{"id":7610,"date":"2018-03-16T21:40:12","date_gmt":"2018-03-16T21:40:12","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=7610"},"modified":"2018-03-16T21:40:12","modified_gmt":"2018-03-16T21:40:12","slug":"how-have-expected-2018-and-2019-sp-500-dollar-estimates-changed","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=7610","title":{"rendered":"How Have Expected 2018 and 2019 SP 500 Dollar Estimates Changed ?"},"content":{"rendered":"<figure id=\"attachment_7611\" aria-describedby=\"caption-attachment-7611\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/?attachment_id=7611\" rel=\"attachment wp-att-7611\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-7611\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/TRests2018201931618-300x230.png\" alt=\"\" width=\"300\" height=\"230\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/TRests2018201931618-300x230.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/TRests2018201931618.png 448w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-7611\" class=\"wp-caption-text\">Click to enlarge<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>The goal of the above table is to give readers some idea of how the SP 500&#8217;s EPS estimates have changed the last few months.<\/p>\n<p>The week of 12\/22\/2017 was the Friday the President signed the 2017 tax reform bill.<\/p>\n<p>Here is <em><strong>another data table<\/strong><\/em> that might help readers:<\/p>\n<ul>\n<li>2019: +10% expected SP 500 EPS growth<\/li>\n<li>2018 +19% expected SP 500 EPS growth<\/li>\n<li>2017 +12% expected SP 500 EPS growth<\/li>\n<\/ul>\n<p>This blog was flagging the <a href=\"https:\/\/fundamentalis.com\/?p=5953\">expected acceleration in 2017 SP 500 earnings growth back<\/a> in May, 2016. Did that mean the SP 500 consensus analyst expectations were expecting a President Trump victory in 2016 ? The reason isn&#8217;t that important &#8211; the fact was following forward earnings estimates gave readers a powerful clue in May, 2016.<\/p>\n<p>What is the latest data from Thomson Reuters this week ?<\/p>\n<ul>\n<li><em><strong>Fwd 4-qtr est:<\/strong><\/em> $158.32 vs last week&#8217;s $158.23.<\/li>\n<li><em><strong>P.E ratio:<\/strong> <\/em>17.4x<\/li>\n<li><em><strong>PEG ratio:<\/strong><\/em> 0.38x<\/li>\n<li><em><strong>SP 500 earnings yield:<\/strong><\/em> 5.75% vs last week&#8217;s 5.69%<\/li>\n<li><em><strong>Year-over-year growth rate of fwd est:<\/strong><\/em> +20.8%, the 17th consecutive week of sequential increases in the y\/y growth rate.<\/li>\n<\/ul>\n<p>Conclusion: the SP 500 corrects on average 15% a year, but the fundamental SP 500 earnings trends are still positive, in fact, very positive.<\/p>\n<p>Readers need to see the bigger picture on the index, for those who have the SP 500 in a 401(k), 403(b), or don&#8217;t want to pick stocks.<\/p>\n<p>The sharp acceleration in expected 2018 EPS growth is unmistakable, and its powerful too.<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The goal of the above table is to give readers some idea of how the SP 500&#8217;s EPS estimates&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":[200,196,92,91],"tags":[],"class_list":["post-7610","post","type-post","status-publish","format-standard","hentry","category-2017-tax-reform","category-196","category-fwd-4-qtr-growth-rate-sp-500","category-weekly-earnings-update"],"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\/7610","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=7610"}],"version-history":[{"count":5,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7610\/revisions"}],"predecessor-version":[{"id":7616,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7610\/revisions\/7616"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}