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Record high number and percentage of S&P 500 companies issuing negative EPS guidance for Q3

Oct 1, 2013

For Q3 2013, 89 companies have issued negative EPS guidance while 19 companies have issued positive EPS guidance. If 89 is the final number of companies issuing negative EPS guidance for the quarter, it will mark the highest number of companies issuing negative EPS guidance since FactSet began tracking guidance data in 2006. The current record is 88, which was recorded in Q2 2013. If 19 is the final
number of companies issuing positive EPS guidance, it will mark the lowest number of companies issuing positive EPS guidance for a quarter. The current record is 22, which was also recorded in Q2 2013.

These numbers are well above and below the five-year averages for the number of companies issuing negative EPS guidance (67) and positive EPS guidance (39) for a quarter. At the sector level, the Consumer Discretionary (+7) and Information Technology (+6) sectors have witnessed the largest increases in the number of companies issuing negative EPS guidance relative to their five-year averages.

S&P 500: # of S&P 500 Companies Issuing Positive/Negative EPS Guidance vs. 5-Yr. Avg.

The Information Technology (-8) and Consumer Discretionary (-5) sectors have also seen the largest decreases in the number of companies issuing positive EPS guidance for the quarter relative to their five-year averages.

The percentage of companies issuing negative EPS guidance is 82% (89 out of 108). If this is the final percentage for the quarter, it will mark the highest percentage of companies issuing negative EPS guidance for a quarter since FactSet began tracking the data in 2006.

At the sector-level (with a minimum of five companies issuing quarterly EPS guidance), the Industrials (92%), Information Technology (84%), Financials (83%), and Consumer Discretionary (83%) 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.  

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