Forward Revenue Estimates Approach Record High

Ed Yardeni has a must read post up on S&P 500 revenue & earnings - I found the following chart of S&P 500 operating earnings per share and the 52-week forward estimate to be absolutely fascinating:

Click to enlarge

Notice that the current average analyst estimate for 2012 S&P 500 earnings is ~$105 which is down from its summer 2011 peak above $110 – Yardeni says:

“What I am beginning to see recently is that industry analysts are turning more optimistic about the prospects for revenues this year and next year. They have also recently stopped lowering their earnings estimates for both years after having done so nearly every week since mid-2011.”

Run, don’t walk to read the rest: Dr Ed’s Blog

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
Powered by WishList Member - Membership Site Software