2020 Forecasts for the S&P 500

2020 Forecasts for the S&P 500 Analysts are forecasting losses or moderate gains for the S&P 500 in 2020. Image: The Wall Street Journal

S&P 500 EPS Forecast

S&P 500 EPS Forecast Despite the earnings squeeze, Goldman Sachs is still positive on the S&P 500 earnings outlook. In 2020, U.S. and global growth should rebound modestly. Image: Goldman Sachs Global Investment Research

S&P 500 Level and EPS

S&P 500 Level and EPS Goldman Sachs forecast for S&P 500 EPS is $239 in 2023, and its S&P 500 price target remains 4,300 by the end of 2022. Image: Goldman Sachs Global Investment Research

S&P 500 DDM-Implied Fair Value

S&P 500 DDM-Implied Fair Value Goldman Sachs forecasts the U.S. 10-year Treasury yield at 1.6% by the end of 2021 and the S&P 500 to reach 4,700 (base case scenario). Image: Goldman Sachs Global Investment Research

S&P 500 Seasonality Since 1985

S&P 500 Seasonality Since 1985 Chart showing the S&P 500 seasonality from 1985 to 2019. This is not a forecast. Image: Goldman Sachs Global Investment Research

S&P 500 Earnings Surprise

S&P 500 Earnings Surprise Current estimates are forecasting an earnings surprise of 14.6% for the S&P 500, well above the long-run average of 7%. Image: J.P. Morgan Asset Management

S&P 500 Equity Risk Premium (ERP)

S&P 500 Equity Risk Premium (ERP) Goldman Sachs forecasts the ERP will fall to 4.6% this year and 4.3% in 2022. Image: Goldman Sachs Global Investment Research

S&P 500 Net Profit Margin

S&P 500 Net Profit Margin Goldman Sachs forecasts S&P 500 net profit margins to reach 11.1% in 2021, and 11.5% in 2022. Image: Goldman Sachs Global Investment Research