A couple of corrections for readers: Q3 ’16 Sp 500 earnings are up +3%, and NOT +3.6% as was detailed in yesterday’s headline; In the October 2nd blog post linked yesterday, this sentence, “If we add or average the Thomson … Continued
While we won’t start to hear most of the energy sector results until the last week of October ’16, Schlumberger (SLB) and Halliburton (HAL) report the week after next. Exxon (XOM) and Chevron (CVX) both report October 28th, 2016 or … Continued
Here is what Thomson Reuters and Factset are expecting for Q3 ’16 SP 500 earnings growth as of September 30 ’16: Thomson: -0.5% Factset: -2.1% Per Factset, this could be the 6th straight quarter of negative earnings growth for the … Continued
Let’s take a quick look at revisions within the SP 500. fc-eps-estimate-revisions Hopefully this spreadsheet, which has been updated weekly for years, is helpful to readers. Note how just within the last week, 412 of the SP 500 companies have … Continued
Occasionally it helps to take a step back and look at the annual SP 500 earnings data: 2017: $134.26 – (est) 14% SP 500 earnings growth expected next year 2016: $117.94 – est. Another year of 0% – 1% growth … Continued
Is there a forward earnings curve for the SP 500 ? Id say “yes” although readers need to be careful in the kind of earnings data they review when making investment decisions. There is “bottom-up” data which constitutes the quarterly … Continued
Energy and Basic Mat are just 10% of the SP 500, but commodities as an asset class have been at the bottom of the asset class return table for the last 5 years. However that began to change in February … Continued
Any sell-side analyst that started in the business after the year 2000, has to have an entirely different view of volatility than the analysts that were around in the 1980’s or 1990’s. Here is the “EPS estimate revision” spreadsheet that … Continued
FC2016(ests)92315 The above spreadsheet, gives an early look at what consensus analyst expectations are expecting for 2016. A couple caveats for readers: 1.) These estimates are constantly changing; 2.) 2016 sector estimates won’t get much freight until the Q3 ’15 … Continued
By the Numbers: The forward 4-quarter estimate fell this week to $123.51 from last week’s $123.82. The P.E ratio fell to 15.5(x) from last week’s 16(x) on the SP 500’s 3.4% weekly decline. The PEG ratio remains negative. The SP … Continued