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 March 13, 2020:
Year 2019 estimates add to the following:
-From a “bottom up” perspective, operating earnings of $157.10/share
-From a “top down” perspective, operating earnings of N/A
-From a “bottom up” perspective, “as reported” earnings of $139.53/share
Year 2020 estimates add to the following:
-From a “bottom up” perspective, operating earnings of $169.94/share
-From a “top down” perspective, operating earnings of N/A
-From a “bottom up” perspective, “as reported” earnings of $155.26/share
Year 2021 estimates add to the following:
-From a “bottom up” perspective, operating earnings of $191.05/share
-From a “top down” perspective, operating earnings of N/A
-From a “bottom up” perspective, “as reported” earnings of $171.24/share
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this site 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 2476.58 as this post is written