The Xchange Blog

Q2 Earnings Hit the Street

The Keys for Q2 2018 Earnings Season:

Earnings season is upon us, and traders will be watching as almost 80% of the S&P 500 reports earnings from 7/16 to 8/3.  Total Q2 earnings for the S&P 500® Index are expected to be up +18.3% from the same period last year on 8% higher revenues, with a majority of sectors expected to have double-digit earnings growth. Q2 estimates moved up modestly since the quarter got underway, but the positive revisions were primarily because of the Energy sector. Excluding the Energy sector, estimates for the quarter would be modestly down in the last 10 weeks. Tech sector earnings are expected to be up +22.7% on +10.5% higher revenues, which would follow +31.1% earnings growth on +13.1% revenue growth in Q1. Finance sector earnings are expected to be up +18.2% from the same period last year on +3.4% higher revenues. For full-year 2018, total earnings for the S&P 500® Index are expected to be up +19.9% on +6.1% higher revenues. 

 

Q2 Quarterly Earnings Calendar

(All index data as of 6/30/2018)

Russell 1000 Financial Services Index (RGUSFLA)                  Russell 2000® Index (RU20INTR)   
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
BERKSHIRE HATHAWAY INC-CL B BRK/B UN 0.07268147 8/3/2018 GRUBHUB INC GRUB UN 0.00412209 7/25/2018
JPMORGAN CHASE & CO JPM UN 0.07234555 7/13/2018 BLUEBIRD BIO INC BLUE UW 0.00401844 8/1/2018
BANK OF AMERICA CORP BAC UN 0.05439839 7/16/2018 SAREPTA THERAPEUTICS INC SRPT UW 0.00399322 7/25/2018
WELLS FARGO & CO WFC UN 0.04425368 7/13/2018 NEKTAR THERAPEUTICS NKTR UW 0.00365451 8/7/2018
VISA INC-CLASS A SHARES V UN 0.0412013 7/19/2018 EXACT SCIENCES CORP EXAS UR 0.00351023 7/30/2018
CITIGROUP INC C UN 0.033827 7/13/2018 ASPEN TECHNOLOGY INC AZPN UW 0.00301579 8/9/2018
MASTERCARD INC – A MA UN 0.03050402 7/31/2018 ENCOMPASS HEALTH CORP EHC UN 0.00296068 7/26/2018
GOLDMAN SACHS GROUP INC GS UN 0.01681601 7/17/2018 SAGE THERAPEUTICS INC SAGE UQ 0.00295688 8/2/2018
PAYPAL HOLDINGS INC PYPL UW 0.01627576 7/19/2018 NUTANIX INC – A NTNX UW 0.00278452 8/30/2018
US BANCORP USB UN 0.01491199 7/18/2018 EPAM SYSTEMS INC EPAM UN 0.00259377 8/2/2018
Related Funds:

Related Funds:

S&P 500 Index (SPXT) Energy Select Sector Index (IXETR)
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
APPLE INC AAPL UW 0.03904918 7/31/2018 EXXON MOBIL CORP XOM UN 0.22723412 7/27/2018
MICROSOFT CORP MSFT UW 0.03336464 7/19/2018 CHEVRON CORP CVX UN 0.16802054 7/27/2018
AMAZON.COM INC AMZN UW 0.0299267 7/26/2018 SCHLUMBERGER LTD SLB UN 0.0642755 7/20/2018
FACEBOOK INC-A FB UW 0.02074877 8/1/2018 EOG RESOURCES INC EOG UN 0.04639647 8/2/2018
JPMORGAN CHASE & CO JPM UN 0.01573916 7/13/2018 OCCIDENTAL PETROLEUM CORP OXY UN 0.04495153 8/1/2018
BERKSHIRE HATHAWAY INC-CL B BRK/B UN 0.01558853 8/3/2018 CONOCOPHILLIPS COP UN 0.04395412 7/26/2018
ALPHABET INC-CL C GOOG UW 0.01508811 7/23/2018 VALERO ENERGY CORP VLO UN 0.03564856 7/26/2018
ALPHABET INC-CL A GOOGL UW 0.01500544 7/23/2018 PHILLIPS 66 PSX UN 0.03466043 7/27/2018
EXXON MOBIL CORP XOM UN 0.01444442 7/27/2018 HALLIBURTON CO HAL UN 0.02913985 7/23/2018
JOHNSON & JOHNSON JNJ UN 0.0139865 7/17/2018 ANADARKO PETROLEUM CORP APC UN 0.02655803 7/24/2018
Related Funds:

Related Funds:

