As many are aware, Standard & Poors publishes earnings estimates on a quarterly basis.
Currently, their estimates for 2010 add to the following:
-From a "bottom up" perspective, operating earnings of $81.72/share
-From a "top down" perspective, operating earnings of $71.32/share
-From a "top down" perspective, "as reported" earnings of $64.84/share
Currently, their estimates for 2011 add to the following:
-From a "bottom up" perspective, operating earnings of $94.88/share
-From a "top down" perspective, operating earnings of $78.40/share
-From a "top down" perspective, "as reported" earnings of $80.92/share
As I commented in the December 20, 2009 post, coming into 2010 the overall consensus on S&P500 earnings for the year seemed to be in the $75 range.
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with the many of the consensus estimates and much of the commentary in these forecast surveys.
back to home
SPX at 1089.41 as this post is written
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