Revision to Consensus Earnings Estimates
Revision to Consensus Earnings Estimates Rising oil prices tend to drive energy and materials stocks higher. Image: BofA US Equity & Quant Strategy
Revision to Consensus Earnings Estimates Rising oil prices tend to drive energy and materials stocks higher. Image: BofA US Equity & Quant Strategy
S&P 500 – Earnings Estimate Progression U.S. corporate earnings are not so bad. As the chart shows, earnings fundamentals are improving. Image: Fidelity Investments
S&P 500 Earnings Estimate Progression The market doesn’t believe that the long term earnings power has changed and expects a V-shaped earnings recovery. Image: Fidelity Investments
Emerging Markets Earnings Estimates Emerging markets earnings estimates are falling from $105 to $77 in 2019. Image: Fidelity Investments
Earnings Estimate Progression This chart shows the earnings estimate progression since 2013. For this year, the consensus estimate of EPS growth is currently around 1.9%, and around 9.7% for 2020. Image: Fidelity Investments
Earnings Estimates: Emerging Markets Emerging markets are the hardest hit by the trade war. Image: Fidelity Investments
Earnings Estimate Progression The consensus growth estimate for Q3 earnings stands at -3.2%, but the earnings recovery seems better than 2016. The Fed’s dovish pivot and low interest rates should continue to support the U.S. stock market. Image: Fidelity Investments
S&P 500 Earnings and Estimates While earnings growth projections for 2025 are optimistic, they must be assessed in the context of current high valuations and market concentration, highlighting the need for investor vigilance. Image: Real Investment Advice
Estimated Earnings Impact of 1pp Change in Statutory Tax Rate A one percentage point change in the corporate tax rate can have a measurable impact on U.S. corporate earnings, with small companies often feeling the effects more acutely than their larger counterparts. Image: Goldman Sachs Global Investment Research
S&P 500 Consensus Quarterly Earnings Actual and Consensus Estimates Despite a promising earnings outlook that could sustain market strength, investors would be wise to consider potential risks and already stretched market valuations. Image: Morgan Stanley Research
Drawdown from 12-Month Rolling Peak – S&P 500 Forward 12-Month Earnings-Per-Share Estimate The median decline in S&P 500 earnings over the past 12 recessions has been -13%. Image: Morgan Stanley Wealth Management