Chuck Hill
Chuck Hill
decline estimate percent reporting
We're doing about what we expected. Going into the reporting season, the estimate were for a decline of 18 percent and we said we thought we'd end up about down 15 but may end up down 16.
add earnings estimates last number percent
Of the 59 percent of the S&P 500 that has reported, earnings are down 18.1 percent. If we add that number to estimates for the rest, we're down 22.2 percent from last year.
forecast growth march minus percent technology
We forecast technology as a whole for 11 percent growth as of Jan. 2. As of March 20, it's at minus 7 percent.
bigger changing company earnings growth missed news per rate says share
If a company says it's changing its long-term growth rate by 1 percent, that should be bigger news than if it missed its quarterly earnings per share by a penny. But it's not.
bad period terms
This really is a bad period in terms of warnings.
earnings growth percent track
We still think we are on track to see earnings growth of 23 percent for the quarter.
biggest concern difficult great guidance percent surprises third time
There were no great surprises and the biggest concern is the guidance going forward. We still think it's going to be a difficult time ? we're already down 8.3 percent for the third quarter.
deviation expected percent quarter
Any deviation from that 15 percent for the quarter is expected to be lower, not higher.
came last negative percent ton
Last year, 43 percent of the negative pre-announcements came after Jan. 1, so there will be a ton more.
bit despite earnings fourth good growth highest less match negative peak percent pessimism quarter running seen since time
Overall, the quarter is going to be excellent. We think it will match the 23.6 percent earnings growth for the first quarter, which was the highest we'd seen since back in the fourth quarter of 1993. It's going to be a very good quarter for earnings despite all the pessimism here during the peak time of pre-announcements. But pre-announcements are running a little bit less negative than they usually do so I think it's a bit of an over-reaction.
earnings estimates percent second third
The estimates are for earnings to be down 50 percent in the second quarter, 37 percent in the third quarter, and 12 percent in the fourth.
april expect lower numbers somewhere week
We expect the numbers to be somewhere lower by the week of April 13, when all the (quarterly earnings) announcements will have been made.
certainly looking negative
We certainly think it will end up in negative territory. I think you've got to be looking at 2002 for any recovery.
earnings growth revenue slowing
The story on slowing earnings growth and revenue growth is not over.