Health Care Select Sector Index (IXVTR) Technology Select Sector Index (IXTTR)
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
JOHNSON & JOHNSON JNJ UN 0.09922752 7/17/2018 APPLE INC AAPL UW 0.13814793 7/31/2018
UNITEDHEALTH GROUP INC UNH UN 0.07369229 7/17/2018 MICROSOFT CORP MSFT UW 0.11803722 7/19/2018
PFIZER INC PFE UN 0.06454318 7/31/2018 FACEBOOK INC-A FB UW 0.07340486 8/1/2018
MERCK & CO. INC. MRK UN 0.05006754 7/27/2018 ALPHABET INC-CL C GOOG UW 0.05337863 7/23/2018
ABBVIE INC ABBV UN 0.04423102 7/27/2018 ALPHABET INC-CL A GOOGL UW 0.05308613 7/23/2018
AMGEN INC AMGN UW 0.03770239 7/25/2018 INTEL CORP INTC UW 0.0370441 7/26/2018
MEDTRONIC PLC MDT UN 0.0354978 8/21/2018 VISA INC-CLASS A SHARES V UN 0.03647039 7/19/2018
ABBOTT LABORATORIES ABT UN 0.03292626 7/18/2018 AT&T INC T UN 0.03483041 7/24/2018
GILEAD SCIENCES INC GILD UW 0.02825447 7/26/2018 CISCO SYSTEMS INC CSCO UW 0.03084726 8/15/2018
BRISTOL-MYERS SQUIBB CO BMY UN 0.02688245 7/26/2018 VERIZON COMMUNICATIONS INC VZ UN 0.03051331 7/24/2018
Related Funds:

Related Funds:

S&P Utilities Select Sector Index (IXUTR) S&P Industrial Select Sector Index (IXITR)
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
NEXTERA ENERGY INC NEE UN 0.11693654 7/26/2018 BOEING CO/THE BA UN 0.08344269 7/25/2018
DUKE ENERGY CORP DUK UN 0.08170551 8/2/2018 3M CO MMM UN 0.05242324 7/24/2018
SOUTHERN CO/THE SO UN 0.06950872 8/1/2018 UNION PACIFIC CORP UNP UN 0.05003869 7/19/2018
DOMINION ENERGY INC D UN 0.06593535 7/30/2018 GENERAL ELECTRIC CO GE UN 0.0497788 7/20/2018
EXELON CORP EXC UN 0.06056151 8/2/2018 HONEYWELL INTERNATIONAL INC HON UN 0.04855759 7/20/2018
AMERICAN ELECTRIC POWER AEP UN 0.0504248 7/26/2018 UNITED TECHNOLOGIES CORP UTX UN 0.04151668 7/24/2018
SEMPRA ENERGY SRE UN 0.04523169 7/30/2018 CATERPILLAR INC CAT UN 0.03772592 7/30/2018
PUBLIC SERVICE ENTERPRISE GP PEG UN 0.04071031 7/31/2018 UNITED PARCEL SERVICE-CL B UPS UN 0.03529687 7/26/2018
CONSOLIDATED EDISON INC ED UN 0.03557902 8/2/2018 LOCKHEED MARTIN CORP LMT UN 0.03370107 7/24/2018
XCEL ENERGY INC XEL UW 0.03385691 7/26/2018 FEDEX CORP FDX UN 0.02742558 9/18/2018
Related Funds:

Related Funds:

S&P Retail Select Industry Index (SPSIRETR) S&P Biotechnology Select Industry Index (SPSIBITR)
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
RENT-A-CENTER INC RCII UW 0.01433925 7/30/2018 SAREPTA THERAPEUTICS INC SRPT UW 0.01919908 7/25/2018
RITE AID CORP RAD UN 0.01392814 6/27/2018 HERON THERAPEUTICS INC HRTX UR 0.01629721 8/6/2018
NETFLIX INC NFLX UW 0.01368272 7/16/2018 FOUNDATION MEDICINE INC FMI UW 0.0142394 8/1/2018
PETMED EXPRESS INC PETS UW 0.01356819 7/23/2018 SPARK THERAPEUTICS INC ONCE UW 0.0141847 8/7/2018
KROGER CO KR UN 0.01349468 6/21/2018 IMMUNOGEN INC IMGN UW 0.01390222 8/3/2018
MURPHY USA INC MUSA UN 0.01323698 8/1/2018 INTERCEPT PHARMACEUTICALS IN ICPT UW 0.01383434 8/1/2018
CASEY’S GENERAL STORES INC CASY UW 0.0131248 9/4/2018 ARRAY BIOPHARMA INC ARRY UQ 0.01365603 8/8/2018
WAYFAIR INC- CLASS A W UN 0.01301699 8/2/2018 CLOVIS ONCOLOGY INC CLVS UW 0.01356 8/1/2018
CAMPING WORLD HOLDINGS INC-A CWH UN 0.01301013 8/9/2018 SAGE THERAPEUTICS INC SAGE UQ 0.01353745 8/2/2018
NUTRISYSTEM INC NTRI UW 0.01292664 7/25/2018 EXACT SCIENCES CORP EXAS UR 0.01352907 7/30/2018
Related Funds:

