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JUST - S&P 500 Earnings: Forward Earnings Estimates Stabilizing
Goldman Sachs JUST U.S. Large Cap Equity
Using Refinitiv's Earnings Aggregates published this morning, Friday, May 22nd, 2020, and updating our spreadsheet, readers can see the continued decline in the rate of erosion in forward estimates, which - all other things being equal - should be very much a positive for the S&P 500 and the US stock market.
Maybe more importantly, the 2021 S&P 500 dollar estimate of $164.04 remains above the 2019 actual EPS dollar figure of $162.93.
I'm putting importance on the relationship between the 2019 actual S&P 500 EPS and the 2021 estimate. Others might disagree with that