As many are aware, Standard & Poors publishes earnings estimates for the S&P500. (My posts concerning their estimates can be found under the S&P500 Earnings tag)
Currently (their latest estimates are as of February 29), their estimates for 2012 add to the following:
-From a “bottom up” perspective, operating earnings of $104.89/share
-From a “top down” perspective, operating earnings of $104.82/share
-From a “top down” perspective, “as reported” earnings of $99.98/share
Currently, their estimates for 2013 add to the following:
-From a “bottom up” perspective, operating earnings of N.A.
-From a “top down” perspective, operating earnings of $111.73/share
-From a “top down” perspective, “as reported” earnings of $108.42/share
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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 1352.63 as this post is written