Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 (Index: SPX) at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter's earnings.
While the earnings outlook for the S&P 500 slipped somewhat since our Fall 2019 snapshot, based on the data available as of 14 February 2020, trailing year earnings for 2019-Q4 have rebounded strongly over 2019-Q3, marking the end of a very short-lived earnings recession.
Looking past the earnings data for 2019-Q4 that is still in progress for being reported, we see very little change projected for earnings through the end of 2020, where forecast trailing year earnings per share dipped slightly from the $161.95 per share projected on 11 November 2019 to $162.22 per share in this snapshot.
Meanwhile, Standard and Poor has extended their earnings forecast for the S&P 500 out through the end of 2021, with the trailing year earnings per share in the fourth quarter of that year initially set at $176.20.
In the next snapshot, we'll simplify the chart by resetting the horizontal axis to start with December 2016.
Data Source
Silverblatt, Howard. Standard & Poor. S&P 500 Earnings and Estimates. [Excel Spreadsheet]. 14 February 2020. Accessed 17 February 2020.
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:
CSS Validation
RSS Site Feed
JavaScript
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.
Other Cool Resources
Blog Roll
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.