Related Funds:

S&P Oil & Gas Exploration and Production Index (SPSIOP) S&P Regional Banks Select Industry Index (SPSIRBKT)
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
GULFPORT ENERGY CORP GPOR UW 0.01982852 8/1/2018 SIGNATURE BANK SBNY UW 0.01838859 7/19/2018
CIMAREX ENERGY CO XEC UN 0.01968339 8/7/2018 KEYCORP KEY UN 0.01835036 7/19/2018
SOUTHWESTERN ENERGY CO SWN UN 0.01953969 7/26/2018 CITIZENS FINANCIAL GROUP CFG UN 0.01819464 7/20/2018
DIAMONDBACK ENERGY INC FANG UW 0.01952107 8/6/2018 HUNTINGTON BANCSHARES INC HBAN UW 0.01817169 7/25/2018
RANGE RESOURCES CORP RRC UN 0.01898167 7/24/2018 COMERICA INC CMA UN 0.01811645 7/17/2018
ANTERO RESOURCES CORP AR UN 0.01896595 8/1/2018 FIRST HORIZON NATIONAL CORP FHN UN 0.01805774 7/13/2018
EQT CORP EQT UN 0.01888015 7/26/2018 REGIONS FINANCIAL CORP RF UN 0.01801936 7/20/2018
CARRIZO OIL & GAS INC CRZO UW 0.0188723 8/7/2018 M & T BANK CORP MTB UN 0.01795634 7/18/2018
APACHE CORP APA UN 0.01884718 8/2/2018 ZIONS BANCORPORATION ZION UW 0.01793975 7/23/2018
MATADOR RESOURCES CO MTDR UN 0.01864776 8/6/2018 CIT GROUP INC CIT UN 0.01778745 7/24/2018
Related Funds:

Related Funds:

MSCI US REIT Index (RMS G) PHLX Semiconductor Sector Index (XSOX)
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
SIMON PROPERTY GROUP INC SPG UN 0.06317231 8/1/2018 BROADCOM INC AVGO UW 0.08229057 8/30/2018
PUBLIC STORAGE PSA UN 0.04034175 7/26/2018 NVIDIA CORP NVDA UW 0.0814991 8/9/2018
PROLOGIS INC PLD UN 0.03963999 7/18/2018 QUALCOMM INC QCOM UW 0.08044326 7/25/2018
EQUINIX INC EQIX UW 0.03873432 8/1/2018 TEXAS INSTRUMENTS INC TXN UW 0.07993002 7/24/2018
AVALONBAY COMMUNITIES INC AVB UN 0.0273145 8/2/2018 INTEL CORP INTC UW 0.07564386 7/26/2018
EQUITY RESIDENTIAL EQR UN 0.02694893 7/24/2018 MICRON TECHNOLOGY INC MU UW 0.04153997 9/25/2018
DIGITAL REALTY TRUST INC DLR UN 0.0257233 7/29/2018 ANALOG DEVICES INC ADI UW 0.04070306 8/29/2018
WELLTOWER INC WELL UN 0.0253372 7/26/2018 MICROCHIP TECHNOLOGY INC MCHP UW 0.0405417 8/2/2018
VENTAS INC VTR UN 0.02280085 7/26/2018 TAIWAN SEMICONDUCTOR-SP ADR TSM UN 0.03881793 7/19/2018
BOSTON PROPERTIES INC BXP UN 0.02195665 7/31/2018 APPLIED MATERIALS INC AMAT UW 0.03826478 8/16/2018
Related Funds:

Related Funds:

