As many are aware, Thomson Reuters publishes earnings estimates for the S&P500. (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag)
The following estimates are from Exhibit 12 of “The Director’s Report” (pdf) of December 18, 2015, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts. For reference, the Year 2014 value is $118.78/share:
Year 2015 estimate:
$117.48/share
Year 2016 estimate:
$127.42/share
Year 2017 estimate:
$143.25/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 2005.55 as this post is written
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