S&P 500 Earnings Revisions Breadth Earnings revisions breadth for both large and small caps has returned to negative territory, which means that the overall sentiment and expectations for future earnings have worsened. Image: Morgan Stanley Research
S&P 500 Earnings Revisions Breadth Earnings revisions breadth has experienced a significant decline, which could be a worrisome indicator of potential challenges in the overall earnings outlook for S&P 500 companies. Image: Morgan Stanley Research
S&P 500 Earnings Revisions Breadth vs. S&P 500 YoY The decline in earnings revisions breadth and its deviation from the S&P 500 performance suggests a disparity between analyst expectations for corporate earnings and the actual trajectory of the S&P 500. Image: Morgan Stanley Research
S&P 500 Earnings Revision Sentiment and Returns There is generally a good correlation between S&P 500 earnings revision sentiment and returns. Image: Goldman Sachs Global Investment Research
S&P 500 Earnings Revisions vs. U.S. Dollar Index (DXY) A strong U.S. dollar is not good for earnings revisions. Image: Morgan Stanley Research
Seasonality – Weekly Change in Earnings Revisions Breadth Historically, September and October have been challenging for earnings revisions. Image: Morgan Stanley Research
S&P 500 Earnings Revisions Breadth and S&P 500 NTM EPS How will earnings growth drive the U.S. stock market? Image: Morgan Stanley Research
S&P 500 Earnings Revisions Breadth Should U.S. equity investors expect further downward earnings revisions? Image: Morgan Stanley Research
S&P 500 Earnings Revisions Breadth How will earnings growth drive the S&P 500? Image: Morgan Stanley Wealth Management
S&P 500 Earnings Revisions Breadth vs. Dollar Index (DXY) A strong U.S. dollar doesn’t bode well for earnings revisions. Image: Morgan Stanley Research