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 November 8, 2023:
Year 2023 estimates add to the following:
-From a “bottom up” perspective, operating earnings of $215.17/share
-From a “bottom up” perspective, “as reported” earnings of $196.02/share
Year 2024 estimates add to the following:
-From a “bottom up” perspective, operating earnings of $243.32/share
-From a “bottom up” perspective, “as reported” earnings of $220.70/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 4411.55 as this post is written