Change in S&P 500 Quarterly EPS Consensus Excluding the one-offs, consensus estimates for the fourth quarter of 2023 have experienced just a slightly more pronounced reduction compared to previous periods, which can be seen as a positive sign. Image: Deutsche Bank Asset Allocation
Typical Path of S&P 500 Bottom-Up Consensus EPS Estimate S&P 500 EPS revisions for 2024 are showing a more favorable trend compared to both the previous year, 2023, and the average revisions seen historically, which could potentially contribute to a positive sentiment in the market. Image: Goldman Sachs Global Investment Research
GDP Consensus Forecasts Optimistic U.S. GDP forecasts suggest that there is confidence in the underlying strength of the U.S. economy. Image: BofA Global Research
Consensus U.S. GDP Growth Could the United States experience a significant deceleration in GDP growth in the near future? Image: Deutsche Bank Asset Allocation
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 EPS Beat vs. Consensus Estimate Since 2000 Corporate America’s ability to maintain profit margins was again demonstrated by a robust 1Q 2023 earnings report, beating expectations by a wide margin. Image: BofA US Equity & Quant Strategy
Global EPS Model vs. Consensus EPS Global EPS growth is expected to fall significantly in 2H2023. Image: BofA Global Investment Strategy
S&P 500 Consensus Quarterly Earnings Actual and Consensus Estimates Are earnings estimates overly optimistic in a stagflation economy? Image: Truist
FMS Investors – Net % Say Corporate Earnings Will Improve vs. S&P 500 Consensus Forward EPS Will analysts continue to lower S&P 500 earnings estimates? Image: BofA Global Fund Manager Survey
S&P 500 Equity Risk Premium – Consensus Bottoms Up Earnings Yield – 10-Year Treasury Yield Can U.S. Treasury bonds be considered more attractive than U.S. stocks at present? Image: Morgan Stanley Research