{"id":7726,"date":"2018-04-27T22:20:23","date_gmt":"2018-04-27T22:20:23","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=7726"},"modified":"2018-04-27T22:20:23","modified_gmt":"2018-04-27T22:20:23","slug":"sp-500-earnings-stellar-but-lackluster-response","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=7726","title":{"rendered":"SP 500 Earnings Stellar, but Lackluster Response"},"content":{"rendered":"<p><a href=\"https:\/\/fundamentalis.com\/?attachment_id=7727\" rel=\"attachment wp-att-7727\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-7727\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/bespokeSP500earnings42718-300x80.png\" alt=\"\" width=\"300\" height=\"80\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/bespokeSP500earnings42718-300x80.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/bespokeSP500earnings42718.png 511w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>As a regular Bespoke follower and subscriber, the research service always has a knack of quantifying the important points in the market, and this post today &#8211; copies and pasted today from Twitter, articulates exactly what is going on within the SP 500 today.<\/p>\n<p>Great Q1 &#8217;18 earnings, poor response by the individual stocks themselves and the SP 500.<\/p>\n<p>Here is the weekly update of the Thomson Reuters IBES numbers:<\/p>\n<ul>\n<li><em><strong>Fwd 4-qtr est:<\/strong><\/em> $162.43<\/li>\n<li><em><strong>P.E ratio:<\/strong><\/em> 16.4x<\/li>\n<li><em><strong>PEG ratio:<\/strong><\/em> 0.81x<\/li>\n<li><em><strong>SP 500 earnings yield:<\/strong><\/em> +6.08%<\/li>\n<li><em><strong>Year-over-year growth of forward estimate:<\/strong><\/em> +20.29%<\/li>\n<\/ul>\n<p>(Source: This Week in Earnings, dated 4\/27\/18)<\/p>\n<p><em><strong>Conclusion: <\/strong><\/em>Looking at SP 500 &#8220;revisions&#8221; data, (not shown) 69% of analyst estimate changes were &#8220;positive this week&#8221; well ahead of the last few weeks. This blog will have a chart on this metric this weekend, as a few other topics are examined.<\/p>\n<p>Here is the 4-week change in the SP 500 expected <em><strong>Q1 &#8217;18&#8217;s earnings growth<\/strong><\/em>:<\/p>\n<ul>\n<li><em><strong>4\/27\/18:<\/strong><\/em> +24.6%<\/li>\n<li><em><strong>4\/20\/18:<\/strong><\/em> +20.0%<\/li>\n<li><em><strong>4\/13\/18:<\/strong><\/em> +18.6%<\/li>\n<li><em><strong>4\/6\/18:<\/strong> <\/em>+18.4%<\/li>\n<li><em><strong>4\/1\/18:<\/strong><\/em> +18.5%<\/li>\n<\/ul>\n<p>Here is the expected 4-week change in the SP 500 expected <em><strong>Q2 &#8217;18 earnings growth<\/strong><\/em>:<\/p>\n<ul>\n<li><em><strong>4\/27\/18<\/strong><\/em>: +19.6%<\/li>\n<li><em><strong>4\/20\/18:<\/strong><\/em> +19.8%<\/li>\n<li><em><strong>4\/13\/18:<\/strong><\/em> +19.8%<\/li>\n<li><em><strong>4\/6\/18:<\/strong><\/em> +19.7%<\/li>\n<li><em><strong>4\/1\/18:<\/strong><\/em> +19.8%<\/li>\n<\/ul>\n<p>Q2 &#8217;18&#8217;s expected earnings growth for the benchmark is rock solid &#8211; no downward revisions at all.<\/p>\n<p>More to come this weekend on sectors, etc.<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; As a regular Bespoke follower and subscriber, the research service always has a knack of quantifying the important points&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":[89,91],"tags":[],"class_list":["post-7726","post","type-post","status-publish","format-standard","hentry","category-earnings-estimate-revisions","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\/7726","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=7726"}],"version-history":[{"count":4,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7726\/revisions"}],"predecessor-version":[{"id":7731,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7726\/revisions\/7731"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}