World markets  |  April 04, 2013 20:18:33

Upcoming earnings season and expectations of the market / BIG EXPERT - foreign markets: Week 1 4th 2,013


Barely ended earnings season titles PSE, is starting a new round of overseas earnings season. 8th April it, as always, officially kicks off Alcoa. Some firms, but this giant hliníkárenského ahead and their figures for the first quarter of this year was reported. Specifically, 21 companies from the S & P 500, among whom were also big players such as FedEx, Oracle and Nike.

That does not change the fact that earnings season is upon us, and every investor should know how to market expectations currently working. The speed but first you recall what happened to the previous earnings season, so the numbers presented company 4Q 2012th At the net income level positively surprised 71% of companies in the S & P 500, the level of sales, then it was 61% of the companies on that index.Total net profits of these companies yoy in 4Q increased by 2%, while the increase was driven mainly by financial titles. Excluding the financial sector, there was only a 0.5% annual increase in profits of the companies in the S & P 500

And now we come to the expectations associated with the upcoming earnings season. As the season 4Q 2012 financial stocks helped in the growth of profits in 1Q 2013 season should instead their profits year on year fall heavily, and the expected 9.8%. Other sectors, which should profits year on year drop significantly, are energy (-8.9%) and technology (-4.6%). Total companies should show a profit decline of 3.9% year on year. Expectations are rather conservative.

This is not true of the outlook for the next quarters. 2Q of this year, profits are expected to increase by 3.7% year on year for 3Q by 7% YoY for 4Q and finally by an impressive 13% year on year. It is not uncommon, however, that the optimism of the market increases with the way we move further into the future. Great attention will be paid in addition to their own numbers, of course, business outlook, and how much will restrain the market expectations.

George Šimara, CYRRUS


Expert opinions on the future development in selected foreign markets monitored through indices and comparison with the Czech capital market (PX) over one and a half months of the year in week 1 4th 2013th


Experts estimate for the period of one month

Pointer
Hodn.
29th Third
Diameter
Median
Change
in%
Interval
Growth
Decrease
PX
962.86
991.40
990
^ 2.96
968-1 029
5
0
Dow Jones (U.S.)
14 578,54
14 523,80
14520
ˇ -0.37
14300 - 14700
2
3
NASDAQ (U.S.)
3 267,52
3 235,40
3,240
ˇ -0.98
3180 - 3280
2
3
FTSE 100 (UK)
6 411,70
6 426,00
6,420
^ 0.22
6300 - 6560
3
2
DAX (Germany)
7 795,31
7 879,00
7,850
^ 1.07
7700 - 8095
4
1
Nikkei 225 (JPN)
12 397,91
12 247,80
12400
ˇ -1.21
11860 - 12600
3
2


Experts estimate for the period of 6 months

Pointer
Hodn.
29th Third
Diameter
Median
Change
in%
Interval
Growth
Decrease
PX
962.86
991.40
1,000
^ 2.96
950-1 039
3
2
Dow Jones (U.S.)
14 578,54
14 697,60
14888
^ 0.82
14 050 - 15 000
4
1
NASDAQ (U.S.)
3 267,52
3 308,40
3,340
^ 1.25
3210 - 3350
4
1
FTSE 100 (UK)
6 411,70
6 474,00
6,600
^ 0.97
6 000 - 6690
4
1
DAX (Germany)
7 795,31
7 955,00
8,050
^ 2.05
7520 - 8255
4
1
Nikkei 225 (JPN)
12 397,91
12 503,20
12700
^ 0.85
11 690 - 13 000
3
2

Rating this week performed:

  • George Šimara, Lukas Langer - CYRRUS
  • Hana Hradilová, Milan Nedbálek - FINANCE Zlín
  • Patrick Hudec - Generali PPF Asset Management, a fund manager společnost
  • Karel Handbag, Miroslav Hlavoň - CAPITAL GRANT
  • Jaroslav Brychta - X-Trade Brokers

The tables contain a summary of the estimates of experts in the list. The column "Actual value" represents the value of the monitored indices (Friday's closing value), from which experts in their estimates came out. With this value, the estimates of experts after a period of one to six months, compared to evaluate success. "Median" is a number that is in the middle the size of a structured set of estimates and "Interval Estimates" lists the minimum and maximum estimate file.Columns "Increase / Decrease" indicate the number of experts assume that the index of the period under consideration, given the current value rises or falls.
Note: Estimates are in the form of non-binding opinions with regard to the expected development in the next one month and a half year. The fact, however, may substantially differ from the estimates of experts. Experts even Kurzy.cz assume no responsibility for these differences.

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Nadcházející výsledková sezóna a očekávání trhu / BIG EXPERT - zahraniční trhy: týden od 1. 4. 2013

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