Search Results for: global earnings

LTM Earnings – World Ex Technology vs. U.S. Technology Technology earnings have outpaced significantly the rest of the world. Image: Goldman Sachs Global Investment Research

Valuation – MSCI ACWI Index’s 12-Month Forward Price to Earnings The risk of a correction is rising, as global stocks continue to rally and become more expensive. Image: Bloomberg

2020 Consensus Earnings Expectations over the Past 12 Months While earnings expectations across the world have been revised downward, the S&P 500 is rising as nations ease lockdowns. Image: Goldman Sachs Global Investment Research

Forecast in Corporate Earnings Fiscal support will largely, but not entirely, offset the decline in coporate earnings. Image: Goldman Sachs Global Investment Research

Recession History – Average Trajectory of Earnings Data The market tends to bottom well in advance (15 months on average) before earnings recover. Image: Goldman Sachs Global Investment Research

S&P 500 Earnings and Dividend Growth (S&P 500 EPS and DPS) This chart suggests estimates for earnings and dividend growth this year, highlighting the financial crisis and the Great Depression. Image: Goldman Sachs Global Investment Research

U.S. Buybacks vs. Earnings Buybacks tend to move alongside earnings and are likely to be reduced in 2020. Image: Goldman Sachs Global Investment Research

S&P 500 Earnings Yield Less 10-Year U.S. Treasury Yield Goldman Sachs expects the yield gap will narrow to 395 bp by the end of the year. Image: Goldman Sachs Global Investment Research

Earnings Sentiment Chart showing unusually low levels of earnings sentiment. Image: Goldman Sachs Global Investment Research

12-Month Earnings Yield Less Fed Funds Rate The 12-month earnings yield less Fed funds rate is just back to its historical average. Image: KKR Global Macro

Global PMIs Global PMIs and earnings growth across regions could suggest a strong risk-on year. Image: Fidelity Investments