MSCI U.S. EPS vs. Trend

MSCI U.S. EPS vs. Trend History shows that earnings well above the trend in the U.S. precede earning plunges. Image: Barclays Research

S&P 500 EPS Forecast

S&P 500 EPS Forecast Despite the earnings squeeze, Goldman Sachs is still positive on the S&P 500 earnings outlook. In 2020, U.S. and global growth should rebound modestly. Image: Goldman Sachs Global Investment Research

Consensus EPS Growth Expectations

Consensus EPS Growth Expectations Corporate earnings estimates get more optimistic for 2020. Image: Deutsche Bank Asset Allocation

U.S. Stock Price Reaction to Quarterly EPS Beats/Misses

U.S. Stock Price Reaction to Quarterly EPS Beats/Misses Is the U.S. stock market turning complacent in 3Q 2019? The market is forgiving with companies that miss EPS estimates. Beating EPS relative to market: +1.7%. Missing EPS relative to market: 0.0%.  Image: J.P. Morgan

U.S. ISM Manufacturing Index and Cyclicals EPS Revision

U.S. ISM Manufacturing Index and Cyclicals EPS Revision This chart shows the correlation between the ISM Manufacturing Index and cyclicals EPS revision, suggesting that 4Q19 will see a reset, with capital goods pricing in an actual earnings recession. Image: Morgan Stanley Research

EPS Growth Over Time

EPS Growth Over Time This chart shows that negative EPS growth doesn’t always mean a recession is coming. Image: Goldman Sachs Global Investment Research

S&P 500 Tax Adjusted EPS vs. Trend

S&P 500 Tax Adjusted EPS vs. Trend Interesting chart showing that S&P 500 tax adjusted earnings are well above the trend in the United States, and have historically preceded earning plunges. Image: J.P. Morgan Asset Management

Buyback Contribution to EPS Growth

Buyback Contribution to EPS Growth Buybacks constitute a very important part of the earnings payout. Without them, there is no EPS growth. Image: Credit Suisse Research