Data Source: Factset
S&P 500 Earnings:
This week, 2020 EPS estimates came down from 178.24 to 177.77. While this is a drop of 26bps, the 2020 Earnings Growth rate stayed up at 9.6% due to a slight down-tick in 2019 estimated results. Q4 2019 Estimates have dropped 10bps (from -1.4% to -1.5% since 12/20). Continue reading “2020 Earnings Estimates: US down modestly, Europe UP”