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Actionable news in UA: UNDER ARMOUR Inc,

Netflix and Under Armour are among companies that will propel the consumer sector next year

Analysts expect Netflix to lift earnings per share by 49% next year.

(This is the second in a two-part series on earnings-season results. The first part summarized earnings increases or declines for the 10 S&P 500 sectors, and dug deeper into results and estimates for the health-care sector.)

Several sectors of the S&P 500 SPX, -1.40% are being damaged by the stronger dollar, since U.S. exporters’ prices are rising overseas as other countries are experiencing economic slowdowns and competitively devaluing their currencies. Even the consumer-staples sector, which tends to do well in any economic environment, is set to post a decline in third-quarter earnings per share.

But the consumer-discretionary sector is in a different situation, poised to produce a double-digit increase in third-quarter EPS, the best among S&P 500 sectors. Growth in the U.S. economy, along with a decline in unemployment, is having a positive effect.

Then again, as we discussed in part one of this series, all sectors are expected to record slower growth in the fourth quarter than they did in the same period in 2014, except for the telecommunications sector:

S&P 500 Sector Estimated EPS growth - Q4 2015 Actual EPS growth - Q4 2014
Telecom. Services 17.9% 8.7%
Consumer Discretionary 9.7% 13.0%
Health Care 7.5% 24.2%
Financials 3.7% 4.2%
Industrials 1.5% 12.3%
Utilities -0.4% 0.0%
Consumer Staples -3.7% 0.8%
Information Technology -4.0% 17.3%
Materials -19.3% 1.3%
Energy -65.1% -22.0%
S&P 500 -3.7% 7.8%
Source: S&P Capital IQ

Half of the sectors are poised to post earnings declines.

To focus on more positive aspects of the holiday quarter, we decided to list consumer-discretionary companies that are expected to show the greatest increases in fourth-quarter sales per share.

Why focus on sales per share? One reason is that earnings results for any one quarter can be skewed by one-time events, including a gain from the sale of a unit...