Margins

Margins

Of Special Interest

Profit Margins At The Sector Level

April 07, 2014 BY Doug Ramsey

All ten of the S&P 500 sectors recorded a sequential increase in four-quarter trailing net profit margins. But consider where sector margins stand today relative to their 25-year medians. Eight of ten S&P 500 sectors are recording profit margins well above their long-term medians.

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Stock Market

The Mundane Truth Behind Margins

December 06, 2013 BY Doug Ramsey

The margin expansion story of the last 20 years is a financial one, not an operating one.

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Market Internals

Earning Momentum

December 06, 2013 BY Phil Segner

While the current ratio of 1.37 is relatively weak historically, it is still an improvement from the second months’ readings of Q2 (1.27) and Q1 (1.16).

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Market Internals

Earnings Momentum - Q2 Reports Below Average But Ahead Of Q1

October 08, 2013 BY Patrick Persons

With all three months of Q2 earnings reports in, the 1.28 ratio is much stronger than Q1, but remains below the 1.51 historical average ratio.

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Market Internals

Q2 Median Revenue Comparisons: Higher Growth Across All Segments

September 10, 2013 BY Patrick Persons

Large Cap result this month is the same as last month, but remains stronger than Q1. Smaller firms reversed course, as Mid, Small, and Micro Caps all rebounded with large sales momentum increases.

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Market Internals

Q2 Median Company Earnings Growth Rates Vary Drastically Across Cap Size

September 10, 2013 BY Patrick Persons

EPS growth for Large and Mid Cap companies continues exceeding their top-line growth, but Small and Micro Cap companies saw their EPS growth rates coming in below their top-line growth rates.

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Market Internals

Q2 Median Revenue Comparisons: Higher Growth In Large And Mid Caps

August 07, 2013 BY Eric Weigel

Q2 relative to Q1 growth rates have improved for larger cap companies but deteriorated for the smaller firms.

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Market Internals

Q2 Median Company Earnings: Growth Rates Volatile But Positive In General

August 07, 2013 BY Eric Weigel

EPS growth rates are coming in higher than expected. While sales growth remains muted, the ability of companies to do more with less and maintain high operating margins is impressive. Margins are determined at the discretion of management and are thus sticky and unlikely to drop off significantly unless wage pressures resume and slack capacity around the globe is absorbed.

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Stock Market

The Risks Of Record Margins…

August 07, 2012 BY Doug Ramsey

While the big S&P companies’ EPS have held up, our earnings breadth work has not held up as well. Part of this development can be traced back to February 2011’s “Point of Recognition.”

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Stock Market

Global Perspective On 2012 Earnings, Sales, and Margins

February 05, 2012 BY Eric Weigel

Leuthold’s Eric Weigel dissects earnings, sales and margin expectations for the coming year.

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