S&P500 earnings trends and estimates are a notably important topic, for a variety of reasons, at this point in time.
FactSet publishes a report titled “Earnings Insight” that contains a variety of information including the trends and expectations of S&P500 earnings.
For reference purposes, here are two charts as seen in the “Earnings Insight” (pdf) report of June 20, 2014:
from page 18:
(click on charts to enlarge images)
CY Bottom-Up EPS vs. Top-Down Mean EPS (Trailing 26-Weeks)
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from page 19:
Calendar Year Bottom-Up EPS Actuals & Estimates
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1949.98 as this post is written