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The TSX sectors poised for the best, and worst, third-quarter earnings growth

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. 61 companies have yet to report in October representing 31.1 per cent of total market capitalization. This will be followed by another 160 index constituents in November and 14 in December representing respectively 45.2 per cent and 23.5 per cent of S&P/TSX composite market capitalization.

The S&P/TSX composite index estimate of net income for the Q3 2013 calendar quarter is $27,155-million which represents an increase of 2.6 per cent (Qt/Qt-4)1. From a sector perspective, Energy (+34.9 per cent) and Health Care (+32.3 per cent) are expected to record the largest growth in net income for this quarter. The Materials (-47.7 per cent) and IT (-37.8 per cent) sectors are expected to show the weakest growth over the respective period. Six 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.

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