{"id":8918,"date":"2019-04-27T17:08:11","date_gmt":"2019-04-27T17:08:11","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=8918"},"modified":"2019-04-27T17:08:11","modified_gmt":"2019-04-27T17:08:11","slug":"how-have-full-year-2019-sp-500-earnings-estimates-changed","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=8918","title":{"rendered":"How Have Full-Year 2019 SP 500 Earnings Estimates Changed ?"},"content":{"rendered":"

First, for the first time in a while, the number of “positive revisions” to SP 500 estimates outnumber “negative revisions: Here’s the data and the graph:<\/p>\n

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Click to enhance \/ enlarge<\/figcaption><\/figure>\n

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The above is a spreadsheet kept weekly on the number of positive and negative SP 500 EPS estimate revisions. What the reader wasn’t shown, but will be displayed in mid-May or so, is that this week’s “positive” revisions for the SP 500, was the first positive number above 50% since 11\/23\/18.<\/p>\n

The Street has been negative – for some time – on EPS estimates until this week.<\/p>\n

That’s a good sign.<\/p>\n

Here is the graphical display of the same data, but the IBES graph data only goes back to early Feb ’19:<\/p>\n

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Click to enhance \/ enlarge<\/figcaption><\/figure>\n

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So, how have 2019 sector growth rates changed for the SP 500 ?<\/strong><\/em><\/p>\n

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Click to enlarge \/ enhance<\/figcaption><\/figure>\n

Note how the overall SP 500 expected earnings growth rate for 2019 was revised slightly lower since April 1 ’19, BUT several sectors have been revised higher, meaning that as of Friday, April 26, ’19, the expected sector earnings growth is higher today than it was on April 1, ’19.<\/p>\n

Which sectors are looking for better earnings growth for full-year 2019 today than on April 1, ’19 ?<\/p>\n