Come Thursday, March 31, 2015, Thomson Reuters should publish the final Q4 ’15, bottom-up actual dollar earnings figure for the SP 500, thus we will know by Thursday night the exact full-year earnings number for the SP 500 for 2015. … Continued
Lowest Net Profit Margin Projected for S&P 500 since Q4 2012 The above link to Factset’s great discussion on SP 500 margins, dated March 18, 2016, supports this blog’s thesis from March 12, 2016, that Q1 ’16 will likely be … Continued
I wanted to post this data just to show how sector earnings data can be useful. from Thomson and Factset, and how forward estimates can be impacted by M&A. Here is the spreadsheet detailing the trends in revenue and forward … Continued
In 2015, the “forward 4-quarter” earnings estimate for the SP 500 turned negative in early April ’15 and stayed that way for all of 2015, as rapidly-declining Energy estimates and the strong dollar took its toll on SP 500 earnings. … Continued
If you read Factset’s “Earnings Insight” this weekend (and I highly recommend you read it every weekend), you will see John Butters focused on the “GAAP vs Non-GAAP” earnings debate, which surfaces a few times of year and is usually … 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
The headline continues to be the $64,000 question, regarding SP 500 earnings. The reason the probability for SP 500 earnings bottoming in Q1 ’16 is starting to gain some traction is the action in commodities, and the action in the … Continued
SP 500 Earnings data “by the numbers”: (source Thomson Reuters “This Week in Earnings”): Forward 4-quarter estimate: $120.95 versus $121.23 P.E ratio: 16.5(x) PEG ratio: 14.5(x) and continues in nosebleed territory given 1% – 2% y/y EPS growth rate SP … Continued
With 95% of the SP 500 having reported Q4 ’15 earnings, for full-year 2015, SP 500 earnings growth is expected to come it at -1%. The forward four-quarter estimate for 2016 is projecting +1.3%. There is your issue with the … Continued