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S&P 500 Weekly Earnings: Forward Growth Rate Rises Again

Published 03/19/2017, 01:17 AM

If the only metric published this weekend is the “growth rate of the forward estimate” that would be enough. It rose again this past week to 8.85%, versus last week’s 8.62%.

You never hear anything about it either.

Thomson Reuters I/B/E/S data (by the numbers): Source “This Week in Earnings”

  • Forward 4-quarter estimate: $131.04, vs last week’s $131.07
  • P.E ratio: 18(x)
  • PEG ratio: 2.05(x) (now that the PEG ratio has normalized, perhaps this is the top ?)
  • S&P 500 earnings yield: 5.51% vs last week’s 5.52%
  • Year-over-year growth of forward estimate: +8.85%, the 7th straight weekly increase

2017 will be the best year of earnings growth – well – since 2011, and that probably doesn’t include tax reform.

More to come later this weekend.

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