{"id":7453,"date":"2017-12-22T21:27:49","date_gmt":"2017-12-22T21:27:49","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=7453"},"modified":"2017-12-22T21:27:49","modified_gmt":"2017-12-22T21:27:49","slug":"sp-500-earnings-forward-expected-growth-rate-now-over-11","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=7453","title":{"rendered":"SP 500 Earnings: Forward &#8220;Expected&#8221; Growth Rate now over 11%"},"content":{"rendered":"<p>A quick update on the SP earnings data in front of the long weekend:<\/p>\n<p>Thomson Reuters data (by the numbers, This Week in Earnings dated 12\/22\/17)<\/p>\n<ul>\n<li><em><strong>Fwd 4-qtr est<\/strong><\/em>: $142.88<\/li>\n<li><em><strong>P.E ratio:<\/strong> <\/em>18.8x<\/li>\n<li><em><strong>PEG ratio:<\/strong><\/em> 1.68x<\/li>\n<li><em><strong>SP 500 earnings yield:<\/strong><\/em> +5.33% up a smidge from last week&#8217;s +5.32%<\/li>\n<li><em><strong>Year-over-year growth of the forward estimate:<\/strong>\u00a0+<\/em>11.15% vs last week&#8217;s +10.91%<\/li>\n<\/ul>\n<p><em><strong>Analysis \/ conclusion:<\/strong><\/em> this is the 10th consecutive week that the &#8220;y\/y growth of the forward estimate&#8221; has remained above the 10% level, and with this week&#8217;s update, the expected forward growth rate is now over 11%. This is the longest stretch for the indicator above 10% expected growth (which &#8211; to be clear &#8211; is calculated on this blog rather than provided by Thomson Reuters I\/B\/E\/S, so any mistakes are my own) since the 2007 &#8211; 2008 pre-Financial Crisis period.<\/p>\n<p>The SP 500 earnings data is flashing green for sure.<\/p>\n<p>The eternal question is how much is in the market at current prices ?<\/p>\n<p>Using the bottom up estimate from Thomson Reuters I\/B\/E\/S, the current expected SP 500 earnings growth rate for 2018 is 12%.<\/p>\n<p>More to come all weekend.<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A quick update on the SP earnings data in front of the long weekend: Thomson Reuters data (by the numbers,&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-7453","post","type-post","status-publish","format-standard","hentry","category-fwd-4-qtr-growth-rate-sp-500"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7453"}],"version-history":[{"count":2,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7453\/revisions"}],"predecessor-version":[{"id":7455,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7453\/revisions\/7455"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}