Thomson Reuters data by the numbers:
Fwd 4-qtr est:$142.45 vs last week’s $142.30
P.E ratio: 18.3x
PEG ratio: 1.7x
SP 500 earnings yield: 5.47% vs 5.52% last week
Year-over-year growth of fwd estimate: +10.8% vs last week’s 10.78%
Source: This Week in Earnings, Thomson Reuters I/B/E/S dated 11/24/17
Last night a quick primer on the “SP 500 earnings yield”, generated some reader comments, so it needs to be flushed out a little more.
For this weekend, the “year-over-year growth of the forward estimate” continues to stand out: this week’s +10.8% was the 6th sequential increase in the last 7 weeks, and the metric is now firmly over 10%, a level it has struggled to reach for post-2008.
The earnings data continues to look good.
More to come over the weekend – thanks for reading.