Home
|
|
|
Events
|
Press Releases
|
Subscribe
Type
Thought Leadership
Product Insight
Subscribe ‚úČ
Market and Economics
Portfolio and Risk
Companies and Earnings
Topical and Trends
Category
Fact Sheets
Tools and Tips
Webcasts
White Papers

Near record high number and percentage of S&P 500 companies issuing negative EPS guidance for Q1

Mar 31, 2014

For Q1 2014, 93 companies have issued negative EPS guidance while 18 companies have issued positive EPS guidance. If 93 is the final number of companies issuing negative EPS guidance for the quarter, it will mark the second highest number of companies issuing negative EPS guidance since FactSet began tracking guidance data in 2006. The current record is 95, which was recorded in Q4 2013. It will also mark the 3rd consecutive quarter that the number of companies issuing negative EPS guidance has finished above 90. At the sector level, the Consumer Discretionary (23) and Industrials (14) sectors are on track to mark a record high for the number of companies issuing negative EPS guidance for a quarter.

If 18 is the final number of companies issuing positive EPS guidance, it will mark the third lowest number of companies issuing positive EPS guidance for a quarter since FactSet began tracking guidance data in 2006. The current record is 13, which was recorded in Q1 2006. At the sector level, the Consumer Discretionary (3), Industrials (1), and Telecom Services (0) sectors are on track to tie record lows for the number of companies issuing positive EPS guidance.

SP500_Pos_Neg_Guidance_5yavg (Mar 31 14).pngThese guidance numbers for the S&P 500 as a whole are well above and below the five-year averages for the number of companies issuing negative EPS guidance (68) and positive EPS guidance (37) for a quarter. At the sector level, the Consumer Discretionary sector has not only witnessed the largest increase in the number of companies issuing negative EPS guidance (+11) relative to its five-year average, but also has seen the largest decrease in the number of companies issuing positive EPS guidance (-7) for the quarter relative to its five-year average.

The percentage of companies issuing negative EPS guidance is 84% (93 out of 111). If this is the final percentage for the quarter, it will mark the second highest percentage of companies issuing negative EPS guidance for a quarter since FactSet began tracking the data in 2006. The current record is 85%, which was set in Q4 2013.

At the sector-level (with a minimum of five companies issuing quarterly EPS guidance), the Industrials (93%) and Health Care (92%) sectors have the highest percentages of companies issuing negative EPS guidance for the quarter.

Read more about the EPS guidance trends of the S&P 500 in this edition of FactSet Guidance Quarterly. Visit www.factset.com/guidance to launch the latest report.  

Receive stories like this to your inbox as they are published. Subscribe by e-mail and follow @FactSet on Twitter. If you are looking to source FactSet data or analytics in your publication, email media_request@factset.com.