Standard & Poor’s S&P500 Earnings Estimates For 2014 & 2015 – As Of June 19, 2014

As many are aware, Standard & Poor’s publishes earnings estimates for the S&P500.  (My posts concerning their estimates can be found under the S&P500 Earnings label)

For reference purposes, the most current estimates are reflected below, and are as of June 19, 2014:

Year 2014 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $119.61/share

-From a “top down” perspective, operating earnings of $120.89/share

-From a “top down” perspective, “as reported” earnings of $114.47/share

Year 2015 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $137.19/share

-From a “top down” perspective, operating earnings of $148.18/share

-From a “top down” perspective, “as reported” earnings of $144.60/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 1949.88 as this post is written