![\"\"](\"https:\/\/fundamentalis.com\/wp-content\/uploads\/applefeb319EPSrevests.png\")
\r\nApple’s EPS and revenue revisions
<\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n
Is Apple acting as a drag on the SP 500 earnings estimate ?<\/p>\r\n\r\n\r\n\r\n
* Fwd 4-qtr estimate:<\/em><\/strong> $169.13 vs $170.01 from last week<\/p>\r\n\r\n\r\n\r\n * P<\/em>E\u00a0<\/em><\/strong>Ratio:<\/strong> 16x\u00a0<\/em> * SP 500 earnings yield: <\/em><\/strong> 6.25% vs last week’s 6.38%<\/p>\r\n\r\n\r\n\r\n * Y\/Y growth of the fwd est: <\/em><\/strong>+4.2% vs last week’s 4.9%<\/p>\r\n\r\n\r\n\r\n Summary \/ conclusion: <\/em><\/strong>Microsoft\u00a0and\u00a0Amazon\u00a0have\u00a0to\u00a0see\u00a0their\u00a0fiscal\u00a02019\u00a0and\u00a02020\u00a0estimates\u00a0updated\u00a0as\u00a0well,\u00a0but\u00a0Apple’s continued negative revisions will weigh on the stock and the benchmark’s forward estimates since Apple remains the #2 weighting in the SP 500. Obviously, Microsoft is #1 now.<\/p>\r\n\r\n\r\n\r\n Thanks for reading.<\/p>\r\n","protected":false},"excerpt":{"rendered":" Here is an updated table on Apple’s 2019 and 2020 EPS and revenue estimates following their earnings report: Is Apple…<\/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":[90,91],"tags":[],"class_list":["post-8669","post","type-post","status-publish","format-standard","hentry","category-apple-aapl","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\/8669","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=8669"}],"version-history":[{"count":6,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8669\/revisions"}],"predecessor-version":[{"id":8678,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8669\/revisions\/8678"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
* PEG ratio<\/em><\/strong>: 3.77x<\/p>\r\n\r\n\r\n\r\n
The year-over-year growth of the SP 500’s forward estimate has slowed to its lowest rate of growth at +4.2% since the correction began in late Sept ’18. I do expect q1 ’19 to be the earnings trough for this cycle, with the shutdown now all but resolved.<\/p>\r\n\r\n\r\n\r\n