S&P 500 Historical FY2 EPS Revisions vs. Consensus EPS The good news is that consensus EPS estimates for both 2023 and 2024 are currently being revised upward, indicating positive expectations for future earnings performance. Image: BofA US Equity & Quant Strategy
Bottom-Up Consensus S&P 500 EPS Estimates Is there excessive optimism in the consensus EPS estimates for 2024? Image: Goldman Sachs Global Investment Research
S&P 500 EPS and Index Level Forecasts Goldman Sachs expects S&P 500 EPS to be $237 in 2024, and has set a price target of 4,700 for the S&P 500 in the first half of 2024. Image: Goldman Sachs Global Investment Research
S&P 500 EPS Estimates Goldman Sachs is more optimistic than consensus on EPS estimates for 2023 and 2024. Image: Goldman Sachs Global Investment Research
EPS Revisions S&P 500 EPS revisions for 2024 show signs of stabilization, which is good news. Image: Goldman Sachs Global Investment Research
S&P 500 Average Negative Sentiment Score YoY vs. Quarterly EPS YoY (Leading Indicator) The significant increase in corporate sentiment indicates a potential recovery in earnings, which is good news. Image: BofA Global Research
Earnings – S&P 500 NTM EPS The projected earnings per share for the S&P 500 in the next 12 months, as estimated by analysts, continues to rise, which is generally seen as positive news. Image: The Daily Shot
S&P 500 Level and EPS Goldman Sachs forecast for S&P 500 EPS is $237 in 2024, and its S&P 500 price target is still 4,500 by the end of 2023. Image: Goldman Sachs Global Investment Research
S&P 500 EPS Growth Estimates Analysts expect S&P 500 earnings to improve going forward. Image: Goldman Sachs Global Investment Research
Time Series of S&P 500 Price, Forward EPS and Price to Forward EPS The S&P 500 has returned to its January 2022 level. Image: BofA US Equity & Quant Strategy