If the only metric published this weekend is the “growth rate of the forward estimate” that would be enough.
It rose again this past week to 8.85%, versus last week’s 8.62%.
You never hear anything about it either.
Thomson Reuters I/B/E/S data (by the numbers): Source “This Week in Earnings”
Forward 4-quarter estimate: $131.04, vs last week’s $131.07
P.E ratio: 18(x)
PEG ratio: 2.05(x) (now that the PEG ratio has normalized, perhaps this is the top ?)
SP 500 earnings yield: 5.51% vs last week’s 5.52%
Year-over-year growth of forward estimate: +8.85%, the 7th straight weekly increase
2017 will be the best year of earnings growth – well – since 2011, and that probably doesn’t include tax reform.
More to come this weekend.
Thanks for reading.