S&P 500 Earnings Estimates

S&P 500 Earnings Estimates Analysts are projecting S&P 500 earnings in 2020 will rise nearly 10%-11%, but a downward revision is possible, due to the global slowdown and impact from the trade war. Picture source: Fidelity Investments

Earnings Estimate Progression

Earnings Estimate Progression The consensus growth estimate for Q3 earnings stands at -3.2%, but the earnings recovery seems better than 2016. The Fed’s dovish pivot and low interest rates should continue to support the U.S. stock market. Picture source: Fidelity Investments

Earnings Estimate Progression

Earnings Estimate Progression This chart shows the earnings estimate progression since 2013. For this year, the consensus estimate of EPS growth is currently around 2.5%. Picture source: Fidelity Investments

S&P 500 – Earnings Estimate Progression​

S&P 500 – Earnings Estimate Progression S&P 500 Q2 earnings have been better than expected, but Q3 earnings could turn negative at -3.27% amid the trade war. Picture source: Fidelity Investments

S&P 500 Index – Earnings & Valuation

S&P 500 Index – Earnings & Valuation The S&P 500 valuation is high relative to history and the earnings growth estimate has fallen to +3.7% for 2019. You may also like our “Stock Market Valuation.” Picture source: Fidelity Investments

South Korean Exports vs. S&P 500 EPS Estimates

South Korean Exports vs. S&P 500 EPS Estimates The correlation between South Korean exports and S&P 500 EPS estimates suggests a weakness in S&P 500 earnings estimates. Picture source: Lohman Econometrics

Consensus EPS Growth Expectations

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