Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Brendan W who wrote (4935)	9/2/1998 12:18:00 PM
From: yard_man	Read Replies (1) \| Respond to of 78614

Knew that 2 days ago. Qustion is: What's new today?

To: Brendan W who wrote (4935)	9/21/1998 3:33:00 PM
From: Brendan W	Respond to of 78614

One of the most concerning things about the stock market right now is that the average forecasted EPS for the September quarter for the major companies is flat or down from last year. This hasn't happened in almost a decade. The Wall St. Journal today had an article about this (http://interactive.wsj.com/articles/SB90638557455016000.htm). One of the interesting statements was: >>>>>>> A few big oil, financial and technology companies are expected to post heavy earnings declines, pulling the overall earnings number down. But the median company is expected to show about 9% earnings growth, according to both IBES and First Call. <<<<<<< Anyway, my dad asked me what the story was for the "consumer" companies. I researched this out of curiosity. Here's what I found. The first number is Zach's estimate for this quarter. The second is what Marketguide shows for September last year. It's not rigorous but it's interesting. It's a mixed bag. this year's vs last P&G .79 v .78 +1% Gillette .41 v .31 +32% Coca Cola .40 v .40 +0% Disney .17 v .20 -15% Wrigley .66 v .60 +10% Avon .30 v .26 +15% Philipp Morris .83 v .58 +43% Kellogg .38 v .50 -24% Pepsi .41 v .35 +17% Campbell .59 v .58 +2% Sara Lee .49 v .46 +7% Colgate .64 v .58 +10% Budweiser .83 v .79 +5% Heinz .59 v .51 +16% The mean percentage gain is about 8.5 percent (even if you throw out the outliers Kellogg and Philipp Morris).