{"id":8610,"date":"2019-01-08T00:34:57","date_gmt":"2019-01-08T00:34:57","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=8610"},"modified":"2019-01-08T00:34:57","modified_gmt":"2019-01-08T00:34:57","slug":"how-have-2019-sp-500-eps-and-revenue-estimates-changed","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=8610","title":{"rendered":"How Have 2019 SP 500 EPS and Revenue Estimates Changed ?"},"content":{"rendered":"<figure id=\"attachment_8611\" aria-describedby=\"caption-attachment-8611\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/?attachment_id=8611\" rel=\"attachment wp-att-8611\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8611\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2019EPSestIBES11419-300x106.png\" alt=\"\" width=\"300\" height=\"106\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2019EPSestIBES11419-300x106.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2019EPSestIBES11419-768x273.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2019EPSestIBES11419.png 834w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-8611\" class=\"wp-caption-text\">Click to enhance \/ enlarge<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Here is the change in the 2019 SP 500 &#8220;expected&#8221; earnings growth by sector the last 7 months.<\/p>\n<p>Here is what really surprised me though: check the trends in the SP 500 revenue estimates since the market peak in late Sept &#8217;18:<\/p>\n<figure id=\"attachment_8614\" aria-describedby=\"caption-attachment-8614\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/?attachment_id=8614\" rel=\"attachment wp-att-8614\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8614\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2019revests1719-300x141.png\" alt=\"\" width=\"300\" height=\"141\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2019revests1719-300x141.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2019revests1719-768x360.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2019revests1719.png 911w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-8614\" class=\"wp-caption-text\">Click to enhance \/ enlarge<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Since the market top in late Sept, the &#8220;estimated&#8221; 2019 revenue growth has actually been revised higher, both for the overall SP 500 and the SP 500 &#8220;ex-energy&#8221;.<\/p>\n<p>Both of these charts \/ tables are compliments of IBES for Refinitiv.<\/p>\n<p>HealthCare&#8217;s January &#8217;19 revenue estimate looks like a bad data point, but note the improvement in Communication Services.<\/p>\n<p>And don&#8217;t forget this is all after Apple&#8217;s warning.<\/p>\n<p>Thanks for reading,<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Here is the change in the 2019 SP 500 &#8220;expected&#8221; earnings growth by sector the last 7 months. Here&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":[213],"tags":[],"class_list":["post-8610","post","type-post","status-publish","format-standard","hentry","category-2019-sp-500-earnings"],"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\/8610","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=8610"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8610\/revisions"}],"predecessor-version":[{"id":8615,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8610\/revisions\/8615"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}