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
Next week, readers will see the “quarterly bump” in the forward 4-quarter estimate with the key metric expected to rise from the $127.98 this week to the low $140 area as the forward estimate period will cover Q3 ’20 through … Continued
Here’s a quick rundown of the weekly stats: SP 500’s “Forward 4-quarter estimate” ended this week at $128.34 vs $128.45 Remember on July 1 the forward estimate will “roll” from the period covering Q2 ’20 to Q1 ’21, to Q3 … 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
So far anyway, although there is another 4 weeks until Q2 ’20 earnings start, here is how 2019 – 2021 SP 500 EPS look: 2021: $164.00 (current estimate for full-year 2021 SP 500 EPS) 2020: $125.48 (current estimate) 2019: $162.93 … Continued
The constant focus on SP 500 earnings often overlooks the importance of SP 500 revenue. The same quality analysis of SP 500 earnings by IBES data by Refinitiv, doesn’t always extend to SP 500 revenue. Readers of Refinitiv data reports … Continued
Using Refinitiv’s Earnings Aggregates published this morning, Friday, May 22nd, 2020, and updating our spreadsheet, readers can see the continued decline in the rate of erosion in forward estimates, which – all other things being equal – should be … Continued
(Estimate source is IBES data by Refinitiv, This Week in Earnings) This has been a common theme the last few weeks, but the fact is the sequential and 4-week rate of change of the forward estimates are still falling at … 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
One thing that’s been tracked for a while, but might be somewhat useful in this type of market environment where everyone is looking for some “pandemic allegory” is just averaging expected 2020 and 2021 full-year SP 500 growth rates. Here … Continued