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. Sixty companies have yet to report in April, representing 32% of total market capitalization. This will be followed by another156 index constituents in May and 13 in June, representing 62% and 2% of S&P/TSX Composite market capitalization, respectively.
Earnings expectations: The S&P/TSX Composite index estimate of net income for the Q1 2016 calendar quarter is $19,931-million, which represents a decline of 10.5% (Qt/Qt-4).
Sales/revenue expectations: The S&P/TSX Composite index estimate of sales/revenue for the Q1 2016 calendar quarter is $264,041-million, which is essentially the same level as last year.
Profit expectations: The S&P/TSX Composite index estimate of profit margin for the Q1 2016 calendar quarter is 7.5%, which represents a decline compared to last year's performance (8.4%).
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