Dow Jones Transportation Average (DJTTR) Dow Jones U.S. Select Aerospace & Defense (DJSASDT)
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
FEDEX CORP FDX UN 0.13897084 9/18/2018 BOEING CO/THE BA UN 0.10865371 7/25/2018
NORFOLK SOUTHERN CORP NSC UN 0.08443335 7/25/2018 UNITED TECHNOLOGIES CORP UTX UN 0.07999748 7/24/2018
UNION PACIFIC CORP UNP UN 0.08037044 7/19/2018 LOCKHEED MARTIN CORP LMT UN 0.07088283 7/24/2018
HUNT (JB) TRANSPRT SVCS INC JBHT UW 0.07218279 7/16/2018 RAYTHEON COMPANY RTN UN 0.06063068 7/26/2018
LANDSTAR SYSTEM INC LSTR UW 0.0638659 7/25/2018 NORTHROP GRUMMAN CORP NOC UN 0.06061087 7/25/2018
UNITED PARCEL SERVICE-CL B UPS UN 0.06376474 7/26/2018 GENERAL DYNAMICS CORP GD UN 0.05919832 7/25/2018
KANSAS CITY SOUTHERN KSU UN 0.06097746 7/20/2018 ROCKWELL COLLINS INC COL UN 0.03960532 7/20/2018
C.H. ROBINSON WORLDWIDE INC CHRW UW 0.05049705 7/31/2018 TRANSDIGM GROUP INC TDG UN 0.0350794 8/7/2018
KIRBY CORP KEX UN 0.04770976 8/1/2018 TEXTRON INC TXT UN 0.03494405 7/18/2018
EXPEDITORS INTL WASH INC EXPD UW 0.04225321 8/7/2018 HARRIS CORP HRS UN 0.03412567 7/19/2018
Related Funds:

Related Funds:

 

Q2 2018 Earnings Season

Q2 2018 Earnings Season Last Full Week of June First Full Week of July Second Full Week of July Third Full Week of July Fourth Full Week of July Last Week of July Second Full Week of August Third Full Week of August
% of Each Index Reporting 6/25 – 6/29 7/1 – 7/6 7/9 – 7/13 7/16 – 7/20 7/23 – 7/27 7/30 – 8/3 8/6 – 8/10 8/13 – 8/17
S&P 500® Index (SPXL, SPXS, SPUU) 1.84% 0.03% 4.83% 18.95% 37.58% 22.02% 4.79% 3.77%
S&P 400® Index (MIDU, MIDZ) 1.04% 0.45% 2.23% 11.36% 33.03% 29.95% 10.84% 2.70%
Russell 2000® Index (TNA, TZA, SMLL) 1.18% 0.54% 0.61% 7.62% 25.19% 31.32% 23.69% 2.71%
Russell 1000® Financials (FAS, FAZ) 0.15% 0.14% 17.64% 28.82% 21.00% 28.59% 3.18% 0.35%
S&P Technology Select Sector (TECL, TECS) 1.90% 0.00% 0.00% 19.45% 30.67% 29.00% 3.48% 4.35%
S&P Energy Select Sector (ERX, ERY) 0.00% 0.00% 0.00% 9.85% 64.78% 21.05% 4.32% 0.00%
S&P Health Care Select Sector (CURE) 0.00% 0.00% 0.00% 27.23% 45.47% 18.43% 4.35% 0.00%
S&P Utilites Select Sector (UTSL) 0.00% 0.00% 2.19% 0.00% 33.96% 60.90% 2.95% 0.00%
S&P Industrials Select Sector (DUSL) 0.82% 0.00% 2.23% 24.66% 50.60% 11.86% 5.03% 2.08%
PHLX Semiconductors Index (SOXL, SOXS) 0.00% 0.00% 0.00% 10.46% 49.05% 7.56% 10.30% 3.84%
ISE Natural Gas Index (GASL, GASX) 0.00% 0.82% 0.00% 4.32% 22.59% 52.92% 19.35% 0.00%
S&P Retail Select Industry (RETL) 2.67% 1.03% 0.00% 2.63% 15.39% 11.45% 13.88% 15.96%
S&P Biotech Select Industry (LABU, LABD) 0.00% 0.00% 0.00% 0.00% 16.96% 36.73% 42.11% 3.59%
S&P Oil & Gas Select Industry (GUSH, DRIP) 0.00% 0.71% 0.00% 0.00% 27.21% 35.35% 36.58% 0.00%
S&P Regional Banks Select Industry (DPST, WDRW) 0.00% 0.49% 8.40% 50.09% 36.44% 3.72% 0.85% 0.00%
Dow Jones U.S. Home Builders (NAIL) 15.10% 0.00% 0.00% 25.54% 24.63% 11.64% 8.90% 4.68%
Dow Jones Transportation Average (TPOR) 0.00% 0.00% 3.03% 29.19% 35.34% 12.01% 6.55% 0.00%
Dow Jones Aerospace & Defense (DFEN) 0.98% 0.00% 1.08% 12.93% 53.64% 11.68% 14.05% 0.00%
MSCI U.S. REIT (DRN, DRV) 0.08% 0.00% 0.00% 5.82% 30.30% 48.51% 13.44% 1.55%

 


Source: Bloomberg

 


 

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