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S&P 500 EPS And Revenue Estimates

Published 01/07/2019, 08:40 PM
Updated 07/09/2023, 06:31 AM

This is the change in the S&P 500's “expected” earnings growth by sector over the last 7 months.

Earnings Growth By Sector

This surprised me: the trends in the S&P 500 revenue estimates since the market peak in late Sept ’18:

S&P 500 Revenue Estimates

Since the market top in late September, the estimated 2019 revenue growth has actually been revised higher, both for the overall S&P 500 and the S&P 500 ex-energy.

HealthCare’s January ’19 revenue estimate looks like a bad data point, but note the improvement in Communication Services.

And don’t forget, this is all after Apple's (NASDAQ:AAPL) warning.

Both of these charts are compliments of IBES for Refinitiv.

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