South Korean Exports vs. S&P 500 EPS Estimates
South Korean Exports vs. S&P 500 EPS Estimates The correlation between South Korean exports and S&P 500 EPS estimates suggests a weakness in S&P 500 earnings estimates. Image: Lohman Econometrics
South Korean Exports vs. S&P 500 EPS Estimates The correlation between South Korean exports and S&P 500 EPS estimates suggests a weakness in S&P 500 earnings estimates. Image: Lohman Econometrics
S&P 500 Index vs. Earnings per Share since 1989 The consensus S&P 500 earnings for the next 12 months has increased from $173 to $175. Image: Jeroen Blokland
Recession – Economic Output Composite Index vs. LEI The Economic Output Composite Index is still in contraction territory, which could have a negative impact on asset prices as earnings estimates are revised downwards. Image: Real Investment Advice
MSCI EMU 12-Month Forward EPS Earnings estimates are revised significantly downward during recessions. Image: Gavekal, Macrobond
Revision to Consensus S&P 500 EPS Have consensus earnings estimates for 2021 the potential to rise again? Image: BofA US Equity & Quant Strategy
Forward EPS YoY % Change vs. S&P 500 Annual Rate of Change Market performance typically reflects annual changes in corporate earnings. Should the U.S. economy experience a slowdown in 2025, we may see a decline in earnings growth, potentially resulting in slower market growth. Image: Real Investment Advice
S&P 500 EPS Growth Consensus estimates suggest that 72% of S&P 500 companies are projected to report EPS growth in 3Q24, reflecting a broader trend of improving earnings outlooks across various sectors. Image: BofA US Equity & Quant Strategy
S&P 500 EPS Beat Although beating EPS estimates is generally viewed favorably, consumer discretionary stocks haven’t shown substantial positive movement the day after the release of better-than-expected earnings. Image: Goldman Sachs Global Investment Research
S&P 500 Year/Year EPS Growth Goldman Sachs maintains the 2020 S&P 500 EPS estimate of $110 and adjusts the quarterly path of earnings growth. Image: Goldman Sachs Global Investment Research
S&P 500 Current P/E Valuation Based on 2021 EPS Scenarios Goldman Sachs baseline forecast for S&P 500 earnings in 2021 is $170, and the downside forecast is $115. Today, the S&P 500 trades at 19.5x the buy-side estimate of EPS. Image: Goldman Sachs Global Investment Research