S&P 500 Collective Earnings Expected to Show a Decline for the First Time in Three Years
The Paragon Report Provides Stock Research on International Business Machines and McDonald's
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/18/12 -- The S&P 500 Index has been in a slump after the International Monetary Fund cut its global growth forecast. The IMF forecasts the global economy will expand by 3.3 percent in 2012, down from their previous estimate of 3.5 percent. The Paragon Report examines investing opportunities in the S&P 500 Index and provides equity research on International Business Machines Corp. (NYSE: IBM) and McDonald's Corporation (NYSE: MCD).
Access to the full company reports can be found at:
Aggregate profits for companies in the S&P 500 are expected to decline in the third quarter for the first time in three years according to analysts' estimates collected by Bloomberg. The data has showed that earnings per share and sales are expected to drop on average 1.7 percent, and 0.6 percent, respectively.
"Weaker economic data over the past 12-18 months has steadily eroded the growth outlook," said Jonathan Golub, a strategist at UBS. "Unfortunately, this weakness is relatively broad-based. More specifically, earnings are now expected to come in lower than 3Q11 in 5 of 10 sectors, with the greatest contractions in Energy and Materials."
Paragon Report releases regular market updates on the S&P 500 Index so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
IBM reported total revenues for the third quarter of 2012 of $24.7 billion down 5 percent from the third quarter of 2011. The company's hardware unit's sales posted a double-digit decline. "Customers are just not opening their wallets," said Global Equities Research analyst Trip Chowdhry. "That is putting pressure on IT spend."
McDonald's is the world's leading global foodservice retailer with more than 33,500 locations serving approximately 69 million customers in 119 countries each day. McDonald's is scheduled to release third quarter results before the market opens on October 19, 2012. According to average analyst estimates the company is expected to report a third quarter net income of $1.47 per share, a 1.4 percent increase from the year-ago quarter.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.10.2012 - 12:20 Uhr
Sprache: Deutsch
News-ID 193802
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Investment Services & Trading
Diese Pressemitteilung wurde bisher 153 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"S&P 500 Collective Earnings Expected to Show a Decline for the First Time in Three Years"
steht unter der journalistisch-redaktionellen Verantwortung von
Paragon Financial Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
