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 vs. S&P 500 YoY With yields no longer supporting high valuations, earnings growth is expected to be the main factor driving U.S. equity returns in the near future. 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 and Stocks Net EPS Revisions Macro headwinds suggest that the S&P 500 could fall further towards 3,200. Image: BCA 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