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 Earnings Growth S&P 500 earnings growth turns positive, making S&P 500 EPS in Q4 2020 the first quarter of positive growth since Q4 2019. Image: Deutsche Bank Asset Allocation
Global EPS – Global Earnings Growth This chart highlights the strong recovery in global earnings growth. Image: Fidelity Investments
S&P 500 2020 Earnings Growth Estimates The estimated decline in earnings for the S&P 500 could mark the second largest year-over-year decline in earnings since 2009. Image: J.P. Morgan
Style Index Performance During Periods of Decelerating and Accelerating S&P 500 Earnings Growth – Russell 1000 Value vs. Growth Is it time for investors to favor value stocks, as Value tends to beat Growth when profits accelerate? Image: BofA US Equity & Quant Strategy
Earnings Growth – Mega-Cap Growth Stocks vs. S&P500 ex Mega-Cap Growth Earnings for mega-cap growth stocks are expected to reach new highs in early 2021. That’s far better than the rest of the S&P 500. Image: Deutsche Bank Asset Allocation
S&P 500 Annual Return: Dividends, Earnings Growth and Multiple Expansion In 2019, the S&P 500 rose 31.5%. 26.9% came from multiple expansion, 2.6% from dividends, and 2.0% from earnings growth. Historically, S&P multiples contract or remain flat following years of big multiple expansion. Image: Richardson GMP
Earnings Growth and S&P 500 Rebound in earnings coming in 2020? Analysts expect a 9.5% jump this year. Image: CNBC
S&P 500 Return: Earnings Growth vs. Multiple Expansion Multiple expansion explains the S&P 500’s impressive total return of 31.49% in 2019, despite muted earnings. Image: Strategas
Earnings Growth vs. the S&P 500 Could the S&P 500 continue to outpace the poor earnings performance? Image: CNBC