This was a relevant post by David Templeton of Horan Capital Advisors this week. I thought it was best addressed by doing a quick spreadsheet on updating the EPS estimates for the Top 10 Market Cap weights in the SP … Continued
That is the whole dynamic in one simple sentence. 2019 SP 500 earnings expectations have been expecting slower growth for some time but now that expected earnings growth for next year has been reduced to 8%. Transports look ugly, made more … Continued
Even though the 10-year Treasury yield fell 15 bp’s on the week, from 3% to 2.85, the “forward 4-quarter” estimate rose $0.04 sequentially ending the week at $171.05, up from $171.01. What’s unusual about the sequential increase of $0.04 is … Continued
With the 3rd quarter in the books for the most part, the 28% y/y earnings growth for the SP 500 (per IBES by Refinitiv) will be strongest rate of earnings growth for the key benchmark since – well – the … Continued
The Top 10 weights in the SP 500 which constitute roughly 22% of the SP 500 by market cap as of Friday, November 16th, 2016, and thus a substantial portion of the index. To try and get some reality … Continued
A little more discussion on 2019 SP 500 EPS estimates and looking into next year. Staying away from sector estimates for now, how have 2019 “bottom-up” annual EPS estimates tracked for the SP 500 over 2018 ? Readers … Continued
WalMart (WMT) officially ends the Q3 ’18 earnings season this week, with their report Thursday morning. Looking ahead to next year and to answer the headline question directly, “Not Much” is probably the best answer. Let’s look at the data: … 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
Revenue Period S&P 500 Total 2020E 2019E 5.4% 2018E 8.4% 2017 6.6% 2016 1.1% 2015 -3.6% 2014 3.9% 2013 1.5% 2012 1.7% Source: Refinitiv IBES Thanks to Tajinder Dhillon, part of David Aurelio’s team at Refinitiv IBES, the old … Continued
Here is the expected (and actual) EPS and revenue growth for the Technology sector: Q4 ’19: +11.3%, +5.6% (est) Q3 ’19:+9.6%, +5.6% (est) Q2 ’19: +5%, +4.8% (est) Q1 ’19: +6.8%, +5.1% (est) Q4 ’18: +13.8%, +5.3% (est) Q3 ’18: … Continued