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Research report

The TSX sectors that should post the best, and worst, earnings growth in the second quarter Add to ...

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 text is excerpted from the report:

The S&P/TSX composite index is entering another reporting season. Sixty companies have yet to report in July. This will be followed by another 156 index constituents in August and nine in September, representing, respectively 66.3 per cent and 1.6 per cent of S&P/TSX composite market capitalization.

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  • Earnings expectations: The S&P/TSX composite index estimate of net income for the Q2 2013 calendar quarter is $26,953M which represents an increase of 1.5 per cent (Q/Q).
  • Sales/Revenue expectations: The S&P/TSX composite index estimate of sales/revenue for the Q2 2013 calendar quarter is $276,169M which represents a growth rate of 5.9 per cent (Q/Q).
  • Profit Margin expectations: The S&P/TSX composite index estimate of profit margin for the Q2 2013 calendar quarter is 9.8 per cent, which represents a decline compared to last year’s performance (10.2 per cent).

The S&P/TSX Composite index estimate of net income for the Q2 2013 calendar quarter is $26,953M which represents an increase of 1.5% (Qt/Qt-4)1. From a sector perspective, Information Technology (+287.0 per cent) and Health Care (+101.9 per cent) are expected to record the largest growth in net income for this quarter. The Utilities (-71.8 per cent), Materials (-18.0 per cent) and Telecommunication Services (-7.8 per cent) sectors are expected to show the weakest growth over the respective period. Seven of 10 sectors are expected to record an increase in net income when compared to net income reported for a comparable period one-year earlier.

Read the full report here.

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TSX-I S&P/TSX Composite 15,445.22 -9.82
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