdown from fourth quarter pace of 30.9%, mostly due to super financial growth in 4Q. Growth ex-Financials as 19.8% in 4Q.

  • Quarterly net margins rise to 9.40% from 8.73% a year ago, up from 9.02% in fourth quarter. Margins excluding Financials rise to 8.90% from 8.28% last year, 8.83% in fourth quarter. In the second quarter 9.96% net margins expected, 9.44% ex-Financials.

Please read the whole article at Pragmatic Capitalist http://pragcap.com/expect-slower-growth-in-q2-earnings

Submitted by Administrator on Wed, 06/22/2011 - 17:22