Standard & Poor’s S&P500 Earnings Estimates For 2014 & 2015 – As Of December 11, 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 December 11, 2014:

Year 2014 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $116.94/share

-From a “top down” perspective, operating earnings of N/A

-From a “top down” perspective, “as reported” earnings of $109.50/share

Year 2015 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $132.55/share

-From a “top down” perspective, operating earnings of $135.84/share

-From a “top down” perspective, “as reported” earnings of $134.90/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 2012.89 as this post is written