As many are aware, Standard & Poors publishes earnings estimates for the S&P500. My previous posts concerning their estimates can be found on September 17, May 30, and December 30)
Currently, their estimates for 2011 add to the following:
-From a “bottom up” perspective, operating earnings of $96.21/share
-From a “top down” perspective, operating earnings of $93.63/share
-From a “top down” perspective, “as reported” earnings of $96.26/share
Currently, their estimates for 2012 add to the following:
-From a “bottom up” perspective, operating earnings of (N.A.)
-From a “top down” perspective, operating earnings of $98.30/share
-From a “top down” perspective, “as reported” earnings of $97.12/share
As seen in previous posts, there seemed to be an earlier overall consensus that 2011 S&P500 operating earnings will be in the $90-$95/share 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 many of the consensus estimates and much of the commentary in these forecast surveys.
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A Special Note concerning our economic situation is found here
SPX at 1281.87 as this post is written
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