Standard & Poor’s S&P500 EPS Estimates 2019, 2020, & 2021 – January 16, 2020

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 16, 2020:

Year 2019 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $158.03/share

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

-From a “bottom up” perspective, “as reported” earnings of $140.24/share

Year 2020 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $175.16/share

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

-From a “bottom up” perspective, “as reported” earnings of $160.92/share

Year 2021 estimates add to the following:

-From a “bottom up” perspective, operating earnings of $191.22/share

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

-From a “bottom up” perspective, “as reported” earnings of $171.23/share

_____

I post various economic forecasts because I believe they should be carefully monitored.  However, as those familiar with this site are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 3329.62 as this post is written