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
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 Earnings Revisions Breadth Earnings revisions breadth has turned higher, which is good news. Image: Morgan Stanley Research
Revision to Consensus S&P 500 3Q EPS 2Q EPS fell by just 2% over the last 3 months, compared to the usual 4%. Image: BofA US Equity & Quant Strategy
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 FY2 EPS Revision Sentiment Will S&P 500 FY2 EPS revision sentiment continue to improve? Image: Goldman Sachs Global Investment Research
Bottom-Up S&P 500 EPS Revision Will the earnings season drive the S&P 500 up or down? Image: BofA US Equity & Quant Strategy
Following Quarter EPS Revisions Through Earnings Season EPS revisions are rapidly deteriorating. An earnings recession is currently not priced in by the market. Image: Morgan Stanley Research
S&P 500 EPS Revisions Sentiment S&P 500 earnings revision sentiment is currently pointing to a hard landing. Could the market experience a downturn in the near future? Image: Goldman Sachs Global Investment Research
S&P 500 Earnings Revisions Breadth vs. S&P 500 YoY Earnings revisions breadth is falling sharply. Image: Morgan Stanley Research