to your HTML Add class="sortable" to any table you'd like to make sortable Click on the headers to sort Thanks to many, many people for contributions and suggestions. Licenced as X11: http://www.kryogenix.org/code/browser/licence.html This basically means: do what you want with it. */ var stIsIE = /*@cc_on!@*/false; sorttable = { init: function() { // quit if this function has already been called if (arguments.callee.done) return; // flag this function so we don't do the same thing twice arguments.callee.done = true; // kill the timer if (_timer) clearInterval(_timer); if (!document.createElement || !document.getElementsByTagName) return; sorttable.DATE_RE = /^(\d\d?)[\/\.-](\d\d?)[\/\.-]((\d\d)?\d\d)$/; forEach(document.getElementsByTagName('table'), function(table) { if (table.className.search(/\bsortable\b/) != -1) { sorttable.makeSortable(table); } }); }, makeSortable: function(table) { if (table.getElementsByTagName('thead').length == 0) { // table doesn't have a tHead. Since it should have, create one and // put the first table row in it. the = document.createElement('thead'); the.appendChild(table.rows[0]); table.insertBefore(the,table.firstChild); } // Safari doesn't support table.tHead, sigh if (table.tHead == null) table.tHead = table.getElementsByTagName('thead')[0]; if (table.tHead.rows.length != 1) return; // can't cope with two header rows // Sorttable v1 put rows with a class of "sortbottom" at the bottom (as // "total" rows, for example). This is B&R, since what you're supposed // to do is put them in a tfoot. So, if there are sortbottom rows, // for backwards compatibility, move them to tfoot (creating it if needed). sortbottomrows = []; for (var i=0; i
Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter's earnings.
The earnings outlook for the S&P 500 has continued to deteriorate since our Summer 2019 edition. As of data from 11 November 2019, Standard & Poor's earnings data indicates a new earnings recession has begun, with the trailing twelve month total of quarterly earnings for 2019-Q3 dropping below the level recorded for 2019-Q2.
S&P is currently forecasting the new earnings recession will last just a quarter, but as you can see in the chart above, S&P's earnings forecasts have a history of being overly optimistic and being subsequently revised downward.
You can see that track record of excessive optimism in the chart above, which shows the evolution of earnings through the previous earnings recession for the S&P 500 in the period from 2014-Q3 to 2017-Q2. Here, from September 2014 to September 2016, the earnings projections always looked like they were about to turn around, but either deepened or extended to draw out the length of the earnings recession instead. It wasn't until December 2016 that a recovery really began to gain traction, where it took an additional two quarters for the index to recover to the level of trailing year earnings it had achieved prior the beginning of that earnings recession.
Catching up on other changes in the updated outlook for earnings, S&P's projection for the S&P 500's trailing twelve month earnings in December 2019 has declined from $146.63 per share to $141.63. Looking further forward, out to December 2020, S&P's projections of S&P 500 earnings in 2020 has dipped by a similar amount, from the $166.51 recorded three months ago to $161.95 as of 11 November 2019.
Silverblatt, Howard. Standard & Poor. S&P 500 Earnings and Estimates. [Excel Spreadsheet]. 11 November 2019. Accessed 19 November 2019.
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations.com
Thanks in advance!
This site is primarily powered by:
The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.
Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.