This weekend’s Weekly Earnings Update which was really the SP 500 forward earnings curve is/was another sign that SP 500 earnings revisions are getting less negative. There are different ways we can look at the core IBES data (provided by Refinitiv), … Continued
First, let’s take a look at the last five years of annual SP 500 EPS and the year-over-year (y/y)growth rate : 2019: $162.93 for +1% y/y growth 2018: $161.93 for +23% y/y growth (tax-reform aided) 2017: $132.00 for +12% y/y … Continued
It’s easy to go off on a tangent when analyzing SP 500 earnings data so here is a quick summary of this blog’s conclusions: 1.) Look at various periods (i.e. annual and quarterly estimates) over various time frames, i.e. this … Continued
Q1 ’20 SP 500 earnings are going to reflect (probably) a strong January and February, 2020 and then a very weak March, 2020 while the 2nd quarter will / could reflect a very weak April, 2020 and then a slowly … Continued
Since last Wednesday night’s April 1, 2020 close, the SP 500 has risen over 11%. Crude oil bottomed in February ’16 at $28.50 per barrel (?), and I’m not sure if that was WTI or Brent. Today, WTI closed at … Continued
Maybe a better question for the headline to today’s blog post would have been, “What about the weekly SP 500 earnings data would have given clues to anticipating the Q4 ’18 selloff ? ” To be completely frank with regular … Continued
FC-eps estimate revisions The above spreadsheet is a far bigger data field than needs to be posted, but if you wish to take a look at SP 500 EPS estimate revisions since the 2009 market low, here is the spreadsheet … Continued
After the recent slippage in the forward estimate the last few weeks, a couple readers emailed and noted the decline and made some additional comments about the drop the forward estimate, which from a historical perspective, was almost immaterial. Readers … Continued
With the first quarter expected to end Thursday night, March 29th, 2018, given the stock and bond markets will be closed for Good Friday, the SP 500 could end the first quarter with a negative return despite the large upward … Continued
Longtime readers that pay attention to SP 500 earnings know that the typical pattern for the “forward 4-qtr estimate” is that its high print usually occurs the first week of every quarter as the trailing quarter falls off and the … Continued