Weekly Earnings Update:

Thomson Reuters data (by the numbers):

  • Forward 4-quarter estimate: $128.55 vs last week’s $128.54
  • P.E ratio: 17.6(x)
  • PEG ratio: 3.36(x)
  • SP 500 earnings yield: 5.68% vs last week’s 5.69%
  • Year-over-year growth in the forward estimate: +5.24% vs last week’s 4.51%

Analysis / conclusion: the goal is to be out with a sector update tomorrow, i.e. Sunday, Christmas Day and then another post on Monday, so today is simply an update of the Thomson earnings data.

The weekly numbers continue to indicate positive developments for SP 500 earnings, as – once again – the forward 4-quarter estimate ticked higher sequentially, if only by a small amount (and the typical pattern at this time of the quarter usually shows weekly sequential declines in the forward estimate).

Also, some of the bottom-up estimates tracked weekly but not shown on this blog, confirm the upward trend in estimates.

Note too the year-over-year growth in the forward estimate: this week’s 5.24% is now the highest y/y growth in the forward estimate since late 2014, or when crude oil was starting to come apart.

Thanks for reading. Readers should see a few more posts over the long weekend.



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