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TSX earnings scorecard: How second-quarter results have fared so far

A Toronto Stock Exchange logo is seen in Toronto in this file photo.

Mark Blinch/Reuters

Globe editors have posted this research report with permission of Thomson Reuters I/B/E/S. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:

The TSX Composite Earnings Scorecard is the most comprehensive and up-to-the-minute compilation of aggregated earnings growth and market intelligence covering the companies included in the TSX Composite Index. This report combines Thomson Reuters' unrivaled historical earnings database, in-depth coverage of sell-side analysts' bottom-up corporate earnings estimates, and the analytic capabilities of Thomson Reuters Proprietary Research Group and desktop solutions.

EARNINGS HIGHLIGHTS

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Q2 2017 Y/Y Blended Earnings Growth Estimates:

  • TSX Composite = 19.5 per cent
  • Ex-Energy = 12.2 per cent
  • Valeant Pharmaceuticals International Inc. = -29.0 per cent
  • Healthcare Ex- VRX = -1.1 per cent
  • TSX Composite Ex-VRX = 20.4 per cent

Q2 2017 Performance vs. Earnings Expectations:

Eighty-nine per cent of the TSX Composite companies have reported Q2 2017 EPS. Of the 218 companies in the index that have reported earnings to date for Q2 2017:

  • 52.8 per cent reported above analyst expectations
  • 35.3 per cent reported below analyst expectations

REVENUE HIGHLIGHTS

Q2 2017 Y/Y Blended Revenue Growth Estimates:

  • TSX Composite = 7.2 per cent
  • Ex-Energy = 3.3 per cent
  • Valeant Pharmaceuticals = -10.9 per cent
  • Healthcare Ex-Valeant Pharmaceuticals = 8.0 per cent
  • TSX Composite Ex-Valeant Pharmaceuticals = 7.4 per cent

Q2 2017 Performance vs. Revenue Expectations:

Of the TSX Composite companies that have reported revenue to date for Q2 2017:

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  • 59.3 per cent reported above analyst expectations
  • 40.2 per cent reported below analyst expectations

Click here to see a full copy of the Thomson Reuters I/B/E/S TSX Composite Earnings Scorecard.

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