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What to expect from Canadian stocks this earnings season

Frank Gunn/THE CANADIAN PRESS

Globe editors have posted this research report with permission of National Bank Financial. 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 Canadian S&P/TSX composite index is entering another reporting season. 81 companies have yet to report in July representing 35 per cent of total market capitalization. This will be followed by another 150 index constituents in August and 11 in September representing respectively 61 per cent and 1 per cent of S&P/TSX composite market capitalization.

Earnings expectations: The S&P/TSX composite index estimate of net income for the Q2 2014 calendar quarter is $28,546-million which represents an increase of 15.2 per cent (Qt/Qt-4).

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Sales/revenue expectations: The S&P/TSX composite index estimate of sales/revenue for the Q2 2014 calendar quarter is $279,319M which represents a growth rate of +11.1 per cent (Qt/Qt-4) .

Profit margin expectations: The S&P/TSX composite index estimate of profit margin for the Q2 2014 calendar quarter is 10.2%, which represents a rise compared to last year's performance (9.9 per cent).

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