Estimated Impact on Consensus 2022 EPS of Global 15% Minimum Tax Rate Wall Street should not fear a global minimum corporate tax rate of 15%. Image: Goldman Sachs Global Investment Research
S&P 500 Aggregate EPS Surprise Record earnings surprises for the past 4 quarters, with earnings beating expectations by over 20%. Image: Morgan Stanley Research
Consensus S&P 500 Per Share (EPS) Estimate for 2021 Earnings estimates have risen a lot since the beginning of the year. Image: LPL Financial LLC
Top-Down S&P 500 EPS Estimates Goldman Sachs now expects EPS will rise by 35% this year and 5% in 2022. Image: Goldman Sachs Global Investment Research
Earnings – S&P 500 YoY Operating EPS Growth Are earnings too good to ignore? Image: J.P. Morgan Asset Management
Earnings Growth – S&P 500 Historical Operating and Normalized EPS The U.S. stock market needs earnings growth to rise in 2021 and 2022 as the global economy recovers. Image: BofA US Equity & Quant Strategy
S&P 500 Level and EPS Goldman Sachs forecast for S&P 500 EPS is $209 in 2023, and its S&P 500 price target remains 4,600 by the end of 2022. Image: Goldman Sachs Global Investment Research
Change in S&P 500 Current Quarter Consensus EPS During The Previous Quarter The largest upgrade to earnings estimates going into any earnings season over the last 10 years occurred in the first quarter of this year. Image: Deutsche Bank Asset Allocation
Valuation – Percent Change in S&P 500 Index, EPS and P/E Valuations are elevated, but equity prices can be explained by improving earnings. Image: Credit Suisse
EPS – Potential U.S. Tax Impact on Earnings Per Share Potential U.S. tax could reduce earnings per share in S&P 500 companies by 9% in 2022. Image: Financial Times