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
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
With yesterday’s post, the SP 500 earnings data was not posted. SP 500 earnings data (by the numbers): Using forward earnings data: Fwd 4-qtr est: $172.51 vs last week’s $172.90 Fwd PE: 18x Fwd PEG: 43x (will explain this further … Continued
The “forward 4-qtr estimate” next week (after the quarterly roll) will be $175.69, versus the $176.25 of two weeks ago. As readers can see, even looking out further than the typical earnings metrics, there is a natural degradation to the … Continued
The forward 4-quarter estimate is the key metric for this blog’s work since it’s the Street’s best estimate of forward EPS for the SP 500, and that means the forward PE can be calculated, and the “expected” growth rate as … Continued
So much will be written this weekend about the FOMC meeting Wednesday, but here is the snapshot of the CME fed funds future contract probabilities as of Friday, July 26th, 2019. Sure looks like we get a 25 bp … Continued
Apple may throw a life vest to the beleaguered Technology sector this week, with their fiscal Q4 ’18 financial results release after the bell on November 1, ’18. To keep tonight’s post short and sweet, here is how Apple’s EPS … Continued
The goal of the above table is to give readers some idea of how the SP 500’s EPS estimates have changed the last few months. The week of 12/22/2017 was the Friday the President signed the 2017 tax reform … Continued
https://insight.factset.com/record-number-of-sp-500-companies-issuing-positive-eps-guidance-for-2018 The above link may be the best summary of this week’s earnings “action” but Factset notes pointedly that “A record number of SP 500 companies are issuing positive EPS guidance for 2018”. Here is the Thomson Reuters data (by … Continued
A quick update on the SP earnings data in front of the long weekend: Thomson Reuters data (by the numbers, This Week in Earnings dated 12/22/17) Fwd 4-qtr est: $142.88 P.E ratio: 18.8x PEG ratio: 1.68x SP 500 earnings yield: … Continued