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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:

EARNINGS HIGHLIGHTS

Q3 2017 Y/Y Blended Earnings Growth Estimates:

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  • TSX Composite (.GSPTSE) = 15.1 per cent
  • Ex-Energy = 7.6%
  • Valeant Pharmaceuticals International Inc (VRX-TO) = -35.5 per cent
  • Healthcare Ex- VRX = -39.3 per cent
  • TSX Composite Ex-VRX = 16.0 per cent

Q3 2017 Performance vs. Earnings Expectations:

Ninety per cent of the TSX Composite  companies have reported Q3 2017 EPS. Of the 221 companies in the index that have reported earnings to date for Q3 2017:

  • 47.1% reported above analyst expectations
  • 40.3% reported below analyst expectations

Q4 2017 Y/Y Blended Earnings Growth Estimates:

  • TSX Composite = 14.3 per cent
  • Ex-Energy = 12.1%
  • Valeant Pharmaceuticals International Inc = -29.1 per cent
  • Healthcare Ex- VRX = -4.5 per cent
  • TSX Composite Ex-VRX = 15.0 per cent

REVENUE HIGHLIGHTS

Q3 2017 Y/Y Blended Revenue Growth Estimates:

  • TSX Composite  = 8.0 per cent
  •  Ex-Energy = 6.4 per cent
  • Valeant Pharma  = -14.0 per cent
  • Healthcare Ex-Valeant Pharma  = 5.9 per cent
  • TSX Composite Ex-Valeant Pharma = 8.2 per cent

Q3 2017 Performance vs. Revenue Expectations:

Of the TSX Composite companies that have reported revenue to date for Q3 2017:

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  • 40.3 per cent reported above analyst expectations
  • 59.2 per cent reported below analyst expectations

Q4 2017 Y/Y Blended Revenue Growth Estimates:

  • TSX Composite = 14.8 per cent
  • Ex-Energy = 13.7 per cent
  • Valeant Pharma = -14.6 per cent
  • Healthcare Ex-Valeant Pharma = 7.5 per cent
  • TSX Composite Ex-Valeant Pharma = 15.1 per cent

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

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