Standard & Poor’s S&P500 Earnings Estimates For 2016 & 2017 – As Of January 12, 2017

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 January 12, 2017:

Year 2016 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $108.82/share

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

-From a “bottom up” perspective, “as reported” earnings of $99.26/share

Year 2017 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $130.78/share

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

-From a “bottom up” perspective, “as reported” earnings of $122.13/share

Year 2018 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $147.27/share

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

-From a “bottom up” perspective, “as reported” earnings of N/A

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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 2267.89 as this post is written