Indices Quartlery Earnings

	A	B	D	E	G	H	I	J	K	L	M	N
1	Own calculation
2	Blended (Reported and Esitmated) Earnings				Q42023 Earning $B Jan Exp.	Q42023 Share Weight	Y/Y	Contribution
3	Consumer Discretionary				34.99	7.70%	16.09%	1.24%
4	Consumer Staples				28.97	6.38%	12.81%	0.82%
5	Energy				31.81	7.00%	-30.76%	-2.15%
6	Financials				78.92	17.38%	19.25%	3.35%	To resolve: Why is growth data contribution e.g. for Financial Services so different?
7	Health Care				54.07	11.91%	-21.68%	-2.58%	Answer: It was not as large due to the reclassification of Visa and mastercard to financials (?) See source above
8	Industrials				38.23	8.42%	3.74%	0.32%
9	Materials				9.44	2.08%	-24.96%	-0.52%
10	Real Estate				11.43	2.52%	7.22%	0.18%
11	Technology				106.76	23.51%	4.29%	1.01%
12	Communication Services				46.36	10.21%	31.15%	3.18%
13	Utilities				13.19	2.90%	56.28%	1.63%
14	S&P 500				454.17	100.00%	2.47%	2.47%
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17										Growth Data from Refinitiv
18	Blended (Reported and Esitmated) Earnings	Sector Weight (29 Feb '24)	Q4 2022 Earnings $B (Exhibit 11)	Q42022 Share Weight	Q42023 Earnings $B (Exhibit 11)	Q42023 Share Weight	Y/Y	Contribution		Q42023 Y/Y (Exhibit 10)	Q12024 Y/Y (Exhibit 10)
19	Consumer Discretionary	10.60%	30.14	6.80%	38.47	8.09%	27.64%	2.24%		37.20%	17.30%
20	Consumer Staples	6.00%	25.68	5.79%	30.38	6.39%	18.30%	1.17%		7.10%	-1.60%
21	Energy	3.70%	45.94	10.36%	34.18	7.19%	-25.60%	-1.84%		-21.90%	-25.50%
22	Financials	13.00%	66.18	14.93%	79.54	16.73%	20.19%	3.38%		8.80%	4.70%
23	Health Care	12.50%	69.04	15.58%	57.39	12.07%	-16.87%	-2.04%		-14.10%	-5.00%
24	Industrials	8.70%	36.85	8.31%	41.57	8.74%	12.81%	1.12%		8.40%	3.70%
25	Materials	2.30%	12.58	2.84%	9.76	2.05%	-22.42%	-0.46%		-18.90%	-22.80%
26	Real Estate	2.30%	10.66	2.41%	10.96	2.31%	2.81%	0.06%		9.90%	4.30%
27	Technology	29.80%	102.37	23.10%	113.53	23.88%	10.90%	2.60%		24.20%	20.00%
28	Communication Services	8.90%	35.35	7.98%	47.58	10.01%	34.60%	3.46%		53.30%	26.80%
29	Utilities	2.10%	8.44	1.90%	12.11	2.55%	43.48%	1.11%		36.00%	19.10%
30	S&P 500	99.90%	443.23	100.00%	475.47	100.00%	7.27%	7.27%		10.10%	5.10%	Averages given by Refinitiv. How are they calculated?
31										11.82%	3.73%
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