QVMM - S&P 500 Earnings: Still Solid After Nvidia And Walmart And A Look At Apple
2024-02-23 19:25:00 ET
Summary
- The forward 4-quarter estimate (FFQE) this week increased to $242.76 from last week’s $242.57 and January 5th’s print of $243.98.
- The P/E on the FFQE is 21x, versus 20.7x last week, so we continue to see a little P/E expansion.
- The S&P 500 earnings yield has now declined for 8 straight weeks, starting ’25 over 5% and now at 4.77%.
We are looking at the last 5 weeks of the 4th quarter earnings for the S&P 500, and with the unofficial end of Q4 ’23 earnings this week with Walmart’s ( WMT ) report, despite the negativity about the quarter in November and December ’23, actual Q4 ’23 S&P 500 EPS growth was +10% as of today....
S&P 500 Earnings: Still Solid After Nvidia And Walmart And A Look At Apple