Revenue Forecasts For S&P 100 Companies: June 2016
Evgeny Ilyukhin | May 19, 2016 08:39PM ET
This article aims to provide forecasts for quarterly revenues of the S&P 100 companies (except DJIA companies) for June 2016.
The S&P 100 Index is a sub-set of the S&P 500 index that measures the performance of large cap companies in the United States. The selected stocks are traded on the New York Stock Exchange and the Nasdaq.
It is assumed that there is a strong relationship between financial announcements and stock returns, especially in case of revenue/earnings surprises. One can use forecasted trends and values to make proper investment/trading decisions prior to announcement dates.
The quarterly values in million US dollars over the period from March 2015 to March 2016 (Sharadar database) and forecasted period (author’s calculations) for June 2016 are presented in the table below. Seven companies were excluded because of insufficient data.
Notice that quarterly data for American International Group Inc (NYSE:AIG), Altria Group Inc (NYSE:MO) , Bank of America Corporation (NYSE:BAC), Capital One Financial Corp (NYSE:COF), Morgan Stanley (NYSE:MS), US Bancorp (NYSE:USB) and Wells Fargo & Co (NYSE:WFC) can be different from other data sources.
Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on relevant quarterly data (March 2003 - March 2016).
Companies are placed in alphabetical order. Forecasted values: increase in green; decrease in red.
The notable revenue increases are expected for ConocoPhillips (NYSE:COP) (71.59%), Devon Energy Corp (NYSE:DVN) (58.65%), Medtronic PLC (NYSE:MDT) (42.18%), Occidental Petroleum Corp (NYSE:OXY) (35.55%) and PepsiCo Inc (NYSE:PEP) (31.24%).
Sales of Exelon Corp (NYSE:EXC) (-23.99%), Target Corp (NYSE:TGT) (-20.43%) and Anadarko Petroleum Corp (NYSE:APC) (-19.89) will likely drop in the second quarter.
Generally, the S&P 100 companies show positive changes in their revenues.
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