{"id":11417,"date":"2021-04-10T12:24:36","date_gmt":"2021-04-10T18:24:36","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=11417"},"modified":"2021-04-10T12:24:36","modified_gmt":"2021-04-10T18:24:36","slug":"sp-500-weekly-earnings-update-forward-estimate-now-183-average-2020-2021-together-to-get-read-on-growth-rates","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=11417","title":{"rendered":"SP 500 Weekly Earnings Update: Forward Estimate now $183. Average 2020\/2021 Together to Get Read on Growth Rates."},"content":{"rendered":"

Last week<\/a>, IBES data by Refinitiv never published the Q1 – Q4 ’22 bottom up quarterly SP 500 EPS estimates, which meant that the “forward 4-quarter” estimate covering Q2 ’21 – Q1 ’22 could only be estimated at $180 “ish” and in fact the estimate was conservative.<\/p>\n

This week, IBES published the 2022 quarterly bottom-up data and the forward 4-quarter estimate jumped to $183.34 vs last week’s $175.54.<\/p>\n

That is an $8 sequential increase in expected SP 500 EPS, which is similar to the 4th quarter ’20 roll and the $9 jump at the end of the 3rd quarter, 2020.<\/p>\n

2021 SP 500 EPS and revenue revisions still higher:\u00a0<\/em><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Data source: IBES data by Refinitiv<\/p>\n

This table was crafted or devised so readers could easily see the trend in revisions for “expected” forward quarters for 2021.<\/p>\n

The table begins at October ’20 last year to give readers 6 full months by week of what revisions look like for forward quarters.<\/p>\n

The revisions remain positive. That doesn’t mean the US stock can’t correct and given all the remarkably overbought metrics around bullish sentiment and such, but positive revisions to forward SP 500 estimates are generally – but not always – a positive for “expected” returns.<\/p>\n

SP 500 EPS and revenue data by the numbers:\u00a0<\/strong><\/em><\/p>\n