America's Economic Future – A Discussion By Ted Kavadas
Barron’s came out with its “Fall 2010 Big Money Poll” on November 1. There are a variety of statistics and poll results in it that I found interesting. Of special note is the S&P500 2011 profit consensus of respondents, at $91.11. There seems to be a growing overall consensus that S&P500 Operating Earnings will be …
In the October 11-October 17 2010 issue of Bloomberg BusinessWeek, it had an article titled “The Corporate Profit Engine May Be Slowing.” The article contains a variety of information concerning earnings. An excerpt: “For the first time in more than a year, Wall Street analysts cut their forecasts for Standard & Poor’s 500-stock index earnings …
As many are aware, Standard & Poors publishes earnings estimates on a quarterly basis. My previous post concerning their estimates can be found at this May 30 post) Currently, their estimates for 2010 add to the following: -From a “bottom up” perspective, operating earnings of $82.87/share -From a “top down” perspective, operating earnings of $78.29/share …
On June 1 The Wall Street Journal had an article titled “Analysts Cheer For Recovery.” From the article: “Current estimates put the S&P 500 on track for earnings per share of $85.26 this year, according to Thomson Reuters, a return to 2007 levels. Analysts’ $96.61 forecast for 2011 earnings would mark a record that surpasses …
As many are aware, Standard & Poors publishes earnings estimates on a quarterly basis. Currently, their estimates for 2010 add to the following: -From a “bottom up” perspective, operating earnings of $81.72/share -From a “top down” perspective, operating earnings of $71.32/share -From a “top down” perspective, “as reported” earnings of $64.84/share Currently, their estimates for …
Tommorrow’s Barron’s cover story has forecasts provided by 12 strategists and investment managers. I would like to highlight their S&P500 earnings forecasts for 2010. As seen on page 28, the average of the 12 stated forecasts is $75.75. From what I have seen, this $75 level is very common among forecasters, and as such seems like the predominant forecast for …