Standard & Poors S&P500 Earnings Estimates For 2011 & 2012

As many are aware, Standard & Poors publishes earnings estimates for the S&P500.  (My previous posts concerning their estimates can be found in the under the S&P500 Earnings tag)

Currently (as of September 2), their estimates for 2011 add to the following:

-From a “bottom up” perspective, operating earnings of $98.58/share
-From a “top down” perspective, operating earnings of N.A.
-From a “top down” perspective, “as reported” earnings of $88.64/share

Currently, their estimates for 2012 add to the following:

-From a “bottom up” perspective, operating earnings of $112.55/share
-From a “top down” perspective, operating earnings of $101.91/share
-From a “top down” perspective, “as reported” earnings of $95.67/share
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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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The Special Note summarizes my overall thoughts about our economic situation

SPX at 1180.31 as this post is written