Tag Archives: S&P500 Earnings

Trends Of S&P500 Earnings Forecasts

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 December 16, 2016:

from page 19:

(click on charts to enlarge images)

S&P500 EPS trends

from page 20:

S&P500 annual EPS

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2270.76 as this post is written

S&P500 EPS Annual Estimates Years 2016 Through 2018

As many are aware, Thomson Reuters publishes earnings estimates for the S&P500.  (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag)

The following estimates are from Exhibit 20 of the “S&P500 Earnings Scorecard” (pdf) of December 20, 2016, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts.  For reference, the Year 2014 value is $118.78/share and the Year 2015 value is $117.46:

Year 2016 estimate:

$118.19/share

Year 2017 estimate:

$132.80/share

Year 2018 estimate:

$148.29/share

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2268.81 as this post is written

Standard & Poor’s S&P500 Earnings Estimates For 2016 & 2017 – As Of December 15, 2016

As many are aware, Standard & Poor’s publishes earnings estimates for the S&P500.  (My posts concerning their estimates can be found under the S&P500 Earnings tag)

For reference purposes, the most current estimates are reflected below, and are as of December 15, 2016:

Year 2016 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $108.95/share

-From a “top down” perspective, operating earnings of N/A

-From a “bottom up” perspective, “as reported” earnings of $99.36/share

Year 2017 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $131.11/share

-From a “top down” perspective, operating earnings of N/A

-From a “bottom up” perspective, “as reported” earnings of $122.66/share

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2261.72 as this post is written

2017 Estimates For S&P500 Earnings & Price Levels

In the December 19, 2016 edition of Barron’s, the cover story is titled “Outlook 2017:  This Bull Has Legs.”

Included in the story, 10 investment strategists give various forecasts for 2017 including S&P500 profits, S&P500 year-end price targets, GDP growth, and 10-Year Treasury Note Yields.

A couple of excerpts:

Every September and December, Barron’s surveys a group of prominent strategists at major investment banks and money-management firms to gauge their outlook for stocks, bonds, and the economy in the months and year ahead. In our previous survey three months ago, this normally upbeat crew was bearish for the first time in many years (“Barron’s Survey: Strategists Say Beware the Bear,” Cover Story, Sept. 3). Now they have returned to optimistic form, noting that Corporate America will get a significant boost to profits from anticipated lower corporate taxes, infrastructure spending, and reduced regulations under a Republican-dominated federal government that takes office next year. They expect job growth to accelerate, too.

also:

Our prognosticators forecast aggregate growth in S&P 500 earnings of about 7% next year, to $127 from an expected $118.75 in 2016. In most cases, the 2017 number doesn’t include the majority of Trump’s proposed reforms. Instead, it reflects incremental earnings gains plus a sharp rebound in energy-company profits, now that oil prices have nearly doubled from their February low. The Trump agenda, in force, could add $5 to $10 to S&P earnings, the strategists say. Industry analysts are forecasting 2017 earnings of $132.69, a 12% increase over this year.

The average estimate for the S&P500 at the end of 2017 is 2380.

The article also mentions that among the investment strategists, average expected 2016 GDP growth is 2.4%.

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2258.07 as this post is written

Trends Of S&P500 Earnings Forecasts

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 November 11, 2016:

from page 18:

(click on charts to enlarge images)

S&P500 earnings trends

from page 19:

S&P500 annual earnings

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2187.12 as this post is written

S&P500 Annual EPS Estimates Years 2016 Through 2018

As many are aware, Thomson Reuters publishes earnings estimates for the S&P500.  (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag)

The following estimates are from Exhibit 20 of the “S&P500 Earnings Scorecard” (pdf) of November 17, 2016, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts.  For reference, the Year 2014 value is $118.78/share and the Year 2015 value is $117.46:

Year 2016 estimate:

$118.49/share

Year 2017 estimate:

$132.56/share

Year 2018 estimate:

$147.63/share

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2186.63 as this post is written

Standard & Poor’s S&P500 Earnings Estimates For 2016 & 2017 – As Of November 11, 2016

As many are aware, Standard & Poor’s publishes earnings estimates for the S&P500.  (My posts concerning their estimates can be found under the S&P500 Earnings tag)

For reference purposes, the most current estimates are reflected below, and are as of November 11, 2016:

Year 2016 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $109.29/share

-From a “top down” perspective, operating earnings of N/A

-From a “bottom up” perspective, “as reported” earnings of $99.61/share

Year 2017 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $130.88/share

-From a “top down” perspective, operating earnings of N/A

-From a “bottom up” perspective, “as reported” earnings of $122.14/share

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2186.41 as this post is written

Trends Of S&P500 Earnings Forecasts

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 October 14, 2016:

from page 19:

(click on charts to enlarge images)

S&P500 EPS estimates

from page 20:

S&P500 annual EPS trends

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2139.76 as this post is written

S&P500 EPS Estimates Years 2016 – 2018

As many are aware, Thomson Reuters publishes earnings estimates for the S&P500.  (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag)

The following estimates are from Exhibit 20 of the “S&P500 Earnings Scorecard” (pdf) of October 19, 2016, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts.  For reference, the Year 2014 value is $118.78/share and the Year 2015 value is $117.46:

Year 2016 estimate:

$117.36/share

Year 2017 estimate:

$133.23/share

Year 2018 estimate:

$147.31/share

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2139.38 as this post is written

Standard & Poor’s S&P500 Earnings Estimates For 2016 & 2017 – As Of October 13, 2016

As many are aware, Standard & Poor’s publishes earnings estimates for the S&P500.  (My posts concerning their estimates can be found under the S&P500 Earnings tag)

For reference purposes, the most current estimates are reflected below, and are as of October 13, 2016:

Year 2016 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $109.97/share

-From a “top down” perspective, operating earnings of N/A

-From a “bottom up” perspective, “as reported” earnings of $101.40/share

Year 2017 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $131.88/share

-From a “top down” perspective, operating earnings of N/A

-From a “bottom up” perspective, “as reported” earnings of $121.12/share

_____

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.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2143.86 as this post is written