{"id":9693,"date":"2020-01-02T19:38:48","date_gmt":"2020-01-02T19:38:48","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=9693"},"modified":"2020-01-02T19:38:48","modified_gmt":"2020-01-02T19:38:48","slug":"updating-sp-500-2020-eps-growth-rates-by-sector","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=9693","title":{"rendered":"Updating SP 500 2020 EPS Growth Rates by Sector"},"content":{"rendered":"<figure id=\"attachment_9695\" aria-describedby=\"caption-attachment-9695\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/?attachment_id=9695\" rel=\"attachment wp-att-9695\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-9695\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/Sp5002020epsest1220-300x102.png\" alt=\"\" width=\"300\" height=\"102\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/Sp5002020epsest1220-300x102.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/Sp5002020epsest1220-768x261.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/Sp5002020epsest1220.png 816w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-9695\" class=\"wp-caption-text\">Click to enhance \/ open \/ enlarge<\/figcaption><\/figure>\n<p>(Source: IBES by Refinitiv)<\/p>\n<p>This table was sent out to readers on December 1 (<a href=\"https:\/\/fundamentalis.com\/?p=9569\">here<\/a>) and once in November &#8217;19 (<a href=\"https:\/\/fundamentalis.com\/?p=9457\">here<\/a>).<\/p>\n<p>On December 1, readers were told to keep an eye on Consumer Discretionary and Real Estate.<\/p>\n<p>It&#8217;s not negative revisions that worry us &#8211; it&#8217;s expected that analyst estimates erode as we get closer to a quarter (Ed Yardeni has written about this for years) &#8211; it&#8217;s positive revisions to sectors even as the rest of the SP 500 typically sees downward revisions, that provide a positive tell for investors.<\/p>\n<p>Financials &#8211; per the above table &#8211; have been stable now since October 1 &#8217;19 (i.e. the expected 2020 growth rate has been stable) which is a positive.<\/p>\n<p>Consumer Discretionary, Real Estate and Financials &#8211; the revisions portend positively for each of the these sectors.<\/p>\n<p><em><strong>Summary \/ conclusion: <\/strong><\/em>As a whole, the SP 500 looks pretty good heading into Q4 &#8217;19 earnings in a week or so. &#8220;Degradation&#8221; or erosion hasnt been too bad since October 1 of 2019. My guess is Q4 &#8217;19 earnings and revenue will come in a little &#8216;hot&#8221; (good upside) and 2020 guidance will be tempered. Like overall stock market sentiment, no one wants to be bullish.<\/p>\n<p>2019 was a good year.<\/p>\n<p>This is the first official blog post of 2020 and I thought readers deserved an update of 2020 sector estimates.<\/p>\n<p>Thanks for being a reader. My personal email is brianglm@trinityasset.com.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Source: IBES by Refinitiv) This table was sent out to readers on December 1 (here) and once in November &#8217;19&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":[230],"tags":[],"class_list":["post-9693","post","type-post","status-publish","format-standard","hentry","category-2020-sp-500-earnings-data"],"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\/9693","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=9693"}],"version-history":[{"count":6,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/9693\/revisions"}],"predecessor-version":[{"id":9700,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/9693\/revisions\/9700"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}