Financials start the Q4 ’19 earnings season this week, which is typical each quarter, as Financial’s start reporting and mostly finish reporting before the rest of the SP 500 does their quarterly duty. The other interesting (and mostly irrelevant) fact … Continued
The new “forward 4-quarter” estimate as we roll into the new January ’20 quarter is $176.74 versus last week’s $171.15. This happens every quarter and now for the next twelve weeks the $176.74 will gradually erode into the last week … Continued
In prepping to write this weekly update, the SP 500’s “forward earnings yield” at 5.28% is as low as I’ve seen it post 2008. Yes, that’s a long time. The lowest I’ve seen it prior to this is the week … Continued
The “forward 4-quarter estimate” in terms of it’s 1-year change % or y/y growth, looks to have bottomed on November 1 ’19. This number has been declining since late September ’18, and peaked the week the SP 500 topped … Continued
This “forward estimate 1-year chg %” continues to tell the right story thus it will continue to be shown every week, after bottoming the week of 11/1/2019. That +0.06% -year change in the forward estimate on 11/1/19 was the … Continued
First order of business this week is to relay to readers a note received this past week, from John Butters, the Factset principal behind Factset’s weekly “Earnings Inisght” report. John sent me an email this week, saying that Factset did … Continued
Updating the numbers this holiday weekend, the expected 2019 SP 500 estimate today is $162.20 vs 2019’s actual tax-cut-aided $161.93, so there is now a whopping difference of $0.27 between the two years actual SP 500 EPS, which puts 2019’s … Continued
The bottom row of the above section of spreadsheet shows that the “1-year % chg” has now improved for 4 straight weeks (hopefully that will continue) but I’d like to see another few weeks of growth in order to … Continued
Per IBES 461, of the SP 500 have reported their Q3 ’19 results. We continue to lap toughest quarter of 2018 in terms of quarterly earnings, as Q3 ’18 saw SP 500 EPS grow 28% and SP 500 revenue grow … Continued
We heard very little about this week’s Ron Baron forecast, where he predicted a 650,000 DJIA in 50 years. The math is simple as Baron detailed it: he assumed a 6.5% average annual return for the Dow 30 for a … Continued