Friday, August 26, 2016

S&P Earnings Optimism Q2 2016

With 96.3% reporting the earnings are not looking great.  Better than the quarter a year ago but worse than 06/30/14 and 06/30/13.


                      quarter               earned            last 4 Qs

96.30% 06/30/16 23.35 86.99
03/31/16 21.72 86.44
12/31/15 18.70 86.53
09/30/15 23.22 90.66
06/30/15 22.80 94.91
03/31/15 21.81 99.25
12/31/14 22.83 102.31
09/30/14 27.47 105.96
06/30/14 27.14 103.12
03/31/14 24.87 100.85
12/31/13 26.48 100.20
09/30/13 24.63 94.37
06/30/13 24.87 90.95
03/31/13 24.22 87.70
12/31/12 20.65 86.51
09/30/12 21.21 86.50
06/30/12 21.62 87.92
03/31/12 23.03 88.54
12/31/11 20.64 86.95
09/30/11 22.63 86.98
06/30/11 22.24 83.87
03/31/11 21.44 81.31
12/31/10 20.67 77.35
09/30/10 19.52 71.86
06/30/10 19.68 67.10
03/31/10 17.48 60.93


But worry not.  Q3 is forecast at $27.06 and Q4 is forecast at $29.27.  This must be why the S&P PE ratio is 24.85 as of 8/19/16. The Atlanta Fed is forecasting GDP in the present quarter, Q3, to growth at 3.4%.  The NY Fed being a downer bunch of folks at 2.8% growth.

All must be good ahead.

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