With the rolling into the new quarter on Thursday, July 1 ’20, the standard bump in the “forward 4-quarter estimate” occurred with the publication of Refinitiv’s “This Week in Earnings” as the forward 4-quarter estimate now covers Q3 ’20 through … Continued
The “forward 4-quarter” SP 500 estimate this week came in at $128.45 versus $128.32 from last week, for the first sequential improvement in the “forward 4-quarter estimate” since the week of January 17, 2020. The forward 4-quarter estimate covers the … Continued
Using some interim IBES data by Refinitiv reports, here is the “forward earnings curve” for the SP 500. This Week in Earnings comes out tonight. As readers can see using the base case the 2020 SP 500 estimate, the … Continued
The advantage of the “forward earnings curve” for the SP 500 is that it fills in the interim periods between calendar year EPS, and provides some concrete – albeit constantly changing – earnings data between the calendar years. Starting … Continued
In a nutshell, I’d say about 12 – 15 months forward and the data can be sparse beyond 12 months. Much was learned from the Q4 ’18 correction, which will be discussed in a minute, but for now let’s cover … Continued
Sourcing Bloomberg / Barclays data, are the YTD returns for the bond market asset classes as of Friday, April 12th, 2019: US Corp HiGrade: +5.13% US Corp High Yld: +8.14% Mortgages (MBS): +1.89% Municipals: +2,67% US Treas: +1.32% US TIPS: … Continued
Next week, as we roll into the 3rd quarter of 2018, the “forward 4-quarter estimate” should jump to (approximately) $168 per share, which is the sum of Thomson Reuters IBES’s quarterly estimates for Q3 ’18, through Q2 ’19. Looking at … Continued
Maybe a better title for today’s SP 500 earnings look, is “What impact did Apple’s fiscal Q3 ’17 quarter have on forward estimates” but let’s put that aside for a second. Each week on this blog the “forward … Continued
Per Thomson Reuter’s “This Week in Earnings” (by the numbers) as of 7/7/17: Fwd 4-qtr estimate: $139.21 P.E ratio: 17.5(x) PEG ratio: 1.82(x) SP 500 earnings yld: 5.74%, nice increase over last week’s 5.56% Year-over-year growth rate of fwd est: … Continued
Interest Rates: The yield on the 10-year Treasury rose 15 bp’s this past week, a sizable move relative to the last few years. The yellow line is the 10-year Treasury yield and it looks to be headed higher. The Quarterly … Continued