Skip to main content

The Globe and Mail

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

Story continues below advertisement

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:

Story continues below advertisement

  • 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.

Globe app users click here for the full report

Read other research reports here.

Report an error Editorial code of conduct
As of December 20, 2017, we have temporarily removed commenting from our articles as we switch to a new provider. We are behind schedule, but we are still working hard to bring you a new commenting system as soon as possible. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.