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 September 19, 2014:
from page 17:
(click on charts to enlarge images)
Change in Bottom-Up EPS vs. Top-Down Mean EPS (Trailing 26-Weeks)
from page 18:
Calendar Year Bottom-Up EPS Actuals & Estimates
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 1994.29 as this post is written