The SP 500 is down roughly 10% – 11% from its late September ’18 high and yet market bearishness is the highest in 6 years ? Here is the SP 500 earnings data: (Source IBES by Refinitiv) Fwd 4-qtr est: … Continued
On downward earnings revisions to the SP 500: From John Butters at Factset, November 30. 2018: ” During the first two months of the fourth quarter, analysts lowered earnings estimates for companies in the S&P 500 for the quarter. The Q4 … Continued
With the 2.5% rally this week in the SP 500, the SP 500 “earnings yield” ended Friday, November 2nd, 2018 at 6.36% vs last week’s 6.52%. The last time we saw a lengthy string of SP 500 earnings yield prints … Continued
Apple may throw a life vest to the beleaguered Technology sector this week, with their fiscal Q4 ’18 financial results release after the bell on November 1, ’18. To keep tonight’s post short and sweet, here is how Apple’s EPS … Continued
FCSP500EarningsYield The above link is a new spreadsheet comparing the “4-quarter trailing” SP 500 earnings yield and the “forward 4-quarter” SP 500 earnings yield. Readers have asked about the 4-quarter trailing SP 500 EPS earnings yield, but the time was … Continued
Apple does not report until Thursday, November 1 ’18, but the smartphone giant is the big dog in the Technology sector after the creation of the Communications sector. Per David Aurelio of Refinitiv IBES, Apple’s EPS weight within the Tech … Continued
The combination of a $4.89 increase in the forward 4-quarter estimate two weeks ago, and then the 4% drop in the SP 500 this week, has produced an usually high S&P 500 earnings yield of 6.27%. Looking at my own … Continued
Looking at overall SP 500 estimates for the 3rd and 4th quarters of 2018: Q3 ’18: As of 10/5/18: +21.5% y/y growth expected for SP 500 EPS As of 10/1/18: +21.6% y/y growth expected for SP 500 EPS As of … Continued
From Thomson Reuters “This Week in Earnings”: Forward 4-qtr est: $168.26 vs last week’s $168.23 PE ratio: 16.6x PEG ratio: 0.79x SP 500 earnings yield: +6.01% vs last week’s 6.10% Year-over-year growth of fwd est: +21.14 vs last week’s +20.85% … Continued
Here is what the Street is expecting – by sector – for Q2 ’18 revenue growth: Energy: +19.9%, vs +17.8% as of April 15, 2018 Basic Mat: +13.2%, +11.3% as of April 15, 2018 Technology: +12.4%, vs +10.9% as of … Continued