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 (the latest estimates are as of April 4), 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 $103.66/share
-From a “top down” perspective, “as reported” earnings of $100.74/share
Currently, their estimates for 2013 add to the following:
-From a “bottom up” perspective, operating earnings of $118.85/share
-From a “top down” perspective, operating earnings of $109.77/share
-From a “top down” perspective, “as reported” earnings of $107.11/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 1368.71 as this post is written