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 January 13, 2022:
Year 2021 estimates add to the following:
-From a “bottom up” perspective, operating earnings of $202.14/share
-From a “bottom up” perspective, “as reported” earnings of $191.83/share
Year 2022 estimates add to the following:
-From a “bottom up” perspective, operating earnings of $220.31/share
-From a “bottom up” perspective, “as reported” earnings of $209.00/share
Year 2023 estimates add to the following:
-From a “bottom up” perspective, operating earnings of $234.23/share
-From a “bottom up” perspective, “as reported” earnings of N/A
_____
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.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 4662.85 as this post is written