Revision to Consensus S&P 500 EPS

Revision to Consensus S&P 500 EPS Have consensus earnings estimates for 2021 the potential to rise again? Image: BofA US Equity & Quant Strategy

Global Earnings Revision Ratio

Global Earnings Revision Ratio The global earnings revision ratio is still improving. Image: BofA Global Quantitative Strategy

S&P 500 Earnings Revisions Breadth

S&P 500 Earnings Revisions Breadth Earnings revisions breadth is very strong. But according to Morgan Stanley, the stock market is vulnerable to a 10-15% correction over the next six months. Image: Morgan Stanley Research

S&P 500 Price Return vs. 2021 EPS Revisions

S&P 500 Price Return vs. 2021 EPS Revisions This chart highlights the positive correlation between price return and 2021 earnings revisions. Image: Goldman Sachs Global Investment Research

S&P 500 Earnings Revisions Breadth

S&P 500 Earnings Revisions Breadth This chart suggests that S&P 500 earnings revisions have likely bottomed. Image: Morgan Stanley Research